Result of Open Offer
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION
Assura Group Limited ("Assura" or the "Company")
Result of Open Offer
On 19 January 2011, Assura announced an Open Offer to raise gross proceeds of approximately £11.4 million.
The Board of Assura announces that as at 11.00 a.m. on 15 February 2011 it had received valid acceptances from Qualifying Assura Shareholders in respect of 21,870,110 Open Offer Shares, representing approximately 86.1 per cent. of the Open Offer Shares available pursuant to the Open Offer.
3,527,253 Open Offer Shares not applied for by Qualifying Assura Shareholders under the Open Offer will be taken up by placees under the terms of the Placing Agreement.
The Open Offer Shares will, on Admission, rank in full for all dividends and other distributions declared, made or paid on the Ordinary Shares after Admission and will otherwise rank pari passu in all respects with the Ordinary Shares in issue at the date of the Prospectus.
The Open Offer remains conditional upon, inter alia, admission of the Open Offer Shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities. It is expected that Admission will occur, and that dealings in the Open Offer Shares will commence, at 8.00 a.m. on 17 February 2011.
Except for words and phrases specifically defined in this announcement, capitalised words and phrases shall bear the same meaning given to them in the Prospectus sent to Assura Shareholders on 27 January 2011.
Enquiries:
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Assura Group Limited |
01928 737 000 |
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Nigel Rawlings, CEO |
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Conor Daly, Company Secretary |
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Cenkos Securities |
020 7397 8900 |
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Ian Soanes |
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Adrian Hargrave |
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Investec |
020 7597 5970 |
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Gary Clarence |
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Daniel Adams |
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Financial Dynamics |
020 7831 3113 |
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Ben Atwell |
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Ben Brewerton |
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This information is provided by RNS