RE: New article21 Jan 2018 15:24
From the Admission Document...
13.3 Placing Agreement and Subscription Agreements
On 15 December 2017, the Company, Smith & Williamson, Hannam and Shore Capital entered into
the Placing Agreement pursuant to which, conditional upon, inter alia, Completion occurring and
Admission taking place on or before 4 January 2018 (or such later date as the Company, Smith &
Williamson, Hannam and Shore Capital may agree, being not later than 18 January 2018), Hannam
and Shore Capital have agreed to use their reasonable endeavours to procure Placees for 25,662,846
of the Placing Shares at the Placing Price. The Placing Agreement contains indemnities and warranties
from the Company in favour Smith & Williamson, Hannam and Shore Capital together with provisions
which enable Smith & Williamson, Hannam and Shore Capital to terminate the Placing Agreement in
certain circumstances prior to Admission including circumstances where any of the warranties are
found to be untrue or inaccurate in any material respect. The Company has agreed to pay Hannam
and Shore Capital an aggregate commission of 5�per cent. of the aggregate value, at the Placing Price
of the Placing Shares placed with investors procured by each of them.
On on or around 12 December 2017, the Company entered into subscription agreements with certain
investors pursuant to which, conditional upon the Resolutions having been passed at the General
Meeting and Admission taking place on or before 4 January 2018 (or such later date as the parties
may agree, being 18 January 2018), the investors have agreed to subscribe for 10,728,566 Placing
Shares at the Placing Price.
OK will be decided on the 31st January if that will go ahead......
The website shows all ii s which have 3%or more as directed by the rules
Sign In
Follow the stocks
