Haydale Graphene Industries PLC Issue of Shares (0988B)
31 March 2017 - 5:01PM
UK Regulatory
TIDMHAYD
RNS Number : 0988B
Haydale Graphene Industries PLC
31 March 2017
The information contained within this announcement is deemed by
the Group to constitute inside information as stipulated under the
Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
For immediate release 31 March 2017
Haydale Graphene Industries plc
('Haydale' or the 'Company')
Issue of Shares
Haydale (AIM:HAYD), the global nanomaterials group, announces
that it has received a further approximate GBP1.5 million from
Everpower, being part of the third tranche of the aggregate GBP3.26
million strategic investment pursuant to the Subscription Agreement
with Everpower announced on 3 February 2017. Haydale has now
received a total of GBP1.82 million from Everpower pursuant to the
Subscription Agreement. Accordingly, application has been made for
878,553 ordinary shares of 0.2 pence each in the Company ("Ordinary
Shares") ("Tranche 3 Shares") to be admitted to trading on AIM,
with admission expected to occur on or around 3 April 2017
("Admission"). Following Admission, Everpower's interest in Haydale
will be 1,070,281 Ordinary Shares, representing approximately 5.7
per cent. of the Company.
The issue of the balance of the 847,001 Tranche 3 Shares remains
subject to the balance of GBP1.44 million being received by
Haydale. The Board remains confident the outstanding monies will be
received, not least because of recent meetings between senior
management of both companies, but also pursuant to the terms of the
Subscription Agreement, Everpower has requested and Haydale has
agreed to extend the Long Stop Date to 30 April 2017. As a result,
Everpower is required to subscribe for a further 191,728 new
Ordinary Shares at the Subscription Price ("Extension Shares").
Issue of the Extension Shares remains subject to receipt of approx.
GBP326,000. Unless otherwise stated, defined terms are set out in
the Subscription Agreement announcement issued on 3 February
2017.
The 878,553 new Ordinary Shares will be credited as fully paid
and will rank pari passu with the Company's existing Ordinary
Shares. Following Admission, the total number of voting rights in
the Company will be 18,711,212 Ordinary Shares and shareholders may
use this figure as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
- Ends -
For further information:
Haydale Graphene Industries plc
Ray Gibbs, Chief Executive Officer Tel: +44 (0) 1269 842 946
Matt Wood, Finance Director www.haydale.com
Trevor Phillips, Head of Communications
Cairn Financial Advisers LLP
(Nominated Adviser)
Tony Rawlinson / Emma Earl Tel: +44 (0) 20 7213 0880
Cantor Fitzgerald Europe (Broker)
David Foreman / Will Goode (Corporate Tel: +44 (0) 20 7894 7000
Finance)
David Banks / Mark Westcott (Sales)
Media enquiries:
Buchanan
Henry Harrison-Topham / Jamie Tel: +44 (0) 20 7466 5000
Hooper
haydale@buchanan.uk.com www.buchanan.uk.com
Notes to Editors
Haydale is a global technologies and materials group that
facilitates the integration of nanomaterials into the next
generation of commercial technologies and industrial materials.
With expertise in graphene, silicon carbide and other
nanomaterials, Haydale is able to deliver improvements in
electrical, thermal and mechanical properties, as well as
toughness. Haydale has granted patents for its technologies in
Europe, USA and China and operates from four facilities in the UK,
USA and the Far East.
For more information please visit:
www.haydale.com
Twitter: @haydalegraphene
This information is provided by RNS
The company news service from the London Stock Exchange
END
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