LightwaveRF PLC Result of Open Offer (0182S)
16 December 2016 - 6:00PM
UK Regulatory
TIDMLWRF
RNS Number : 0182S
LightwaveRF PLC
16 December 2016
16 December 2016
LightwaveRF Plc
(AIM: LWRF)
Result of Open Offer
LightwaveRF plc ("LightwaveRF" or the "Company"), the
proprietary IOT and connected devices specialist enabling the
remote control and monitoring of light, heat, power and security
through just one App announced on 21 November 2016 an Open Offer to
Qualifying Shareholders raising up to GBP1.07 million (before
expenses) by way of the issue of 8,229,903 New Ordinary Shares at
13 pence per share to Qualifying Shareholders.
The Open Offer closed for applications at 11.00 a.m. on 15
December 2016 and the Company announces that valid applications
under the Open Offer were received from Qualifying Shareholders in
excess of the 8,229,903 New Ordinary Shares being offered. It is
the Directors' intention to satisfy all of the excess applications
in full which will result in a further 1,598,985 shares being
issued.
The Open Offer remains conditional upon, inter alia, the
approval of Shareholders at the General Meeting and upon Admission
occurring by 8.00 a.m. on 20 December 2016 (or such later time or
date being not later than 8.00 a.m. on 30 December 2016 as the
Company and WH Ireland may determine).
This announcement should be read in conjunction with the full
text of the Circular posted to Shareholders on 23 November 2016,
copies of which are available on the Company's website at
www.lightwaveRF.com. Capitalised terms in this announcement have
the same meaning as given in the Circular.
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
For further information:
Contacts:
LightwaveRF plc www.lightwaveRF.com
Mike Lord, CEO +44 (0) 121 250
Kevin Edwards, CFO 3625
WHIreland Limited www.whirelandplc.com
Mike Coe/Ed Allsopp (Corporate +44 (0) 117 945
Finance) 3470
Jasper Berry (Institutional +44 (0) 20 7220
Sales) 1666
This information is provided by RNS
The company news service from the London Stock Exchange
END
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