RE: Spiked??5 Apr 2022 11:53
6p placing being flushed as per RNS of 11 Feb 2022:
11 February 2022
Osirium Technologies plc
("Osirium" or the "Company")
Proposed placing and subscription to raise £1 million and Notice of General Meeting
Osirium Technologies plc (AIM: OSI), a leading vendor of cloud-based cybersecurity software, is pleased to announce that it has conditionally raised £1 million before expenses by way of:
· a placing of 10,592,618 new ordinary shares of 1p each in the capital of the Company (the "Placing Shares"), at a price of 6 pence per share (the "Issue Price") to raise £635,557 (before expenses) (the "Placing"); and
· an issue of 6,074,049 new ordinary shares of 1p each in the capital of the Company (the "Subscription Shares") to certain individuals including a number of Directors of the Company (including their families) and a member of senior management at the Issue Price to raise £364,443 (the "Subscription").
The Issue Price represents a discount of 40 per cent. to the closing mid-market share price of an existing ordinary share of 1p each in the capital of the Company ("Ordinary Shares") on 10 February 2022, being the last business day prior to this announcement.
The Placing will be carried out in two tranches:
· 5,175,950 Placing Shares (the "First Placing Shares") will be allotted and issued utilising the Company's existing share allotment authorities granted at its 2021 annual general meeting held on 22 July 2021 (the "2021 AGM"); and
· 5,416,668 Placing Shares (the "Second Placing Shares") to be allotted and issued conditional, inter alia, upon the passing of the resolution to grant authority to the Directors to allot new Ordinary Shares otherwise than on a pre-emptive basis at the Company's General Meeting expected to be held at 11.00 am on 7 March 2022 (the "General Meeting").
The allotment and issue of the First Placing Shares will not be conditional upon the passing of the proposed resolution to be considered at the General Meeting or the allotment and issue of the Second Placing Shares.
The allotment and issue of the Subscription Shares will be conditional upon the passing of the proposed resolution to be considered at the General Meeting and the allotment and issue of the Second Placing Shares.
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