Kromek Group PLC Results of Firm Placing and Open Offer (2408W)
17 August 2015 - 9:11PM
UK Regulatory
TIDMKMK
RNS Number : 2408W
Kromek Group PLC
17 August 2015
17 August 2015
Kromek Group plc
("Kromek" or the "Company")
Results of Firm Placing and Open Offer and Result of General
Meeting
On 30 July 2015, Kromek, a radiation detection technology
company focusing on the medical, security and nuclear markets,
announced a Firm Placing to raise GBP9 million and an Open Offer to
raise up to an additional GBP2.0 million.
The Company is pleased to announce that at its General Meeting
held today all of the resolutions as set out in the Circular dated
30 July 2015 were duly passed.
The Company is also pleased to announce the results of the Open
Offer, which closed for acceptances at 11:00 a.m. on 14 August
2015. Valid acceptances have been received in respect of 9,716,307
new ordinary shares of 1 pence each (the "Ordinary Shares"),
representing a percentage take up of 121 per cent of those Ordinary
Shares available under the Open Offer. Qualifying Shareholders who
have applied for Offer Shares will receive their full Open Offer
entitlement. Shareholders that made an application under the excess
application facility will receive approximately 73 per cent of new
Ordinary Shares applied for.
The following Directors have subscribed for Ordinary Shares
under the Open Offer:
Following Admission
------------------- -------------------------------------- ----------------- --------------------------------------
Number
Number of new Ordinary
Number of new Ordinary Shares subscribed Number Percentage of
of Ordinary Shares for under the of Ordinary Enlarged Share
Shares held subscribed for Excess Shares held Capital
prior to under the Open Application following following
Name Admission Offer Facility Admission Admission
------------------- ------------------ ------------------ ----------------- ------------------ ------------------
Arnab
Basu............. 2,000,000 72,000 0 2,072,000 1.36%
------------------- ------------------ ------------------ ----------------- ------------------ ------------------
Max
Robinson......... 9,500,000 60,000 0 9,560,000 6.28%
------------------- ------------------ ------------------ ----------------- ------------------ ------------------
Graeme
Speirs*........ 14,792,730 922,799 552,886 16,268,415 10.69%
------------------- ------------------ ------------------ ----------------- ------------------ ------------------
Brian
Tanner............
. 750,000 50,000 0 800,000 0.53%
------------------- ------------------ ------------------ ----------------- ------------------ ------------------
*Prior to Admission Mr Speirs was directly interested in
3,414,940 Ordinary Shares and a further 11,377,790 Ordinary Shares
through his directorship in Polymer Holdings Limited. Mr Speirs has
subscribed for 80,000 Ordinary Shares through his entitlement under
the Open Offer. Polymer Holdings Limited has subscribed for 842,799
Ordinary Shares through its entitlement under the Open Offer and an
additional 552,886 Ordinary Shares under the excess application
facility. Following Admission Mr Speirs will be directly interested
in 3,494,940 Ordinary Shares and a further 12,773,475 Ordinary
Shares through his directorship in Polymer Holdings Limited,
representing 2.29 per cent and 8.39 per cent of the Enlarged Share
Capital.
Accordingly, application has been made for 8,012,792 new
Ordinary Shares to be issued via the Open Offer to be admitted to
trading on AIM. The Company has also made application for
36,000,000 new Ordinary Shares to be issued via the Firm Placing to
be admitted to trading in AIM. It is expected that Admission and
commencement of dealings in the 44,012,792 new Ordinary Shares will
commence at 8:00am on 18 August 2015. Following Admission, the
enlarged issued share capital of the Company will consist of
152,186,082 Ordinary Shares. Therefore, the total number of voting
rights in the Company is 152,186,082 and this figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in the Company.
Defined terms used in this announcement not otherwise defined
shall have the same meaning as those terms defined and used in the
Circular dated 30 July 2015.
Enquiries:
Kromek Group plc 01740 626 060
Arnab Basu, CEO
Derek Bulmer, CFO
Cenkos Securities plc 0207 397 8900
Bobbie Hilliam (NOMAD)
Julian Morse (Sales)
Luther Pendragon 0207 618 9100
Harry Chathli, Claire Norbury,
Alexis Gore
This information is provided by RNS
The company news service from the London Stock Exchange
END
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