DJ Proton Partners International Ltd. Issue of Equity
RNS Number : 4347B
Proton Partners International Ltd.
06 June 2019
6 June 2019
PROTON PARTNERS INTERNATIONAL LIMITED
ISSUE OF EQUITY
Proton Partners International Limited (the "Company", "Proton" or "Group") has issued a notice under the Woodford Commitment, referred to in the Company's NEX Exchange Growth Market ("NEX") admission document, calling for the subscription of 14,204,545 Proton ordinary shares of GBP0.001 each ("Ordinary Shares") at the maximum possible price under that agreement of GBP1.76 per Ordinary Share, in order to raise GBP25 million. The funds will be used for general corporate purposes, including the potential repayment of certain loans from Shawbrook Bank Limited and to provide additional working capital for the Group.
Settlement and Dealings
Application has been made for the admission to trading on NEX of the 14,204,545 Ordinary Shares on the following basis ("Admission"):
-- 1,420,455 Ordinary Shares on 11 June 2019 -- 1,420,455 Ordinary Shares on 18 June 2019 -- 11,363,635 Ordinary Shares on 28 June 2019
Following Admission, the Company will have 172,588,260 Ordinary Shares in issue.
The number of voting rights will vary depending on how the new Ordinary Shares are allocated by Woodford Investment Management Limited under the terms of the Woodford Commitment and further announcements will be made as appropriate.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
The directors of Proton Partners International Limited accept responsibility for this announcement.
Proton Partners International Limited Michael Moran, Chief Executive Officer Tel: +44 (0) 16 3381 0661 Marcus King, Financial Controller Grant Thornton (Corporate Adviser) Tel: +44 (0) 20 7383 5100 Colin Aaronson/ Jamie Barklem/ Niall McDonald
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(END) Dow Jones Newswires
June 06, 2019 12:00 ET (16:00 GMT)