Blur Group PLC Related party participation in placing (3502R)
21 September 2017 - 2:22AM
UK Regulatory
TIDMBLUR
RNS Number : 3502R
Blur Group PLC
20 September 2017
blur Group plc
("blur", the "Group" or the "Company")
Director and Substantial Shareholder participation in
placing
blur Group plc (AIM: BLUR) announces that as part of the
Placing, Charles Street International Holdings Limited and certain
Directors subscribed for new ordinary shares at 4 pence and
Warrants, as detailed further below.
Save as otherwise defined, capitalised terms used in this
announcement have the meanings given to them in the announcement
released by the Company this morning at 7.01 a.m. The Placing
remains subject, inter alia, to shareholder approval.
Directors
Amount Number Total Percentage Number
subscribed of Placing shareholding shareholding of Warrants
(GBP) Shares on Admission on Admission
(%)
--------- ------------ ------------ -------------- -------------- -------------
David
Rowe 100,000 2,500,000 11,251,428 6.4 1,250,000
--------- ------------ ------------ -------------- -------------- -------------
Preeti
Mardia 20,000 500,000 1,357,142 0.8 250,000
--------- ------------ ------------ -------------- -------------- -------------
Richard
Rae 40,000 1,000,000 5,285,714 3.0 500,000
--------- ------------ ------------ -------------- -------------- -------------
Richard
Croft 20,000 500,000 1,928,571 1.1 250,000
--------- ------------ ------------ -------------- -------------- -------------
The Independent Director, being Laurence Cook, considers, having
consulted with the Company's nominated adviser, N+1 Singer, that
the terms of the participation by the above Directors in the
Placing are fair and reasonable insofar as the Company's
shareholders are concerned.
Charles Street International Holdings Limited
Charles Street International Holdings Limited has subscribed for
6,399,998 Placing Shares and will be entitled to receive 3,199,999
warrants. Charles Street International Holdings Limited is a
related party of the Company for the purposes of the AIM Rules by
virtue of their status as a substantial shareholder of the
Company.
Following the issue of the Placing Shares Charles Street
International Holdings Limited together with Robert Keith, an
executive of Charles Street International Holdings Limited, have an
interest in approximately 26.6% of the enlarged issued share
capital of the Company.
The Directors consider, having consulted with the Company's
nominated adviser, N+1 Singer, that the terms of the participation
by Charles Street International Holdings Limited in the Placing are
fair and reasonable insofar as the Company's shareholders are
concerned.
Ends
Enquiries:
blur Group plc
David Rowe (Chairman)
+44 (0) 1392 927618
N+1 Singer (Nominated Adviser & Broker)
Shaun Dobson
James White +44 (0)20 7496 3000
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCOKKDDABKDQCB
(END) Dow Jones Newswires
September 20, 2017 12:22 ET (16:22 GMT)
Maistro (LSE:MAIS)
Historical Stock Chart
From Apr 2024 to May 2024
Maistro (LSE:MAIS)
Historical Stock Chart
From May 2023 to May 2024