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Result of Open Offer

14 Oct 2013 15:43

RNS Number : 4655Q
Norish PLC
14 October 2013
 





Norish plc ("Norish" or the "Company")

 

 

RESULT OF OPEN OFFER

 

On 18 September 2013, Norish plc announced details of a proposed share issue to raise net proceeds of up to £400,000 by way of an open offer of 1,014,618 New Ordinary Share at a price of 40 pence per New Ordinary Share.

 

The Open Offer closed for applications at 1 p.m. on 11 October 2013 and the Company announces that the Open Offer has been oversubscribed. The Company has received valid acceptances from Qualifying Shareholders in respect of 1,349,105 Open Offer Shares. In accordance with the terms and conditions of the Open Offer all applications for Basic Entitlements made pursuant to the Open Offer (other than Excess Shares) have been met in full and a scaling back exercise has been undertaken in respect of applications for Excess Shares. Excess monies in respect of applications which are not met in full will be returned to the applicant (at the applicant's risk) without interest as soon as practicable thereafter by way of cheque or CREST payment, as appropriate.

 

Application will be made to AIM, a market of the London Stock Exchange plc, for the admission of the 1,014,618 New Ordinary Shares. It is expected that Admission will become effective on 18 October 2013. Following Admission, the Company will have 11,160,803 Ordinary Shares in issue.

 

The New Ordinary Shares, when issued and fully paid will rank equally in all respects with the Existing Ordinary Shares, including the right to receive all dividends or other distributions made, declared after the date of admission of the New Ordinary Shares.

Defined terms used in this announcement shall have the same meaning as those terms defined and used in the Circular of the Company dated 19 September 2013.

 

 Enquiries:

Norish

Aidan Hughes, Finance Director

Telephone: + 44 1293 862 498

 

Davy

Ivan Murphy, Director

Telephone: + 353 1 679 6363

Anthony Farrell

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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