TIDMPTSG
RNS Number : 0818K
Premier Technical Services Grp PLC
04 July 2017
4 July 2017
THIS ANNOUNCEMENT, INCLUDING THE APPENDIX AND THE INFORMATION
CONTAINED HEREIN, IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED
STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE
REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
Premier Technical Services Group PLC
("PTSG" or the "Company")
Result of Placing
PTSG, the niche specialist services provider, is pleased to
announce the successful completion of the placing announced earlier
today (the "Placing").
A total of 12,500,000 new ordinary shares in the Company of 1p
each (the "Placing Shares") have been placed by Numis Securities at
a price of 120p per Placing Shares (the "Placing Price"), raising
proceeds of GBP15.0m (before expenses).
The Placing Shares issued represent approximately 13.7% of the
issued ordinary share capital of the Company prior to the Placing.
The Placing Price represents a discount of 6.6% to the closing
price of 128.5p on 3 July 2017.
In relation to the above, an application has been made to the
London Stock Exchange for the Placing Shares, which rank pari passu
with the existing ordinary shares, to be admitted to trading on AIM
on or around 6 July 2017.
In accordance with the FCA's Disclosure Guidance and
Transparency Rules, following this issue, the Company's issued
share capital consists of 104,011,274 Ordinary Shares. The Company
does not hold any Ordinary Shares in treasury.
The figure of 104,011,274 Ordinary Shares should 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 under the FCA's
Disclosure Guidance and Transparency Rules.
For further information, please contact:
PTSG +44 (0)1977 668 771
Paul Teasdale, Chief Executive Officer
Numis Securities +44 (0) 207 260 1000
Stuart Skinner / Kevin Cruickshank / Michael Burke
Hudson Sandler +44 (0)207 796 4133
Charlie Jack
About PTSG - www.ptsg.co.uk
Premier Technical Services Group PLC is the UK's leading
provider of façade access and fall arrest equipment services,
lightning protection and electrical testing, high-level cleaning
and training solutions.
Operating through four divisions, Access & Safety,
Electrical Services, High Level Cleaning and Training Solutions,
the Group provides highly-engineered industrial products and
quality services and has a substantial presence in a number of
niche markets.
PTSG provides a central information service for its businesses
and champions the dissemination of key information and best
practice. PTSG unites its constituent businesses under one clear
identity, which supports smarter working and delivers top class
service to its customers.
Headquartered in Castleford, West Yorkshire, the Group employs
more than 450 people across 16 UK sites, who service more than
150,000 buildings across the whole of the UK for over 15,000
customers in a wide range of industries. The Company is listed on
the LSE AIM (PTSG.L)
IMPORTANT NOTICE
NOT FOR RELEASE, PUBLICATION, OR DISTRIBUTION IN WHOLE OR IN
PART IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA,
JAPAN, NEW ZEALAND, REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH
AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO
DO SO.
THE DISTRIBUTION OF THIS ANNOUNCEMENT (INCLUDING THE APPENDIX)
TOGETHER THE "ANNOUNCEMENT") AND THE OFFERING OF THE PLACING SHARES
IN CERTAIN JURISDICTIONS MAY BE RESTRICTED OR PROHIBITED BY LAW OR
REGULATION. PERSONS DISTRIBUTING THIS ANNOUNCEMENT (INCLUDING THE
APPENDIX) MUST SATISFY THEMSELVES THAT IT IS LAWFUL TO DO SO. NO
ACTION HAS BEEN TAKEN BY THE COMPANY OR NUMIS SECURITIES LTD
("NUMIS") THAT WOULD PERMIT AN OFFERING OF SUCH SHARES OR
POSSESSION OR DISTRIBUTION OF THIS ANNOUNCEMENT (INCLUDING THE
APPENDIX) OR ANY OTHER OFFERING OR PUBLICITY MATERIAL RELATING TO
SUCH SHARES IN ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS
REQUIRED. PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT
(INCLUDING THE APPENDIX) COMES ARE REQUIRED BY THE COMPANY AND
NUMIS TO INFORM THEMSELVES ABOUT, AND TO OBSERVE, SUCH
RESTRICTIONS.
MEMBERS OF THE PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE
PLACING. THIS ANNOUNCEMENT AND THE TERMS AND CONDITIONS CONTAINED
HEREIN ARE FOR INFORMATION PURPOSES ONLY AND ARE DIRECTED ONLY AT:
(A) PERSONS IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA WHO ARE
QUALIFIED INVESTORS AS DEFINED IN SECTION 86(7) OF THE FINANCIAL
SERVICES AND MARKETS ACT 2000, AS AMENDED, ("FSMA") ("QUALIFIED
INVESTORS") BEING PERSONS FALLING WITHIN THE MEANING OF ARTICLE
2(1)(E) OF THE EU PROSPECTUS DIRECTIVE (WHICH MEANS DIRECTIVE
2003/71/EC AND INCLUDES ANY RELEVANT IMPLEMENTING DIRECTIVE MEASURE
IN ANY MEMBER STATE) (THE "PROSPECTUS DIRECTIVE"); AND (B) IN THE
UNITED KINGDOM, TO QUALIFIED INVESTORS WHO ARE PERSONS WHO (I) HAVE
PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING
WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000
(FINANCIAL PROMOTION) ORDER 2005 (THE "ORDER"); (II) FALL WITHIN
ARTICLE 49(2) (A) TO (D) ("HIGH NET WORTH COMPANIES, UNINCORPORATED
ASSOCIATIONS, ETC") OF THE ORDER; OR (III) ARE PERSONS TO WHOM IT
MAY OTHERWISE BE LAWFULLY COMMUNICATED (ALL SUCH PERSONS IN (A) OR
(B) TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS").
THIS ANNOUNCEMENT HAS BEEN ISSUED BY AND IS THE SOLE
RESPONSIBILITY OF THE COMPANY.
THIS ANNOUNCEMENT INCLUDES STATEMENTS, ESTIMATES, OPINIONS AND
PROJECTIONS WITH RESPECT TO ANTICIPATED FUTURE PERFORMANCE OF THE
GROUP ("FORWARD-LOOKING STATEMENTS") WHICH REFLECT VARIOUS
ASSUMPTIONS CONCERNING ANTICIPATED RESULTS TAKEN FROM THE GROUP'S
CURRENT BUSINESS PLAN OR FROM PUBLIC SOURCES WHICH MAY OR MAY NOT
PROVE TO BE CORRECT. THESE FORWARD LOOKING STATEMENTS CAN BE
IDENTIFIED BY THE USE OF FORWARD LOOKING TERMINOLOGY, INCLUDING THE
TERMS 'ANTICIPATES', 'TARGET', 'BELIEVES', 'ESTIMATES', 'EXPECTS',
'INTENDS', 'MAY', 'PLANS', 'PROJECTS', 'SHOULD' OR 'WILL', OR, IN
EACH CASE, THEIR NEGATIVE OR OTHER VARIATIONS OR COMPARABLE
TERMINOLOGY OR BY DISCUSSIONS OF STRATEGY, PLANS, OBJECTIVES,
GOALS, FUTURE EVENTS OR INTENTIONS. SUCH FORWARD-LOOKING STATEMENTS
REFLECT CURRENT EXPECTATIONS BASED ON THE CURRENT BUSINESS PLAN AND
VARIOUS OTHER ASSUMPTIONS AND INVOLVE SIGNIFICANT RISKS AND
UNCERTAINTIES AND SHOULD NOT BE READ AS GUARANTEES OF FUTURE
PERFORMANCE OR RESULTS AND WILL NOT NECESSARILY BE ACCURATE
INDICATIONS OF WHETHER OR NOT SUCH RESULTS WILL BE ACHIEVED. AS A
RESULT, PROSPECTIVE INVESTORS SHOULD NOT RELY ON SUCH
FORWARD-LOOKING STATEMENTS DUE TO THE INHERENT UNCERTAINTY THEREIN.
NO REPRESENTATION OR WARRANTY IS GIVEN AS TO THE COMPLETENESS OR
ACCURACY OF THE FORWARD-LOOKING STATEMENTS CONTAINED IN THIS
ANNOUNCEMENT. FORWARD-LOOKING STATEMENTS SPEAK ONLY AS OF THE DATE
OF SUCH STATEMENTS AND, EXCEPT AS REQUIRED BY APPLICABLE LAW,
NEITHER THE COMPANY NOR NUMIS ASSUMES ANY RESPONSIBILITY OR
OBLIGATION TO UPDATE OR REVISE PUBLICLY ANY FORWARD-LOOKING
STATEMENTS, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS
OR OTHERWISE. NO STATEMENT IN THIS ANNOUNCEMENT IS INTENDED TO BE A
PROFIT FORECAST AND NO STATEMENT IN THIS ANNOUNCEMENT SHOULD BE
INTERPRETED TO MEAN THAT EARNINGS PER SHARE OF THE COMPANY FOR THE
CURRENT OR FUTURE FINANCIAL YEARS WOULD NECESSARILY MATCH OR EXCEED
THE HISTORICAL PUBLISHED EARNINGS PER SHARE OF THE COMPANY.
THIS ANNOUNCEMENT (INCLUDING THE APPENDIX) AND THE TERMS AND
CONDITIONS SET OUT HEREIN MUST NOT BE ACTED ON OR RELIED ON BY
PERSONS WHO ARE NOT RELEVANT PERSONS. PERSONS DISTRIBUTING THIS
ANNOUNCEMENT MUST SATISFY THEMSELVES THAT IT IS LAWFUL TO DO SO.
ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT
(INCLUDING THIS APPENDIX) AND THE TERMS AND CONDITIONS SET OUT
HEREIN RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE
ENGAGED IN ONLY WITH RELEVANT PERSONS. THIS ANNOUNCEMENT (INCLUDING
THE APPENDIX) AND THE TERMS AND CONDITIONS SET OUT HEREIN MUST NOT
BE ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS.
PERSONS DISTRIBUTING THIS ANNOUNCEMENT MUST SATISFY THEMSELVES THAT
IT IS LAWFUL TO DO SO. ANY INVESTMENT OR INVESTMENT ACTIVITY TO
WHICH THIS ANNOUNCEMENT (INCLUDING THIS APPENDIX) AND THE TERMS AND
CONDITIONS SET OUT HEREIN RELATES IS AVAILABLE ONLY TO RELEVANT
PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS.
THIS ANNOUNCEMENT IS NOT FOR PUBLICATION OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA.
THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE INTO THE
UNITED STATES. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND
WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS
AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITES STATES,
EXCEPT PURSUANT TO AN APPLICABLE EXEMPTION FROM REGISTRATION. NO
PUBLIC OFFERING OF SECURITIES IS BEING MADE IN THE UNITED
STATES.
THIS ANNOUNCEMENT (INCLUDING THIS APPENDIX) IS FOR INFORMATION
PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER FOR SALE OR
SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY. EACH PLACEE SHOULD
CONSULT WITH ITS OWN ADVISERS AS TO LEGAL, TAX, BUSINESS AND
RELATED ASPECTS OF AN INVESTMENT IN PLACING SHARES.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION WHICH IS DISCLOSED
IN ACCORDANCE WITH THE MARKET ABUSE REGULATION WHICH CAME INTO
EFFECT ON 3 JULY 2016.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLLFFLDLISIID
(END) Dow Jones Newswires
July 04, 2017 07:25 ET (11:25 GMT)
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