6 Mar 2017 17:14
6 March 2017
ATTRAQT Group plc
("ATTRAQT", the "Group" or the "Company")
RESULT OF OPEN OFFER, RESULT OF GENERAL MEETING, POSTING OF REPORT AND ACCOUNTS AND SUPPLEMENTARY ADMISSION DOCUMENT
AND
TOTAL VOTING RIGHTS
On 15 February 2017 ATTRAQT Group plc (AIM: ATQT), a leading provider of onsite search, online merchandising and eCommerce personalisation technology, announced that it had posted an admission document relating to the conditional acquisition of Fredhopper BV ("Fredhopper") (the "Acquisition"), which also set out the terms and conditions of an open offer launched on 16 February 2017 (the "Open Offer").
Results of Open Offer
The Company has received valid acceptances in respect of 764,249 Open Offer Shares from Qualifying Shareholders pursuant to the Open Offer, which closed at 11am on 3 March 2017. This represents approximately 25.53 per cent. of the Open Offer Shares available under the terms of the Open Offer. In addition, a further 90,000 Ordinary Shares will be issued conditional on Admission under a separate subscription (the "Subscription").
Result of general meeting
The Company announces that at a general meeting held earlier today all resolutions were passed.
Posting of report and accounts
The Company's report and accounts for the year ended 31 December 2016 (the "Accounts") has been posted to shareholders.
Supplemental admission document and admission
Pursuant to the AIM Rules for Companies, and as a result of the Acquisition constituting a reverse takeover, trading in the Ordinary Shares of the Company was suspended with effect from 30 January 2017.
The admission document posted on 15 February 2017 did not contain audited financial statements for Fredhopper for the three financial years ending 31 December 2016. In consequence, a supplementary admission document will shortly been published containing audited financial statements on Fredhopper for the three financial years ended 31 December 2016 (the "Supplemental Admission Document"). Accordingly, an application has been made for trading in the Enlarged Share Capital to resume with effect from 8:00 am on 8 March 2017 ("Admission"). The trade date for Placees participating in the Placing is 7 March 2017 with settlement on 8 March 2017.
Total voting rights
Pursuant to the Placing, Open Offer and Subscription, the Company will issue, conditional on Admission, a total of 79,426,249 new Ordinary Shares (the "New Shares").
Following Admission, the Company will have a total of 106,368,589 Ordinary Shares of 1p each in issue. 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. The Company does not hold any shares in treasury.
The Accounts are available to download from the Company's website, www.attraqt.com, in accordance with AIM Rule 20. The Supplemental Admission Document, when published, will also be available for download from the same site.
Unless otherwise defined, terms defined in this announcement have the meaning ascribed to them in Company's announcement on 30 January 2017.
For further information, please contact:
ATTRAQT Group plc | via Newgate |
André Brown, CEO | |
Mark Johnson, CFO | |
N+1 Singer | Tel: 020 7496 3000 |
Shaun Dobson, Lauren Kettle, Alex Price | |
Newgate | Tel: 020 7680 6550 |
Adam Lloyd, Charlotte Coulson, Sophie O'Donoghue | |
About ATTRAQT and Fredhopper
ATTRAQT Group plc specialises in onsite search, online merchandising and eCommerce personalisation. Following ATTRAQT's acquisition of Fredhopper in 2017, the Enlarged Group has two product offerings: Freestyle Merchandising and Fredhopper and has a combined client base of around 250 clients, including Tesco Clothing (part of Tesco Plc (LSE: TSCO)), boohoo.com (LSE: BOO) and Superdry (LSE: SGP). The Enlarged Group has market presence in the UK, Continental Europe, the US and ANZ. For more information please visit: http://attraqt.com/