Nektan PLC Results of AGM and Offer for Subscription (3516V)
27 January 2017 - 10:41PM
UK Regulatory
TIDMNKTN
RNS Number : 3516V
Nektan PLC
27 January 2017
27 January 2017
Nektan PLC
("Nektan", the "Company" or the "Group")
Results of AGM
and
Offer for Subscription
Nektan is pleased to announce that at the Annual General Meeting
of the Company held earlier today, all resolutions were duly
passed.
Nektan also announces the result of the offer for subscription
(the "Offer") for up to approximately GBP0.5 million at 27.5 pence
per share, further details of which were set out in the offer for
subscription circular (the "Circular") posted to Shareholders on 29
December 2016.
Nektan received valid acceptances in respect of 475,978 Offer
shares representing approximately 26.2 per cent. of the Offer
shares available, raising a total of GBP130,894.90.
In combination with the subscription for 8,272,726 new ordinary
shares at a price of 27.5 pence, to raise GBP2.275 million,
announced on 29 December 2016 (the "Subscription"), in aggregate
Nektan has raised total gross proceeds from the Subscription and
Offer of GBP2.406 million via the issue of, in aggregate, 8,748,704
new ordinary shares ("New Ordinary Shares").
Application has been made for these 8,748,704 New Ordinary
Shares to be admitted to trading on AIM ("Admission"). It is
expected that Admission will become effective, and dealings will
commence at 8.00 a.m. on 1 February 2017.
The New Ordinary Shares will on Admission rank pari passu in all
respects with the existing ordinary share capital of the
Company.
Following Admission, the Company's enlarged issued share capital
will comprise 32,851,292 ordinary shares, with voting rights. The
Company does not hold any ordinary shares in treasury. Therefore
the total number of ordinary shares in the Company with voting
rights will be 32,851,292. This figure may be used by shareholders
in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or a change in their interest in, the share capital of the
Company under the FCA's Disclosure and Transparency Rules.
For further information on the Group, please contact:
Nektan via Newgate below
Leigh Nissim, Chief Executive
Patrick Sinclair, Chief Financial Officer
Tel: +44 20 7601 6100
Stockdale Securities Limited
Tom Griffiths / Ed Thomas
Newgate (PR Adviser) Tel: +44 20 7680 6521/
James Benjamin + 44 7747 113 930
Em: nektan@newgatecomms.com
Further information on Nektan can be found on the Group's
website at www.nektan.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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