Result of Placing

RNS Number : 7261E

Image Scan Holdings PLC

10 May 2017

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. 

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN IMAGE SCAN HOLDINGS PLC OR ANY OTHER ENTITY IN ANY JURISDICTION.

This announcement contains inside information

Image Scan Holdings plc
("Image Scan" or the "Company")

Result of Placing

Other than where defined, capitalised terms used in this announcement have the meanings given to them in the announcement released by the Company this morning at 7:00 a.m. (the "Placing Announcement").

Result of Placing

Pursuant to the Placing Announcement, the Company is pleased to announce that Cantor Fitzgerald Europe has successfully placed 9,500,000 new Ordinary Shares on behalf of the Company (the "Placing Shares") in the Company at a price of 5.25 pence per share, with new and existing institutional investors, as well by way of the subscription of 500,000 new Ordinary Shares at the Placing Price (the "Subscription Shares") by Mr William Mawer, Chairman and Chief Executive Officer of the Company (the "Subscription"). Pursuant to the Placing and Subscription, the Company has raised gross proceeds of approximately £525,000. The Placing Price represents a discount of approximately 6.7 per cent. to the price of 5.625 pence per existing Ordinary Share, being the closing price at the preceding business days prior to this announcement.

Cantor Fitzgerald Europe acted as sole bookrunner and nominated adviser to the Company in connection with the Placing. The Placing is not underwritten.

Following this transaction Bill Mawer holds 5,204,682 Ordinary Shares, representing approximately 3.8% of the enlarged total issued share capital and voting rights of the company.

Pursuant to the Placing and Subscription, application has been made for Admission. Subject to the Placing Agreement not having been terminated in accordance with its terms, it is anticipated that Admission will occur at 8.00 a.m. on or around 12 May 2017. The Placing Shares and the

Subscription Shares will be credited as fully paid and rank pari passu with the existing Ordinary Shares.

Following Admission, the Company will have a total of 135,604,577 Ordinary Shares in issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR"). In addition, market soundings (as defined in MAR) were taken in respect of the Placing with the result that certain persons became aware of inside information (as defined in MAR), as permitted by MAR. This inside information is set out in this Announcement. Therefore, those persons that received inside information in a market sounding are no longer in possession of such inside information relating to the Company and its securities.

For further information on the Company, please visit www.ish.co.uk and for further information on the products, please visit: www.3dx-ray.com

Enquiries

Image Scan Holdings plc	[phone]
Bill Mawer, Chairman and Chief Executive Officer	[e-mail]
Sarah Atwell King, Company Secretary
Cantor Fitzgerald Europe	[phone]
(Nominated Adviser and Broker)
Rick Thompson / Michael Reynolds (Corporate Finance)
David Banks / Alex Pollen (Sales)

Bill Mawer - PDMR Notification Form

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	William Mawer
2	Reason for notification
a.	Position/Status	Chairman and Chief Executive Officer
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Image Scan Holdings plc
b.	LEI	-
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a.	Description of the financial instrument, type of instrument Identification Code	Ordinary shares of £0.01 each GB0031410581
b.	Nature of the transaction	Subscription for shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.0525	500,000
d.	Aggregated information - Aggregated Volume - Price	500,000 5.25 pence
e.	Date of the transaction	10 May 2017
f.	Place of the transaction	AIM

 

END

 

 

ROIGCGDULBBBGRG