Broker Option Update

RNS Number : 9505P

DP Poland PLC

14 February 2019

 

This Announcement contains inside information for the purposes of the market abuse regulation (EU No. 596/2014) ("MAR"). In addition, market soundings (as defined in MAR) were taken in respect of certain of the matters contained in this Announcement, with the result that certain persons became aware of such inside information, as permitted by MAR. Upon the publication of this Announcement, this inside information is now considered to be in the public domain and such persons shall therefore cease to be in possession of inside information.

14 February 2019

DP Poland plc

Broker Option Update

Further to the announcement on 7 February 2019, DP Poland plc ("DP Poland" or the "Company") is pleased to announce that it has conditionally raised additional gross proceeds of approximately £0.5 million via the Broker Option. An additional 8,333,333 new Ordinary Shares have been placed by Peel Hunt at a price of 6 pence per share. The Board is pleased to confirm that there was significant demand via the Broker Option and that the book was over-subscribed.

As such, a total of 96,666,666 new Ordinary Shares have been placed via the Placing and Broker Option, raising gross proceeds for the Company of £5.8 million, conditional upon the passing of the requisite shareholder resolutions at the General Meeting on 28 February 2019. Application will be made for the Placing and Broker Option Shares to be admitted to trading on AIM. Admission and dealings in the new Ordinary Shares is expected to take place on or before 8.00 a.m. on 1 March 2019.

Defined terms used in this announcement bear the same meaning as those used in the announcement dated 7 February 2019.

Enquiries:

DP Poland plc	020 3393 6954
Peter Shaw, Chief Executive www.dppoland.com
Peel Hunt LLP, NOMAD, Sole Broker and Sole Bookrunner	020 7418 8900
Adrian Trimmings / George Sellar / Guy Pengelley
Hudson Sandler, Financial PR	020 7796 4133
Alex Brennan / Lucy Wollam

The person responsible for arranging the release of this Announcement on behalf of the Company is Peter Shaw, a director of the Company.

 

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