Result of Placing

RNS Number : 6679C

GB Group PLC

29 June 2016

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SINGAPORE, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

FURTHER, THIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE SHARES IN GB GROUP PLC IN ANY JUSRISTICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

Wednesday 29 June 2016

GB Group PLC ("GBG" or the "Company")

Result of Placing

GBG, the identity data intelligence specialist, is pleased to announce the successful completion of the placing announced earlier today (the "Placing").

A total of 9,090,910 New Ordinary Shares of the Company (the "Placing Shares") have been placed by Peel Hunt LLP ("Peel Hunt") at a price of 275 per share (the "Placing Price"), representing a 4.5 per cent discount to the closing price on 28 June 2016 (being the day prior to this announcement) with new and existing investors, raising gross proceeds of approximately £25 million (approximately £24 million net of expenses).

The Placing Shares will represent approximately 7.3 per cent. of the Existing Ordinary Shares.

Richard Law, GBG's CEO, commented,

"I would like to thank our existing and new shareholders for the faith they have put in GBG. The widespread investor interest in this fundraise in such volatile market conditions is a strong endorsement of GBG's momentum and prospects."

Directors' participation

Directors of the Company have, in aggregate, invested £247,500 of the funds raised in the Placing at the Placing Price.

The participation of the Directors of the Company in the Placing is set out in the table below:

Name of Director	Position	Number of Placing Shares to be acquired	Resulting holding of Ordinary Shares	% of Enlarged Share Capital
David Rasche	Non-Executive Chairman	72,727	818,822	0.6%
Richard Linford	Non-Executive Director	18,182	304,546	0.2%

Total Voting Rights

In accordance with the provisions of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the Placing Shares, its issued share capital will comprise 132,977,300 ordinary shares of 2.5 pence each. All of the ordinary shares have equal voting rights. The total number of voting rights in the Company is therefore 132,977,300.

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 share capital of the Company under the Disclosure and Transparency Rules.

Unless otherwise stated, defined terms used in this announcement will have the meaning set out in the Acquisition and Placing Announcement.

For further information, please contact:

GB Group plc Richard Law, Chief Executive Dave Wilson, Group Finance and Operations Director	01244 657333
Peel Hunt LLP (Nominated Adviser and Broker) Richard Kauffer Euan Brown	020 7418 8900
Newgate Threadneedle Bob Huxford Robyn McConnachie Ed Treadwell	020 7860 6550
Website	www.gbgplc.com

About GBG

The most profitable and successful organisations recognise the value of understanding the individual identity of their customers and employees. GBG combines this concept of identity with technology to create an environment of trust, so that organisations can employ people and connect, communicate and transact with consumers, safely and responsibly.

 

END

 

 

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