Information  X 
Enter a valid email address

Draper Esprit PLC (GROW)

  Print      Mail a friend

Wednesday 13 June, 2018

Draper Esprit PLC

Result of GM and Completion of Placing

RNS Number : 2663R
Draper Esprit PLC
13 June 2018
 

THIS ANNOUNCEMENT AND THE INFORMATION IN IT, IS RESTRICTED, AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA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 and subscription

 

Draper Esprit (AIM: GROW, ESM: GRW), a leading venture capital firm involved in the creation, funding and development of 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 25 May 2018, the Company now has the requisite authority to complete the Placing and Subscription to raise gross proceeds of £115.0 million.

Application has been made for 27,380,952 New Ordinary Shares to be admitted to trading on AIM and the ESM and it is expected that Admission will occur on 14 June 2018. Following Admission, the Company will have 98,992,725 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 98,992,725 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.

Defined terms used in this announcement have the same meaning as those within the Company's announcement on 25 May 2018.

 

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 / Dearbhla Gallagher

Corporate Broking: Linda Hickey / Charlotte Craigie

+353 1 667 0420

MHP Communications (PR)

James White

Vera Prokhorenko

Pete Lambie

+44 (0)20 3128 8570

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
MSCGCGDLUXBBGIX

a d v e r t i s e m e n t