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Draper Esprit PLC (GROW)

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Thursday 07 February, 2019

Draper Esprit PLC

Result of General Meeting & Completion of Placing

RNS Number : 3786P
Draper Esprit PLC
07 February 2019
 

THIS ANNOUNCEMENT AND THE INFORMATION IN IT, IS RESTRICTED, AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA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

 

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT HAS BEEN ISSUED BY AND IS THE SOLE RESPONSIBILITY OF THE COMPANY.

 

Draper Esprit plc

("Draper Esprit" or the "Company")

Result of general meeting and completion of placing

 

Draper Esprit (AIM: GROW, ESM: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses across Europe, is pleased to announce that at the General Meeting held earlier today, all resolutions were duly passed.

Accordingly, and as set out in the announcement dated 21 January 2019, the Company now has the requisite authority to complete the Placing to raise gross proceeds of £100 million.

Application has been made for 18,867,925 new Ordinary Shares to be admitted to trading on AIM and the ESM and it is expected that Admission will occur on 8 February 2019. Following Admission, the Company will have 117,925,470 Ordinary Shares in issue with each share carrying the right to one vote.

The Company does not hold any Ordinary Shares in treasury. The above figure of 117,925,470 may be used by shareholders in the Company 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.

The Company expects to complete the acquisition of the 27 per cent. interest in EB IV and the 5 per cent. interest in DEF by no later than 15 February 2019 and a further announcement will be made in due course following completion.

Defined terms used in this announcement have the same meaning as those within the Company's announcement on 21 January 2019.

 

Enquiries

Draper Esprit plc

Simon Cook (Chief Executive Officer)

Ben Wilkinson (Chief Financial Officer)

+44 (0)20 7931 8800

Numis Securities

Nominated Adviser & Joint Broker

Alex Ham

Richard Thomas

Jamie Loughborough

+44 (0)20 7260 1000

Goodbody Stockbrokers

ESM Adviser & Joint Broker

Corporate Finance: Don Harrington / Richard Tunney

Corporate Broking: Linda Hickey / Charlotte Craigie

+44 (0) 20 3128 8570

MHP Communications (PR)

Reg Hoare

Pete Lambie

Flo Mayo

+44 (0)20 3128 8570

 [email protected]

 


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