Placing 9p24 Jan 2024 07:18
The Placing will be conducted at a price of 9.0 pence per Ordinary Share (the "Issue Price"). The Issue Price represents a discount of 11.1 per cent. to Verici's closing mid-price on 23 January 2024 (being the last practicable day prior to the publication of this Announcement).
The Placing will involve the issue of not less than 61,111,111 new Ordinary Shares (the "Placing Shares"), representing at least 35.9 per cent. of the existing issued ordinary share capital of the Company.
In addition to the Placing, it is proposed that there will be a separate conditional retail offer to existing Shareholders via the BookBuild Platform (the "Retail Offer" and, together with the Placing, the "Fundraising") to raise further proceeds for the Company at the Issue Price via the issue of further new Ordinary Shares (the "Retail Offer Shares", together with the Placing Shares, the "New Ordinary Shares"). The Retail Offer aims to provide existing retail Shareholders in the Company with an opportunity to participate in the Fundraising.