PYX Resources: Achieving volume and diversification milestones. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSIXH.L Regulatory News (SIXH)

  • There is currently no data for SIXH

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Placing of New Shares

6 Sep 2012 07:00

RNS Number : 6157L
600 Group PLC
06 September 2012
 

NOT FOR RELEASE PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES

The 600 Group Plc

Placing of New Shares to Raise £1.47 million

The 600 Group Plc ("the Group" or "the Company"), the machine tools and laser marking company, is pleased to announce that it has raised approximately £1.47 million (before expenses) through an institutional placing by its broker finnCap of 19,663,171 new ordinary shares of 1p each (together the "Placing Shares") at a price of 7.5p per Placing Share (the "Placing").

The Company has also entered into revised facility agreements with its principal banker covering existing term loan and revolving credit facilities amounting to £3.64 million and a new working capital facility of £0.30 million.

The proceeds from the Placing, together with the revised working capital facility, will be used to fund working capital within the Group, to include the shortening of delivery lead times of products to customers.

The Placing has been completed using a cash box structure. Application has been made for the Placing Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur on 11 September 2012.

Nigel Rogers, CEO, is subscribing for 270,000 shares in the Placing. Following the Placing, Mr. Rogers is interested in a total of 370,000 ordinary shares in the Company, representing 0.44% of the enlarged total voting rights. Haddeo Partners LLP, of which Paul Dupee, Chairman of the Group, is a member, are subscribing for 6,666,667 shares in the Placing. Following the Placing, Haddeo Partners LLP are interested in a total of 22,792,535 ordinary shares in the Company, representing 27.27% of the enlarged total voting rights. In accordance with the AIM Rules for Companies, the Independent Directors with respect to this transaction, having consulted with the Company's Nominated Adviser, finnCap Limited, consider that the terms of the participation of Haddeo Partners LLP and Nigel Rogers in the Placing is fair and reasonable insofar as the Company's shareholders are concerned.

Following Admission the Placing Shares will rank pari passu in all respects with the existing ordinary shares in issue including the right to receive all dividends and other distributions declared. The Company's total issued and voting share capital will comprise 83,589,424 ordinary shares. 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, securities of the Company under the FSA's Disclosure and Transparency Rules.

More information on the Group can be viewed at: www.600group.com

 

Enquiries:

The 600 Group PLC

Tel: 01924 415 000

Nigel Rogers, Chief Executive

Neil Carrick, Finance Director

Cadogan PR Limited

Tel: 0207 930 7006

Alex Walters

Tel: 07771 713 608

finnCap (Nomad and Broker)

Tel: 020 7220 0500

Ed Frisby / Ben Thompson (corporate finance)

Tony Quirke / Victoria Bates (sales & broking)

Spark Advisory Partners (Financial Advisors)

Tel: 020 3368 3553

Miriam Greenwood / Mark Brady

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IOELFFVVATIEIIF
Date   Source Headline
20th Sep 20177:00 amRNSAGM Update on Trading
31st Aug 20173:04 pmRNSTR-1 Holding(s) in Company 2017
31st Aug 20171:40 pmRNSDisposal of ProPhotonix shareholding
4th Jul 20177:00 amRNSFinal Results
29th Jun 20178:50 amRNSNotice of Results
16th Mar 20178:15 amRNSTermination of Conditional Agreement
15th Feb 20171:31 pmRNSTR-1: Notification of major interest in shares
27th Jan 20172:45 pmRNSSignificant shareholder's conditional agreement
6th Dec 20167:00 amRNSHalf-year Report
17th Oct 20167:00 amRNSAcquisition of Kondia Machine Tool Business
29th Sep 201612:17 pmRNSAGM Statement and Update on Trading
1st Sep 20167:00 amRNSFinal Results
16th Aug 20165:00 pmRNSNotice of Results
11th Jul 20167:00 amRNSSale of Letchworth property completed
4th Jul 20167:00 amRNSSale of Property and impact of Brexit
31st Mar 20161:48 pmRNSDirector Share Dealing
30th Mar 20167:00 amRNSAcquisition of remaining interest in TYKMA Inc.
17th Feb 20167:00 amRNSTrading Update
9th Dec 20157:00 amRNSNotification of Share Purchases
4th Dec 20154:05 pmRNSNotification of Share Purchase
2nd Dec 20157:00 amRNSHalf Yearly Report
25th Sep 20159:32 amRNSIssue of 3rd tranche of loan notes
17th Sep 201511:25 amRNSResult of AGM and update on trading
28th Aug 20151:04 pmRNSIssue of 3rd tranche of loan notes
25th Aug 20152:45 pmRNSNotice of AGM Correction
25th Aug 20152:20 pmRNSNotice of AGM
12th Aug 20157:00 amRNSAppointment of Divisional Managing Directors
10th Aug 20158:53 amRNSGranting of options
10th Jul 20151:30 pmRNSIssue of Equity from exercise of Share Options
1st Jul 20157:00 amRNSFinal Results
13th May 20157:00 amRNSAppointment of Non Executive Director
30th Apr 20157:00 amRNSDirectorate Change and Update on Trading
24th Mar 20153:45 pmRNSListing of loan notes
18th Mar 201511:50 amRNSResult of General Meeting
18th Mar 20157:00 amRNSIssue of 2nd tranche of loan notes
17th Feb 20157:00 amRNSDirectors Dealing
16th Feb 20157:00 amRNSAcquisition of TYKMA Inc and issue of loan notes
26th Nov 20147:00 amRNSHalf Yearly Report
17th Nov 20147:00 amRNSNotice of Results
22nd Oct 20147:00 amRNSChange of Adviser
14th Oct 20147:00 amRNSInvestor Facility Visit
17th Sep 20143:10 pmRNSResult of AGM
17th Sep 20147:00 amRNSAGM Statement and Update on Trading
4th Aug 20147:00 amRNSAcquisition of ProPhotonix Shares & Equity Issue
26th Jun 20149:51 amRNSDirector/PDMR Shareholding
26th Jun 20147:00 amRNSFinal Results
12th Jun 20147:00 amRNSNotice of Results
30th May 20147:00 amRNSHolding(s) in Company
8th Apr 201412:44 pmRNSGrant of Options
7th Apr 20145:13 pmRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.