Last checked at 7 Oct 2016 11:18
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW COMMON SHARES OF EUROPEAN WEALTH GROUP LIMITED IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.
7 October 2016
European Wealth Group Limited
("European Wealth", or "the Group" or "the Company")
RESULTS OF FUNDRAISING AND DIRECTORS' DEALINGS
Following an announcement earlier today, European Wealth (AIM: EWG, EWGL), the integrated financial planning and wealth management group, is delighted to announce that it has it has raised £291,100 through a direct share subscription by investors to the Company for 582,200 new Ordinary Shares at a price of 50.0 pence per Ordinary Share (the "Subscription Shares").
Application will be made for the Subscription Shares to be admitted to trading on AIM. It is expected that the dealings in these new Ordinary Shares will commence on AIM on or around the 13 October 2016 ("Admission").
Following Admission, the Company will have in issue 25,392,681 Ordinary Shares (the "Enlarged Issued Share Capital"). The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company will be 25,392,681.
As part of the fundraising, Kenneth ("Buzz") West, Non-executive Chairman of the Company, has subscribed for 20,000 Subscription Shares at a price of 50.0 pence per Ordinary Share. Following the purchase, Buzz West has a beneficial interest of 346,306 Ordinary Shares representing 1.36% of the Enlarged Issued Share Capital.
Simon Ray, Chief Operating Officer of the Company, has also subscribed for 20,000 Subscription Shares at a price of 50.0 pence per Ordinary Share as part of the fundraising. Following the purchase, Simon Ray has a beneficial interest of 259,336 Ordinary Shares representing 1.02% of the Enlarged Issued Share Capital.
For further details, please contact:
European Wealth Group Limited John Morton
| Tel: +44 (0)20 7293 0733 www.europeanwealth.com |
Panmure Gordon (UK) Limited (Nomad and Broker) Andrew Potts / Alina Vaskina (Corporate Finance) Erik Anderson (Corporate Broking)
| Tel: +44 (0)20 7886 2500 |
Newgate Communications Alistair Kellie / Adam Lloyd / Ed Treadwell
| Tel: +44 (0) 20 7680 6550 |
Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse 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)
| Names | Kenneth ("Buzz") West | ||||
2
| Reason for the notification | |||||
a)
| Position/status
| Non-Executive Chairman | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name
| European Wealth Group 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
| Ordinary Shares of 5p each | ||||
b) | Identification code
| GG00BKY4K072 | ||||
c)
| Nature of the transaction
| Purchase of shares | ||||
d)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price |
20,000 50p
| ||||
e)
| Date of the transaction | 7 October 2016 | ||||
f)
| Place of the transaction | London Stock Exchange | ||||
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)
| Names | Simon Ray | ||||
2
| Reason for the notification | |||||
a)
| Position/status
| Chief Operating Officer | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name
| European Wealth Group 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
| Ordinary Shares of 5p each | ||||
b) | Identification code
| GG00BKY4K072 | ||||
c)
| Nature of the transaction
| Purchase of shares | ||||
d)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price |
20,000 50p
| ||||
e)
| Date of the transaction | 7 October 2016 | ||||
f)
| Place of the transaction | London Stock Exchange | ||||