16 Feb 2017 07:56
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (INCLUDING PUERTO RICO, THE US VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS) OR IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.
Atlas Mara Limited16 February 2017
Placing of ordinary shares
Atlas Mara Limited (the "Company") has successfully agreed to raise funds equivalent to approximately 9.99 per cent. of the Company's current issued share capital, by way of a placing of ordinary shares to a number of existing investors in the Company (the "Placing").
A total of 7,034,934 new ordinary shares of no par value in the Company (the "Placing Shares"), representing approximately 9.99 per cent. of the Company's existing issued ordinary share capital, have been placed at a price of $1.9125 per Placing Share, raising gross proceeds of approximately $13,454,310.
Applications have been made for admission of the Placing Shares to listing on the official list of the UK Listing Authority and to trading on the regulated market of the London Stock Exchange plc (together "Admission"). It is expected that Admission will take place by 11:00 a.m. on 22 February 2017, at which time dealings in the Placing Shares will commence.
The Placing Shares, when issued, will be fully paid and will rank pari passu in all respects with the existing ordinary shares of no par value each in the Company including the right to receive all dividends and other distributions declared, made or paid after the date of issue of the Placing Shares.
The proceeds of the Placing will be used by the Company to support the operational growth of the Company through the rollout and expansion of the Company's global markets and treasury business, scaling up its digital finance business, and for general corporate purposes.
The Company expects its 2016 full year earnings to be broadly in line with market expectations.
The Company also announces that Robert E. Diamond, Jr, Chairman and certain members of senior management, have participated in the Placing:
Name | Number of Ordinary Shares held prior to Placing | Number of Placing Shares purchased | Number of Ordinary Shares held following Placing | % |
Robert E. Diamond, Jr | 1,754,032 | 784,314 | 2,538,346 | 3.28 |
Participating Senior Management | 116,465 | 194,685 | 311,150 | 0.40 |
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014. The information set out below is provided in accordance with the requirements of Article 19(3) of that Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name | Robert E. Diamond, Jr | ||||
2
| Reason for the notification | |||||
a)
| Position/status | Chairman | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name
| Atlas Mara Limited | ||||
b)
| LEI
| N/A | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a)
| Description of the financial instrument, type of instrument
Identification code | Ordinary shares of no par value
ISIN: VGG0697K1066
| ||||
b)
| Nature of the transaction | Subscription for new ordinary shares | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
n/a
| ||||
e)
| Date of the transaction | 15 February 2017 | ||||
f)
| Place of the transaction | Outside of trading venue | ||||
Total voting rights
Following Admission, the Company will have 83,092,069 ordinary shares in issue, of which 2,339,080 are held in treasury and 3,298,298 shares are held in escrow as part of the contingent consideration for the acquisition of Finance Bank Zambia Limited, as disclosed to the market on 1 July 2016.
Therefore, the Company hereby confirms that the total number of voting rights in the Company is 77,454,691. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Contact Details
InvestorsJohn-Paul Crutchley, +971 4 275 6000Kojo Dufu, +1 212 883 4330
MediaTeneo Blue Rubicon, +44 (20) 7260 2700Anthony Silverman
About Atlas Mara
Atlas Mara Limited (LON: ATMA) is a financial services institution listed on the London Stock Exchange. Its vision is to create sub-Saharan Africa's premier financial services institution through organic and inorganic growth by combining the best of global institutional knowledge with extensive local insights. With a presence in seven sub-Saharan countries, Atlas Mara aims to be a positive disruptive force in the markets in which we operate by leveraging technology to provide innovative and differentiated product offerings, excellent customer service and accelerate financial inclusion in the countries in which the Company operates. For more information, visit www.atlasmara.com.