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Placing Update: Exercise of Broker Option

5th May 2016 07:00

RNS Number : 2852X
Be Heard Group PLC
05 May 2016
 

5 May 2016

 

Be Heard Group plc

 

Placing Update: Exercise of Broker Option

Be Heard (the "Company", AIM: BHRD), the digital marketing group, announces that further to the Placing announced on 22 April 2016, Numis Securities Limited has exercised the Broker Option in respect of 3,590,769 new Ordinary Shares (the "Broker Option Shares").

The Broker Option Shares are being issued at a price of 3.25p per Broker Option Share (being equal to the Placing Price) and will be issued on the same terms and conditions as the Placing Shares pursuant to the Placing. All of the proceeds of £116,700 arising from the issue of the Broker Option Shares will, after deduction of commissions and expenses, be received by the Company.

Application will be made to the London Stock Exchange for the 3,590,769 Broker Option Shares to be admitted to trading on AIM. Admission of the Broker Option Shares to trading on AIM is expected to take place at 8.00am on 10 May 2016, at the same time as the Admission of the Placing Shares.

Capitalised terms used in this announcement have the meanings given to them in the announcement of the Placing dated 22 April 2016.

For further information, please contact:

Enquiries

Be Heard Group plc

Peter Scott, Executive Chairman

Robin Price, Group Financial Director

020 3667 8877

 

Numis (Financial Advisor)

Nick Westlake / Kevin Cruickshank (Nominated Advisor)

James Black (Corporate Broker)

020 7260 1000

Bell Pottinger (Financial PR)

Zoë Pocock

Molly Stewart

020 3772 2574

[email protected]

 

About Be Heard Group plc

 

Be Heard Group plc (BHRD.L) is a digital marketing group operating at the intersection of marketing, technology and e-commerce. Our vision is to build an agile interconnected group focused on helping clients maximise their return on investment from digital marketing. To achieve this, we will acquire and connect best-in-class companies spanning the core digital marketing disciplines, providing management experience, access to deeper resources and a strong platform for growth.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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