Result of Placing and Posting of Circular

RNS Number : 8990T

Bonhill Group PLC

25 March 2019

 

25 March 2019

Bonhill Group plc

("Bonhill" or the "Company")

Result of Placing

and

Posting of Circular

Bonhill (AIM: BONH), a leading B2B media business specialising in three key areas: Business Information, Live Events and Data & Insight, is pleased to announce the successful completion of the Placing announced earlier today.

A total of 11,904,762 Placing Shares have been placed at the Placing Price of 84 pence per share, subject to, inter alia, shareholder approval being obtained at a general meeting of the Company to be convened for 9 April 2019, raising £10.0 million (before expenses).

Application will be made for the admission of the 11,904,762 Placing Shares and the 2,380,952 Initial Consideration Shares to trading on AIM and dealings in New Ordinary Shares is expected to occur at 8.00 a.m. on 10 April 2019.

Posting of Circular

The Company will shortly be publishing copies of the Circular, containing a notice of general meeting and a proxy form to Shareholders, and a copy of the Circular will be available on the Company's website at www.bonhillplc.com.

Simon Stilwell, Chief Executive of Bonhill, commented:

"The Board is delighted with the ongoing support shown by existing investors and wishes to welcome new institutional shareholders at this exciting time in the Company's development."

All capitalised terms in this announcement are as defined in the Company's announcement of earlier today.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR").

-ends-

For further enquiries please contact:

Bonhill Group plc	[phone]
Simon Stilwell, Chief Executive David Brown, Group Finance Director
Stockdale Securities Limited (Nominated Adviser and Joint Broker)	[phone]
Tom Griffiths David Coaten
Canaccord Genuity Limited (Joint Broker) Bobbie Hilliam Adam James Georgina McCooke	[phone]
Taurus London (Lead Adviser)	[phone]
Tom Fyson Tom Marriage
Belvedere Communications (Financial PR)	[phone]
John West Kim van Beeck

About Bonhill Group plc

Bonhill Group plc is an AIM-quoted leading B2B media business specialising in three key areas: Business Information, Live Events and Data & Insight in three key sectors: Technology, Financial Services and Diversity. Bonhill's ambition is to create content that informs, communities that engage and brands that inspire in order to enable a better business environment for our sponsors and clients.

Flagship titles include: InvestmentNews, SmallBusiness.co.uk, Growth Company Investor, Information Age, GrowthBusiness.co.uk and What Investment. Bonhill is also responsible for a growing portfolio of high-profile events, including The Quoted Company Awards, Women in IT Awards Global Series, Women in Finance Awards Global Series, British Small Business Awards, Women Advisor Summit, Women to Watch, Diversity & Inclusion Summit and Retirement Income Summit, amongst others.

For more information visit www.bonhilplc.com

 

END

 

 

MSCPGUQPWUPBGGA