The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
What is happening?
Cap-XX PLC have announced their intention to raise £2.5m via a placing for institutional investors and a retail offer for individual investors.
Cap-XX PLC have decided not to issue a prospectus as part of the fundraising. This means that the Offer has been limited to the sterling equivalent of €8 million and will only be open for a very short period. It also means that information relating to the fundraising is limited to the Company announcement.
• Applications are due to close at 4pm on 4 May but may close early and without warning.
• Shares are being offered at a fixed price of 1.3p.
• By applying for shares in the Offer you are deemed to have read, understood and agreed to the HL Retail Offer Terms and Conditions, HL Retail Offer Risk Warning and the Company Announcement. These documents can be found in the Secure Messaging Centre of your online account.
• Hargreaves Lansdown will receive 0.5% commission on the total allocation from the issuer as part of the Offer.
What are my options?
Option 1 – Do nothing. If you do not apply for shares by the deadline of 4pm on 4 May, the Offer will lapse.
Option 2 – You can purchase new shares.
The easiest way to take part is on our website. We can’t accept instructions by post or the HL app.
1. Log in online at www.hl.co.uk
2. Select your Fund and Share.
3. Check you have enough available cash. If not, you can top up online or realise cash from your existing investments.
4. Click the dark-blue icon to the right of your holding and follow the steps on-screen.
If you don’t want to buy more shares, you don’t need to do anything.
When do I have to decide by?
Any instruction to participate in the Offer must be received by 4pm on 4 May. Due to the nature of the fundraising, applications can close at anytime and without prior warning.
Full details of this event will be sent to qualifying Hargreaves Lansdown clients by secure message.
Please note that any instruction you give must be based on the full details provided and not on the summary information outlined above.
What happens after I apply?
If you apply for shares you will receive two further secure messages. The first will confirm your application and be sent shortly after 5pm on 4 May. The second will confirm how many shares you have been allocated; this will be sent on 5 May.
You can view your application in the pending orders tab of your online account from 5 May.
Your shares will be credited to your Fund and Share shortly before 8am on 5 May, which may be delayed in the event the company does not deliver your shares to us by this time.
To assist the Company during the allocation process, we may be required to disclose the number of Cap-XX PLC shares you hold with Hargreaves Lansdown. We will do this by calculating the shares held in your Hargreaves Lansdown account