Harland & Wolff Group Holdings PLC Result of Placing and PrimaryBid Offer (3039T)
23 November 2021 - 11:55PM
UK Regulatory
TIDMHARL
RNS Number : 3039T
Harland & Wolff Group Holdings PLC
23 November 2021
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO, THE UNITED
STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE
UNITED STATES OR THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA,
JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. PLEASE SEE THE
IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
This announcement contains inside information for the purposes
of the UK version of Article 7 of Regulation (EU) 596/2014 ("MAR").
In addition, market soundings (as defined in MAR) were taken in
respect of the Placing with the result that certain persons became
aware of inside information (as defined in MAR), as permitted by
MAR. This inside information is set out in this announcement.
Therefore, those persons that received inside information in a
market sounding are no longer in possession of such inside
information relating to the Company and its securities.
23 November 2021
Harland & Wolff Group Holdings plc
("Harland & Wolff" or the "Company")
Result of Placing and PrimaryBid Offer
Harland & Wolff Group Holdings plc (AIM: HARL), the UK
quoted company focused on strategic infrastructure projects and
physical asset lifecycle management, announces that, further to its
announcements made yesterday regarding the Fundraising, it has
completed the bookbuild for the Placing and closed the PrimaryBid
Offer.
The Company is pleased to announce that the Placing has raised
GBP7.3 million (before expenses) through the placing of 36,522,261
Placing Shares with certain existing and new institutional
investors at the Issue Price, through its broker Cenkos Securities
plc. Furthermore, the PrimaryBid Offer has conditionally raised an
additional GBP0.9 million (before expenses), through the
subscription of 4,675,230 PrimaryBid Shares at the Issue Price.
Accordingly, the Company has conditionally raised a total of
GBP8.2 million (before expenses) and approximately GBP7.7 million
net of expenses, to facilitate the growth of the business, more
detail of which is set out in yesterday's announcement and the
explanatory Circular, which is expected to be posted to
shareholders on 24 November 2021 and will be published on the
Company's website.
Issue of Equity and General Meeting
Application has been made for the First Placing Shares, being
19,403,667 New Shares to be admitted to trading on AIM on 26
November 2021. Following First Admission, the Company's issued
share capital will be 141,094,016.
Application will be made for the Second Placing Shares, being
17,118,594 New Shares and the PrimaryBid Shares, being 4,675,230
New Shares to be admitted to trading on AIM on 13 December 2021.
Following Second Admission, the Company's issued share capital will
be 162,887,840. Second Admission remains subject to the passing of
the Resolutions by Shareholders at the Company's General Meeting to
be held on 10 December 2021.
The above figures may be used by Shareholders following First
Admission and Second Admission respectively as the denominator for
the calculations by which they will determine whether they are
required to notify their interest in, or a change to their interest
in, the share capital of Company under the Disclosure Guidance and
Transparency Rules sourcebook of the FCA.
Capitalised terms not otherwise defined in the text of this
announcement have the meaning given to them in the Company's
announcement released on 22 November 2021 at 5.41pm under RNS
number 1838T.
For further information, please visit www.harland-wolff.com or
contact:
Harland & Wolff Group Holdings plc +44 (0)20 3900 2122
John Wood, Chief Executive Officer investor@harland-wolff.com
Seena Shah, Head of Marketing & Communications media@harland-wolff.com
Cenkos Securities plc (Nominated Adviser
& Broker)
Stephen Keys / Callum Davidson / Dan Hodkinson
(Corporate Finance)
Michael Johnson (Sales) +44 (0)20 7397 8900
----------------------------
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