Information  X 
Enter a valid email address

eServGlobal Limited (ESG)

  Print      Mail a friend       Annual reports

Wednesday 15 November, 2017

eServGlobal Limited

Results of Entitlement Offer

RNS Number : 5156W
eServGlobal Limited
15 November 2017
 

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 OF AMERICA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.

 

 

Results of Entitlement Offer
Sydney: 15 November 2017

 

eServGlobal Limited (AIM: ESG, ASX: ESV) ("eServGlobal" or the "Company")

 

eServGlobal is pleased to announce the successful completion of the retail component ("Retail Offer") of its 1 for 3 accelerated non-renounceable entitlement offer ("Entitlement Offer").

 

Completion of the Retail Offer represents the second stage of the Company's approximately £24.0 million Fundraising, announced on 20 October 2017.

 

The institutional component of the Entitlement Offer ("Institutional Offer") closed on 20 October 2017, as announced on the ASX and AIM on the same day and raised approximately £15.8 million.

 

The Retail Offer was strongly supported by the Company's retail shareholders. The Company received valid applications from Qualifying Holders for approximately 28,237,312 shares ("Retail Offer Shares") (approximately £2.54 million) representing 74.92% of the Retail Offer.

 

The approximately 9,450,634 New Ordinary Shares not taken up by Qualifying Holders under the Retail Offer have been allocated to the institutional investor who has agreed to subscribe for these Retail Offer Shares in the Clawback Placing ("Clawback Placing Shares").

It is expected that admission of the 28,237,312 Retail Offer Shares and the 9,450,634 Clawback Placing Shares in the form of Depository Interests on AIM will take place at 8.00 a.m. on 20 November 2017 in accordance with the published timetable for the Entitlement Offer ("Admission"). Following Admission, the Company will have 906,850,662 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights will therefore be 906,850,662. 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

Directors' shareholdings

The following Directors and their PCAs made applications to subscribe for, in aggregate 721,399 Retail Offer Shares, as detailed in the table below:

Director

Number of Retail Offer Shares subscribed for

Total shares held following Admission

Resultant Holding (%)

John Conoley

221,962

1,596,638

0.17

Fiona Conoley (spouse of John Conoley)

110,855

636,590

0.07

Total (held directly and indirectly by John Conoley)

332,817

2,233,228

0.25

Stephen Baldwin

388,582

1,554,332

0.17

 

1.            

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

John Conoley

2.            

Reason for the Notification

a)

Position/status

Director

b)

Initial notification/Amendment

Initial notification

3.    

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

eServGlobal Ltd

b)

LEI

n/a

4.    

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Depository interests

Identification code

AU0000ESVAR5

b)

Nature of the transaction

Subscription for Depository Interests

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.09

332,817

d)

Aggregated information:

·      Aggregated volume

·      Price

In relation to Mr. Conoley, 221,962 depository interests of no par value purchased at 9 pence per depository interest.

In relation to Mrs. Conoley, 110,855 depository interests of no par value purchased at 9 pence per depository interest.

e)

Date of the transaction

10 November 2017

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

5.            

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Stephen Baldwin

6.            

Reason for the Notification

a)

Position/status

Director

b)

Initial notification/Amendment

Initial notification

7.    

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

eServGlobal Ltd

b)

LEI

n/a

8.    

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary Fully Paid Shares

Identification code

AU0000ESVAR5

b)

Nature of the transaction

Subscription for Ordinary Fully Paid Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

A$0.15

388,582

d)

Aggregated information:

·      Aggregated volume

·      Price

388,582 ordinary fully paid shares of no par value purchased at A$0.15 per share.

e)

Date of the transaction

10 November 2017

f)

Place of the transaction

Australian Securities Exchange (ASX)

 

All capitalised terms in this announcement and not otherwise defined shall have the meaning given to them in the Retail Offer Booklet dated 27 October 2017.

 

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

 

Enquiries:

eServGlobal

www.eservglobal.com

Tom Rowe, Company Secretary

Alison Cheek, VP Corporate Communications

Andrew Hayward, Chief Financial Officer

[email protected]

finnCap Ltd (Nomad and Broker)
Corporate Finance

Jonny Franklin-Adams / Anthony Adams / Hannah Boros

Corporate Broking

Tim Redfern/ Richard Chambers

www.finnCap.com
T: +44 (0) 20 7220 0500

Veritas Securities Limited, Joint Broker (Australia)

Robert Scappatura

+61 2 8252 3200

Alma PR (Financial Public Relations)

Hilary Buchanan / John Coles

www.almapr.co.uk

T: +44 (0) 208 004 4218

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ROIFMMMMGKMGNZG

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