85.65%. of the Open Offer accepted8 Sep 2009 08:52
- On Aug. 20, the Board announced its intention to raise gross proceeds of GBP69.2 million by way of a Firm Placing and Placing and Open Offer of New Ordinary Shares in the company.
-The Parkdev Firm Placees agreed to subscribe for 89,000,000 Parkdev Firm Placed Shares at a Parkdev Firm Placing Price of 26.4 pence per New Ordinary Share.
-Firm Placees agreed to subscribe for 47,565,955 Firm Placed Shares at a Firm Placing Price of 24 pence per New Ordinary Share.
-The 142,697,866 Open Offer Shares were subject to clawback in respect of valid applications by Qualifying Shareholders at the Open Offer Issue Price of 24 pence per New Ordinary Share under the Open Offer.
-The Parkdev Firm Placed Shares and the Firm Placed Shares were not subject to clawback and were not part of the Open Offer.
-The Open Offer closed for acceptance at 1000 GMT on September 4.
-This represents approximately 85.65%. of the Open Offer Shares offered.
-The remaining 20,473,074 Open Offer Shares, representing 14.35%. of the Open Offer Shares, have been allocated to conditional placees with whom they had been conditionally placed.