Vordere PLC Issue of Offer Ordinary Shares (6844O)
22 August 2017 - 10:28PM
UK Regulatory
TIDMVOR
RNS Number : 6844O
Vordere PLC
22 August 2017
22 AUGUST 2017
VORDERE PLC
("Vordere" or the "Company)
Issue of Offer Ordinary Shares
Further to the announcement of the Company dated 7 July 2017 and
the publication of the prospectus setting out details of, inter
alia, the offer for subscription, the Company is pleased to
announce that it has today allotted 11,764,706 Offer Ordinary
Shares of nominal value GBP0.02 in the capital of the Company at a
price of GBP0.17 per share ("Share Allotment") in exchange for
subscriptions equal to GBP2,000,000 to GFG Property Fund Limited
("GFG"). Nicholas Hofgren is a director of both the Company and
GFG. Following this Share Allotment, GFG will hold 42,857,511
shares which is 23.5% of the enlarged total issued share capital of
the Company.
The Company's total issued share capital as of the date of this
announcement is 170,491,541 with a nominal value of GBP0.02 each.
The Company does not hold any shares in Treasury. Therefore, the
total number of voting rights in the Company is 170,491,541.
Following the Share Allotment, the issued share capital will be
182,256,247 shares.
The "Offer Ordinary Shares", are defined in the prospectus
http://vordere.com/investor-relations/prospectus/.
Application will be made for the Offer Ordinary Shares to be
admitted to the standard segment of the Official List and to
trading on the London Stock Exchange's main market for listed
securities. It is expected that admission will become effective and
that unconditional dealings will commence on the London Stock
Exchange within five business days of date of allotment.
For further information, please visit www.vordere.com or contact
the following:
Vordere PLC
+44 (0)20 3872
Azima Musayeva 7325
Peterhouse Corporate Finance
Limited +44 (0) 20 7220
Lucy Williams / Duncan Vasey 9797
LEI number of Vordere Plc: 213800VALWEYWTLOX423
Classification: Announcement made pursuant to 6.1.13R of the FCA
Disclosure and Transparency Rules
This information is provided by RNS
The company news service from the London Stock Exchange
END
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