15th Nov 2017 07:00
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.
Results of Entitlement OfferSydney: 15 November 2017
eServGlobal Limited (AIM: ESG, ASX: ESV) ("eServGlobal" or the "Company")
eServGlobal is pleased to announce the successful completion of the retail component ("Retail Offer") of its 1 for 3 accelerated non-renounceable entitlement offer ("Entitlement Offer").
Completion of the Retail Offer represents the second stage of the Company's approximately £24.0 million Fundraising, announced on 20 October 2017.
The institutional component of the Entitlement Offer ("Institutional Offer") closed on 20 October 2017, as announced on the ASX and AIM on the same day and raised approximately £15.8 million.
The Retail Offer was strongly supported by the Company's retail shareholders. The Company received valid applications from Qualifying Holders for approximately 28,237,312 shares ("Retail Offer Shares") (approximately £2.54 million) representing 74.92% of the Retail Offer.
The approximately 9,450,634 New Ordinary Shares not taken up by Qualifying Holders under the Retail Offer have been allocated to the institutional investor who has agreed to subscribe for these Retail Offer Shares in the Clawback Placing ("Clawback Placing Shares").
It is expected that admission of the 28,237,312 Retail Offer Shares and the 9,450,634 Clawback Placing Shares in the form of Depository Interests on AIM will take place at 8.00 a.m. on 20 November 2017 in accordance with the published timetable for the Entitlement Offer ("Admission"). Following Admission, the Company will have 906,850,662 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights will therefore be 906,850,662. This figure may 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.
Directors' shareholdings
The following Directors and their PCAs made applications to subscribe for, in aggregate 721,399 Retail Offer Shares, as detailed in the table below:
Director | Number of Retail Offer Shares subscribed for | Total shares held following Admission | Resultant Holding (%) |
John Conoley | 221,962 | 1,596,638 | 0.17 |
Fiona Conoley (spouse of John Conoley) | 110,855 | 636,590 | 0.07 |
Total (held directly and indirectly by John Conoley) | 332,817 | 2,233,228 | 0.25 |
Stephen Baldwin | 388,582 | 1,554,332 | 0.17 |
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | John Conoley | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Director | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | eServGlobal Ltd | ||||
b) | LEI | n/a | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Depository interests | ||||
Identification code | AU0000ESVAR5 | |||||
b) | Nature of the transaction | Subscription for Depository Interests | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price | In relation to Mr. Conoley, 221,962 depository interests of no par value purchased at 9 pence per depository interest. In relation to Mrs. Conoley, 110,855 depository interests of no par value purchased at 9 pence per depository interest. | ||||
e) | Date of the transaction | 10 November 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
5. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Stephen Baldwin | ||||
6. | Reason for the Notification | |||||
a) | Position/status | Director | ||||
b) | Initial notification/Amendment | Initial notification | ||||
7. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | eServGlobal Ltd | ||||
b) | LEI | n/a | ||||
8. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Ordinary Fully Paid Shares | ||||
Identification code | AU0000ESVAR5 | |||||
b) | Nature of the transaction | Subscription for Ordinary Fully Paid Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price | 388,582 ordinary fully paid shares of no par value purchased at A$0.15 per share. | ||||
e) | Date of the transaction | 10 November 2017 | ||||
f) | Place of the transaction | Australian Securities Exchange (ASX) | ||||
All capitalised terms in this announcement and not otherwise defined shall have the meaning given to them in the Retail Offer Booklet dated 27 October 2017.
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
Enquiries:
eServGlobal | www.eservglobal.com |
Tom Rowe, Company Secretary Alison Cheek, VP Corporate Communications Andrew Hayward, Chief Financial Officer | |
finnCap Ltd (Nomad and Broker)Corporate Finance Jonny Franklin-Adams / Anthony Adams / Hannah Boros Corporate Broking Tim Redfern/ Richard Chambers | www.finnCap.comT: +44 (0) 20 7220 0500 |
Veritas Securities Limited, Joint Broker (Australia) Robert Scappatura | +61 2 8252 3200 |
Alma PR (Financial Public Relations) Hilary Buchanan / John Coles | www.almapr.co.uk T: +44 (0) 208 004 4218 |
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