Pelatro PLC Result of Placing (2031W)
31 July 2018 - 12:10AM
UK Regulatory
TIDMPTRO
RNS Number : 2031W
Pelatro PLC
30 July 2018
30 July 2018
THIS ANNOUNCEMENT IS RESTRICTED AND IT IS NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OF ITS TERRITORIES,
CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR AUSTRALIA OR ANY
OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION (EU) 596/2014. ON PUBLICATION OF THIS
ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN
THE PUBLIC DOMAIN.
Pelatro Plc
("Pelatro" or the "Company")
Result of Placing
Pelatro Plc (AIM: PTRO), the global precision marketing software
specialist, is pleased to announce that, further to the
announcement made earlier today, the Company has successfully
raised gross proceeds of approximately GBP6.0 million consisting of
2,092,055 EIS/VCT Placing Shares and 6,127,124 General Placing
Shares, both at a price of 73 pence per New Ordinary Share (the
"Issue Price"). The Issue Price represents a discount of
approximately 14.6 per cent to the closing mid-market price of an
Ordinary Share of 85.5 pence on 27 July 2018.
General Meeting and Admission
The Placing is conditional, inter alia, upon the passing of the
Resolutions at the General Meeting to be held on 15 August 2018 and
the Acquisition is conditional, inter alia, on Admission and is
expected to complete on 17 August 2018.
Upon Admission, the Enlarged Issued Share Capital is expected to
be 32,532,431 Ordinary Shares. On this basis, the New Ordinary
Shares will represent approximately 25.3 per cent. of the Company's
Enlarged Issued Share Capital.
Application will be made for the 8,219,179 New Ordinary Shares
to be admitted to trading on AIM. Subject to the Resolutions having
been passed and the Placing Agreement not having been terminated in
accordance with its terms, it is anticipated that:
-- admission of the 2,092,055 EIS/VCT Placing Shares will occur
at 8.00 a.m. on or around 16 August 2018; and
-- admission of the 6,127,124 General Placing Shares will occur
at 8.00 a.m. on or around 17 August 2018.
Capitalised terms not otherwise defined in this announcement
shall have the same meaning ascribed to such terms in the
announcement released earlier today unless the context requires
otherwise.
Enquiries:
Pelatro Plc C/O IFC
Subash Menon, Managing Director
Nic Hellyer, Finance Director
finnCap Limited (Nominated Adviser and
Broker)
Adrian Hargrave / Kate Bannatyne (Corporate
Finance)
Stephen Norcross / Nikita Jain (Corporate
Broking) +44 (0)20 7220 0500
IFC Advisory Limited (Financial PR & IR)
Tim Metcalfe / Miles Nolan / Zach Cohen +44 (0)20 3934 6630
Notes to Editors
Pelatro provides precision marketing software for use by its
customers in B2C applications, with a current focus on providing
multi channel campaign management software to Telcos that provides
a contextualised, relevant and personalised solution for end
users.
Pelatro's precision marketing solution, mViva, uses Big Data
analytics to study growing end user data to reveal patterns,
trends, associations and key behavioural traits. mViva then applies
algorithms to analyse this data and to identify patterns for each
end user. Based on this analysis, relevant offers (which can
include additional services or customised campaigns) are made to
end users through a variety of channels like SMS, email and apps.
mViva allows customers to generate smaller relevant segments of end
users, which can be as small as one end user. By using mViva's
targeted approach, Pelatro's customers have experienced an increase
of up to 5 per cent. of annual incremental revenue per end user
through the upselling of products.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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END
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