Placing to raise approximately £1.3m

RNS Number : 7193R

Hawkwing PLC

01 July 2020

 

1 July 2020

Hawkwing plc

("Hawkwing" or the "Company")

Placing to raise approximately £1.3m

Further to the announcement of 29 June 2020, where the Company confirmed its share capital reorganisation and the intention to apply for the Company's ordinary shares of 2 pence each ("Ordinary Shares") to be admitted to the Standard Segment of the Official List and to trading on the London Stock Exchange plc's Main Market ("Admission"), Hawkwing plc (AIM: HNG) (formerly TLA Worldwide plc), announces that it intends to seek a placing of new Ordinary Shares at a price of 3 pence per share to raise gross proceeds for the Company of c.£1.3 million (the "Placing").

The Placing will be conditional on Admission, the preparations for which continue and Dowgate Capital has been appointed to carry out the Placing.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. 

Enquiries:

Hawkwing plc
Keith Sadler, Senior Independent Non-Executive Director	[phone]
Beaumont Cornish Limited (Nomad and Broker)
Roland Cornish, James Biddle	[phone]
Dowgate Capital (Broker)
David Poutney, James Sarjeant	[phone]
Luther Pendragon
Harry Chathli, Alexis Gore	[phone]

 

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