Share sales and holding(s) in Company

RNS Number : 6631Y

Nightcap PLC

14 May 2021

 

14 May 2021

Nightcap plc

("Nightcap", the "Company" or the "Group")

Share sales and holding(s) in Company

On 12 May 2021, Nightcap announced that it had conditionally raised a total of £10.0 million by way of a placing (the "Placing") of new ordinary shares of 1p each ("Ordinary Shares") at a price of 23p per share (the "Placing Price").  The Placing, which comprises two tranches, was significantly over-subscribed due to strong investor demand.  As a result of this demand, Nightcap and its broker, Allenby Capital Limited, sought to satisfy the further investor interest via arranging for certain of the Company's significant shareholders to sell some Ordinary Shares.

As a consequence, the Company was notified on 13 May 2021 that Raymond Blanc has sold 4,347,826 Ordinary Shares and David Moore has sold 2,350,000 Ordinary Shares.  All of these Ordinary Shares were sold at 23p per share, being equivalent to the Placing Price. All of Raymond Blanc's sales occurred on 12 May 2021.  David Moore sold 2,300,000 Ordinary Shares on 12 May 2021 and 50,000 Ordinary Shares on 13 May 2021.

Following the issue and admission to trading on AIM of a total of 29,175,597 new Ordinary Shares earlier this morning (as described in the Company's announcement of 12 May 2021), Raymond Blanc's remaining shareholding (being 6,459,920 Ordinary Shares) represents 3.93 per cent. of the Company's issued ordinary share capital and David Moore's remaining shareholding (being 6,836,584 Ordinary Shares) represents 4.16 per cent. of the Company's issued ordinary share capital.

Of Raymond Blanc's remaining shareholding of 6,459,920 Ordinary Shares, 5,403,873 Ordinary Shares are currently subject to lock in restrictions until 13 January 2022 (after which 12 months of orderly market disposal restrictions apply) and 1,056,047 Ordinary Shares are currently subject to orderly market disposal restrictions until 13 January 2023.  Of David Moore's remaining shareholding of 6,836,584 Ordinary Shares, 4,593,292 Ordinary Shares are currently subject to lock in restrictions until 13 January 2022 (after which 12 months of orderly market disposal restrictions apply) and 2,243,292 Ordinary Shares are currently subject to orderly market disposal restrictions until 13 January 2023.  Details of these arrangements can be found in the Company's AIM admission document dated 7 January 2021.

For further enquiries: Nightcap plc Sarah Willingham / Toby Rolph / Gareth Edwards	c/o Fleet Street Communications
Allenby Capital Limited (Nominated Adviser and Broker) Nick Naylor / Alex Brearley (Corporate Finance) Matt Butlin / Amrit Nahal / Tony Quirke (Sales and Corporate Broking)	[phone] www.allenbycapital.com
Fleet Street Communications (Financial PR) Mark Stretton / Mike Berry	[phone] www.fsc.uk.com

 

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