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Results of Open Offer

5th Mar 2013 15:59

RNS Number : 2987Z
Communisis PLC
05 March 2013
 



5 March 2013

 

NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, NEW ZEALAND OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

 

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF ANY OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY NEW ORDINARY SHARES, NOR SHALL IT (OR ANY PART OF IT), OR THE FACT OF ITS DISTRIBUTION, FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH OR ACT AS ANY INDUCEMENT TO ENTER INTO, ANY CONTRACT OR COMMITMENT WHATSOEVER WITH RESPECT TO THE FIRM PLACING, PLACING AND OPEN OFFER OR OTHERWISE.

 

Any investment decision must be made exclusively on the basis of the prospectus published by Communisis plc on 14 February 2013 (incorporating a circular for the purposes of the Listing Rules) (the "Prospectus") and any supplement thereto In connection with the admission of new ordinary shares of the Company to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities.

 

Communisis plc

("Communisis" or the "Company")

 

 

Results of Open Offer

 

 

Firm Placing of 37,500,000 New Ordinary Shares and

Placing and Open Offer of 12,500,000 New Ordinary Shares at a price of 40 pence per share

 

 

On 14 February 2013, the Company announced details of a proposed share issue to raise gross proceeds of £20 million through a Firm Placing and Placing and Open Offer of 50,000,000 New Ordinary Shares at a price of 40 pence per Ordinary Share pursuant to the terms of the Company's prospectus dated 14 February 2013 (the "Prospectus").

 

The Open Offer closed for acceptances at 11.00 a.m. on 4 March 2013. The Company is pleased to announce that valid applications have been received from Qualifying Shareholders under the Open Offer for 5,119,130 New Ordinary Shares, representing 40.95 per cent. of the total number of Ordinary Shares offered to Shareholders pursuant to the Open Offer. All such valid applications will be satisfied in full. The balance of New Ordinary Shares not taken up by Shareholders under the Open Offer, being 7,380,870 have been placed with certain institutional investors.

 

The Issue remains conditional upon Admission becoming effective on or before 8.00 a.m. on 6 March 2013 (or such later date and/or time as the Company, Nplus1 Singer Advisory LLP and Cenkos Securities plc may agree, subject to the terms of the Prospectus).

 

Application has been made to the UK Listing Authority for the New Ordinary Shares proposed to be issued in connection with the Firm Placing and Placing and Open Offer to be admitted to the Official List maintained by the UK Listing Authority and to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on its Main Market for listed securities. It is expected that Admission of the New Ordinary Shares will become effective, and that dealings in the New Ordinary Shares will commence, at 8.00 a.m. tomorrow, 6 March 2013. It is expected that CREST accounts will be credited on 6 March 2013 and share certificates will be dispatched on or around 14 March 2013.

This announcement should be read in conjunction with the full text of the Prospectus, copies of which are available on the Company's website (www.communisis.com). Capitalised terms in this announcement have the meanings given to them in the Definitions section of the Prospectus.

 

For further information please contact:

 

Communisis plc

020 7382 8952

Andy Blundell / Nigel Howes

FTI Consulting

020 7831 3113

Matt Dixon / Clare Thomas

N+1 Singer

Sandy Fraser

0131 529 0272

Richard Lindley

0113 388 4789

Cenkos Securities

020 7397 8900

Ivonne Cantu

Alex Aylen

 

Nplus1 Singer Advisory LLP

 

Nplus1 Singer Advisory LLP, which is a member of the London Stock Exchange, is authorised and regulated in the UK by the Financial Services Authority, is acting as sponsor, financial adviser and joint broker to Communisis plc in connection with the proposed Fundraising and Admission. Nplus1 Singer Advisory LLP is acting exclusively for Communisis plc in connection with the Fundraising and Admission and no one else. Nplus1 Singer Advisory LLP will not be responsible to anyone other than Communisis plc for providing the protections afforded to clients of Nplus1 Singer Advisory LLP nor for advising any other person on the transactions and arrangements described in this announcement or the Prospectus. No representation or warranty, express or implied, is made by Nplus1 Singer Advisory LLP as to any of the contents of this announcement or the Prospectus. Apart from the liabilities and responsibilities, if any, which may be imposed on Nplus1 Singer Advisory LLP by the Financial Services and Markets Act 2000 or the regulatory regime established under it, Nplus1 Singer Advisory LLP accepts no responsibility whatsoever for the contents of this announcement or the Prospectus or for any other statement made or purported to be made by it or on its behalf in connection with Communisis plc, the Existing Ordinary Shares, the New Ordinary Shares, the Fundraising or Admission. Nplus1 Singer Advisory LLP accordingly disclaims all and any liability whatsoever whether arising in tort or contract or otherwise (save as referred to above) which it might otherwise have in respect of this announcement or the Prospectus or any such statement.

 

Cenkos Securities plc

 

Cenkos Securities plc, which is a member of the London Stock Exchange, is authorised and regulated in the UK by the Financial Services Authority, and is acting as joint broker to Communisis plc in connection with the Firm Placing and the Placing. Cenkos Securities plc is acting exclusively for Communisis plc in connection with the Firm Placing and the Placing and no one else. Cenkos Securities plc will not be responsible to anyone other than Communisis plc for providing the protections afforded to clients of Cenkos Securities plc nor for advising any other person on the transactions and arrangements described in this announcement or the Prospectus. No representation or warranty, express or implied, is made by Cenkos Securities plc as to any of the contents of this announcement or the Prospectus. Apart from the liabilities and responsibilities, if any, which may be imposed on Cenkos Securities plc by the Financial Services and Markets Act 2000 or the regulatory regime established under it, Cenkos Securities plc accepts no responsibility whatsoever for the contents of this announcement or the Prospectus or for any other statement made or purported to be made by it or on its behalf in connection with Communisis plc, the Existing Ordinary Shares, the New Ordinary Shares, the Fundraising or Admission. Cenkos Securities plc accordingly disclaims all and any liability whatsoever whether arising in tort or contract or otherwise (save as referred to above) which it might otherwise have in respect of this announcement or the Prospectus or any such statement.

 

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