Placement des résultats, offre ouverte et publication de la circulaire
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
19 Mars 2024
Quadrise plc
(le "Entreprise" et avec ses filiales le "Réservation de groupe"Ou"Quadrillage")
Results of Placing, Subscription, Open Offer Launch and Posting of Circular
Quadrise Plc (AIM: QED), the supplier of innovative energy solutions for a cleaner planet, is pleased to announce the successful results of the Placing and Subscription announced on 18 March 2024 and to confirm the launch of the Open Offer to Qualifying Shareholders.
The Company has conditionally raised total gross proceeds of £1.5 million pursuant to the Placing of 118,922,107 Placing Shares and the Subscription of 1,077,893 Subscription Shares in each case at the Issue Price of 1.25 pence per New Ordinary Share. The gross proceeds of the Placing and Subscription are expected to be supplemented by additional gross proceeds of up to approximately £1 million to be raised pursuant to the Open Offer.
A circular containing detailed information about the Open Offer, including the terms and conditions and details on how to accept the Open Offer (the "Circulaire") and an accompanying Application Form (for Qualifying Non-CREST Shareholders) will shortly be posted to Shareholders.
A copy of the Circular will shortly be available from the Company's website at www.quadrise.com.
Capitalised terms used but not otherwise defined in this announcement bear the meanings ascribed to them in the Circular.
Offre ouverte
Pursuant to the Open Offer, Qualifying Shareholders will have an opportunity to subscribe for an aggregate of approximately 82.2 million new Ordinary Shares (the "Actions d'offre ouverte") at 1.25 pence per Open Offer Share on the basis of:
1 Open Offer Share for every 19 Existing Ordinary Shares held on the Record Date
In addition, the Open Offer presents Qualifying Shareholders with an opportunity, provided that they take up their Basic Entitlements in full, to apply for additional Open Offer Shares through the Excess Application Facility. The Open Offer is not underwritten.
If Qualifying Shareholders do not take up all of the Open Offer Shares, the Company and the Bookrunners may agree (without any obligation to do so) that the Joint Brokers should use their reasonable efforts to procure subscribers for such Open Offer Shares at the Issue Price. There is no guarantee that this will occur or that the Joint Brokers would be successful in so procuring any subscribers for such Open Offer Shares.
Further details of the Open Offer are set out in the extract from the 'Letter from the Chairman of the Company' below, together with the expected timetable.
Director/PDMR Placing and Subscription participation and intended Open Offer participation
The following Directors and PDMRs of the Company have participated in the Placing and Subscription or intend to participate in the Open Offer as follows:
Directeur/PDMR | Nombre d'actions ordinaires existantes | Nombre d'Actions de Placement souscrites | Number of Subscription Shares subscribed for | Nombre d'Actions Ordinaires détenues lors de la Première Admission | Total number Open Offer Shares to be applied for* | Nombre d'Actions Ordinaires détenues lors de la Deuxième Admission** |
Andy Morrisson | 3,100,000 | 1, 000,000 | - | 4, 100,000 | - | 4,100,000 |
Jason Miles | 4,394,236 | 1,200,000 | - | 5,594,236 | - | 5,594,236 |
Laurie Mutch | 682,107 | - | 117,893 | 800,000 | - | 800,000 |
Vicky Boiten Lee | - | - | 800,000 | 800,000 | - | 800,000 |
Dilip Shah | 170,000 | - | 160,000 | 330,000 | - | 330,000 |
David Scott | 110,309 | - | - | 110,309 | 80,000 | 190,309 |
Philippe Colline | 160,000 | - | - | 160,000 | 80,000 | 240,000 |
* consisting in the case of all participating PDMRs of 100% uptake of their Basic Entitlements under the Open Offer and additional applications by each for Excess Shares under the Excess Application Facility.
** assuming that the applications of participating Directors/PDMRs for Excess Shares under the Excess Application Facility are satisfied in full.
The notification below, made in accordance with the requirements of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and as modified by or under the European Union (Withdrawal) Act 2018 or other domestic law, provides further detail.
Admission et relations
The Placing Shares, the Subscription Shares and the Open Offer Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with each other and with the Existing Ordinary Shares.
Application will be made to the London Stock Exchange for the Placing Shares, the Subscription Shares and the Open Offer Shares to be admitted to trading on AIM. Settlement for the Placing Shares and the Subscription Shares is expected to take place on or around 8.00h26 le 2024 mars XNUMX ("Première admission") (or such later date as may be agreed between the Bookrunners, Cavendish and the Company). Settlement for the Open Offer Shares is expected to take place on or around 8.00 a.m. on 9 April 2024 ("Deuxième admission") (or such later date as may be agreed between the Bookrunners, Cavendish and the Company).
The Placing and Subscription are conditional, inter alia, upon First Admission becoming effective and the Placing and Open Offer Agreement between the Company, the Joint Brokers and Cavendish not being terminated in accordance with its terms. The Open Offer is conditional, inter alia, upon First Admission and Second Admission becoming effective.
Droits de vote totaux
On First Admission, the Company will have a total of 1,682,478,823 Ordinary Shares in issue, with no Ordinary Shares held in treasury. Therefore, following First Admission, this figure may be used by Shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change in their interest in, the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.
Pour plus d'informations, contactez:
Quadrise Plc | + 44 (0) 20 7031 7321 | |
Andy Morrisson, président Jason Miles, directeur général | ||
Conseiller désigné | ||
Marchés des capitaux Cavendish Limitée | + 44 (0) 20 7220 0500 | |
Ben Jeyne | ||
Katie Birkin Georges Lawson | ||
Commun Brokers Stock de capital côtierbrokers Limité |
+ 44 (0) 20 7408 4090 | |
Toby Gibbs, Rachel Goldstein (Conseil d'entreprise) | ||
Fiona Conroy (courtage en entreprise) | ||
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VSA Capital Limitée Andrew Raca (Finance d'entreprise) Andrew Monk (Courtage corporatif) | + 44 (0) 20 3005 5000 | |
Relations publiques et investisseurs |
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Conseil de Vigo Patrick D'Ancône Finlay Thompson | + 44 (0) 20 7390 0230 |
CALENDRIER PRÉVU DES PRINCIPAUX ÉVÉNEMENTS
Date d'enregistrement de l'offre ouverte
| 6.00h18 le 2024 mars XNUMX |
Annonce du placement et de la souscription | 18 Mars 2024 |
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Announcement of results of the Placing and Subscription and launch of the Open Offer
| 19 Mars 2024 |
Publication and posting of the Circular and the Application Form
| 19 Mars 2024 |
Existing Ordinary Shares marked 'ex' by London Stock Exchange
| 8.00 suis sur 19 Mars 2024 |
Droits à l'offre ouverte et droits à l'offre ouverte CREST excédentaires crédités sur les comptes d'actions dans CREST des actionnaires CREST éligibles
| dès que possible après 8.00 suis sur 20 Mars 2024
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First Admission effective and dealing in the Placing Shares and Subscription Shares commence on AIM
| 8.00 suis sur 26 Mars 2024 |
CREST accounts credited in respect of Placing Shares and Subscription Shares
| 26 Mars 2024 |
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Heure limite recommandée pour demander le retrait de l'offre ouverte Droits et droits excédentaires de l'offre ouverte CREST de
| 4.30 h le 28 Mars 2024 |
Heure limite de dépôt des droits et excédents de l'offre ouverte Droits d'offre ouverte CREST dans CREST
| 3.00 h le 2 Avril 2024 |
Dernière heure pour diviser les formulaires de candidature (afin de satisfaire authentique marché réclamations uniquement)
| 3.00 h le 3 Avril 2024 |
Heure et date limite de réception des formulaires de demande remplis et du paiement intégral dans le cadre de l'offre ouverte et du règlement des instructions CREST pertinentes (le cas échéant)
| 11.00 suis sur 5 Avril 2024 |
Date prévue d'annonce des résultats de l'Offre Ouverte
| 5 Avril 2024 |
Certificats d'actions expédiés pour les actions de souscription qui seront détenues sous forme certifiée par
| 8 Avril 2024 |
Deuxième admission effective et début des négociations sur les actions de l'offre ouverte sur AIM
| 8.00 suis sur 9 Avril 2024 |
Comptes CREST crédités au titre des Actions Offre Ouverte
| 9 Avril 2024 |
Certificats d'actions envoyés pour les Actions de l'Offre Ouverte qui seront détenues sous forme certifiée par
| 18 Avril 2024 |
Les dates et horaires des événements figurant dans le calendrier ci-dessus sont donnés à titre indicatif uniquement et peuvent être sujets à changement à l'absolue discrétion de la Société. Si l'un des détails contenus dans le calendrier ci-dessus devait changer, les heures et dates révisées seront notifiées au moyen d'une annonce via un service d'information réglementaire. Toutes les références concernent l’heure de Londres, sauf indication contraire.
Offre ouverte
Qualifying Shareholders are invited to apply for Open Offer Shares under the Open Offer at the Issue Price of 1.25 pence per Open Offer Share, payable in full on application and free of all expenses, autour de l'horloge to their existing shareholdings on the basis of:
1 Action d'Offre Ouverte pour 19 Actions Ordinaires Existantes
held at the Record Date and so on in proportion for any other number of Existing Ordinary Shares then held. Open Offer Entitlements will be rounded down to the nearest whole number of Open Offer Shares. The Issue Price represents a discount of 13.79 per cent. to the closing mid-market price of 1.45 pence per Existing Ordinary Share on 18 March 2024, being the last practicable date prior to this announcement.
Qualifying Shareholders are also being given the opportunity, provided that they take up their Open Offer Entitlements in full, to apply for additional Open Offer Shares through the Excess Application Facility. Once subscriptions under the Open Offer Entitlements have been satisfied in full, the Company shall, in its absolute discretion, determine whether to meet any excess applications in full or in part, and no assurance can be given that applications by Qualifying Shareholders under the Excess Application Facility will be met in full or in part or at all.
To the extent that Open Offer Shares are not subscribed by Qualifying Shareholders, Open Offer Entitlements will lapse. Qualifying Shareholders may apply for more or less Open Offer Shares than they are entitled to under the Open Offer.
The Open Offer is subject to the satisfaction, entre autres, of the following conditions on or before 9 April 2024, or such later date as the Company and the Joint Brokers may agree:
(I) the Placing and Open Offer Agreement becoming unconditional in all respects in relation to the Open Offer and not having been terminated in accordance with its terms; ainsi que
(ii) Second Admission becoming effective.
Accordingly, in the event that any of these conditions are not satisfied, or, if applicable, waived, by 9 April 2024 (or such later time as the Joint Brokers may in their absolute discretion determine, but only after prior consultation with Cavendish, provided that such time does not extend beyond 8.00 am on 31 May 2024) the Open Offer will not proceed. In such circumstances, application monies will be returned (at the applicant's sole risk), without payment of interest, as soon as practicable thereafter.
Fractions of Open Offer Shares will not be allotted to Qualifying Shareholders in the Open Offer and, where necessary, entitlements under the Open Offer will be rounded down to the nearest whole number of Open Offer Shares. Any fractional entitlement to Open Offer Shares will be disregarded in calculating Open Offer Entitlements.
Whilst Qualifying Shareholders with a shareholding of less than 19 Existing Ordinary Shares on the Record Date will not receive an Open Offer Entitlement, such Qualifying Shareholders will be able to apply for Open Offer Shares under the Excess Application Facility.
The participation of a Qualifying Shareholder in their Open Offer Entitlement and their acquisition of any Excess Shares under the Excess Application Facility does not guarantee that their percentage shareholding will not be diluted from the position prior to the Placing, Subscription and Open Offer as a result of the issue of the Placing Shares, Subscription Shares and Open Offer Shares.
The Open Offer Shares have not been and are not intended to be registered, offered or qualified for sale in United States, Canada, Australia, New Zealand, the Republic of South Africa or Japan or any other jurisdiction where such registration, offer or salle would be prohibited by applicable law (any such jurisdiction being an Excluded Jurisdiction). The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States or other Excluded Jurisdiction. Accordingly, unless otherwise determined by the Company and effected by the Company in a lawful manner, the Application Form will not be sent to Qualifying Non-CREST Shareholders with registered addresses in any Excluded Jurisdiction since to do so would require compliance with the relevant securities laws of that jurisdiction. Unless otherwise determined by the Company applications for the Open Offer from any person in an Excluded Jurisdiction will be deemed to be invalid.
Les Actions de l'Offre Ouverte seront, lorsqu'elles seront émises et entièrement libérées, de rang pari passu à tous égards avec les Actions Ordinaires Existantes, y compris le droit de recevoir tous les dividendes et autres distributions déclarés, effectués ou payés après la date de Deuxième Admission.
Qualifying Shareholders should note that the Open Offer is not a rights issue and therefore the Open Offer Shares which are not applied for by Qualifying Shareholders will not be sold in the market for the benefit of the Qualifying Shareholders who do not apply under the Open Offer. Qualifying Non-CREST Shareholders should note the Application Form is not a document of title and cannot be traded or otherwise transferred.
Facteurs de risque
The attention of Shareholders is drawn to the risk factors set out in Part III of the Circular.
NOTIFICATION ET DIVULGATION PUBLIQUE DES OPÉRATIONS PAR DES PERSONNES DÉCHARGEANT DES RESPONSABILITÉS DE DIRECTION ET DES PERSONNES ÉTROITEMENT ASSOCIÉES À CELLES-CI
1 | Détails de la personne exerçant des responsabilités de direction / personne étroitement associée
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a) | Nom | 1. Andy Morrisson 2. Jason Miles 3. Laurie Mutch 4. Vicky Boiten-Lee 5. Dilip Shah
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2 | Raison de la notification | |||||||
a) | Poste/Statut | 1. Président non exécutif 2. Chief Executive Officer 3. Directeur non-exécutif 4. Administrateur non exécutif 5. Administrateur non exécutif
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b) | Notification initiale/modification | Notification initiale
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3 | Coordonnées de l'émetteur, du participant au marché des quotas d'émission, de la plate-forme d'enchères, du commissaire-priseur ou du contrôleur des enchères | |||||||
a) | Nom | Quadrise plc
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b) | LEI | 213800HN2ETG5476U328
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4 | Détails de la (des) transaction (s): section à répéter pour (i) chaque type d'instrument; (ii) chaque type de transaction; (iii) chaque date; et (iv) chaque lieu où des transactions ont été effectuées
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a) | Description de l'instrument financier, type d'instrument et code d'identification | Actions ordinaires de 1 pence chacune
ISIN: GB00BM9CLS53
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b) | Nature de l'opération | Subscription for Placing Shares or Subscription Shares
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c) | Prix(s) et volume(s) |
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d) | Informations agrégées | n / a
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e) | Date de transaction | 19 Mars 2024
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f) | Lieu de l'opération | En dehors d'une plate-forme de négociation
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