Inland Homes PLC - PrimaryBid.com Offer
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM
THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF INLAND HOMES PLC.
THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 ("FSMA") AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 779021).
Capitalised terms used in the Placing Announcement have the same meanings in this announcement.
As set out in the Placing Announcement, the Company is also today conducting a Placing of new Ordinary Shares at the Issue Price by way of an accelerated bookbuild process managed by
The Issue Price represents a discount of 11.2 per cent. to the closing middle market price of an Ordinary Share on
The PrimaryBid Offer and the Placing are conditional upon the New Ordinary Shares being admitted to trading on AIM ("Admission"). Admission is expected to be take place at or around
The Company will use the net proceeds of the PrimaryBid Offer as described more fully in the Placing Announcement.
The PrimaryBid Offer
The Company values its retail investor base and is therefore pleased to provide private and other investors the opportunity to participate in the PrimaryBid Offer by applying exclusively through the www.PrimaryBid.com platform and the PrimaryBid mobile app available on the
The PrimaryBid Offer, via the PrimaryBid.com platform, will be open to individual and institutional investors from 7.00.a.m. on
Subscriptions under the PrimaryBid Offer will be considered by the Company on a "first come, first served" basis, subject to certain conditions which are available to view on PrimaryBid.com.
No commission will be charged to investors on applications to participate in the PrimaryBid Offer made through PrimaryBid. It is important to note that once an application for PrimaryBid Subscription Shares has been made and accepted via PrimaryBid, that application is irrevocable and cannot be withdrawn.
For further information on PrimaryBid.com or the procedure for applications under the PrimaryBid Offer, visit www.PrimaryBid.com or call PrimaryBid.com on +44 20 3026 4750. Additional information on the PrimaryBid Offer are set out below.
The PrimaryBid Subscription Shares will be issued free of all liens, charges and encumbrances and will, when issued and fully paid, rank pari passu in all respects with the Company's existing Ordinary Shares in issue, including the right to receive all dividends and other distributions declared, made or paid after the date of issue.
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Tel: +44 (0) 1494 762 450
+44 (0) 20 3026 4750
Nominated Adviser and Broker
Tel: +44 (0) 20 7886 2500
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Further details of the PrimaryBid Offer
The Company highly values its retail investor base which has supported the Company over several years. Given this longstanding support, the Company believes that it is appropriate to provide retail and other interested investors with the opportunity to participate in the Capital Raising through the PrimaryBid Offer. The Company is therefore making the PrimaryBid Offer available exclusively through PrimaryBid.com.
It is a term of the PrimaryBid Offer that the total value of PrimaryBid Subscription Shares available for subscription at the Issue Price does not exceed
The PrimaryBid Offer is open to existing shareholders and other individual investors subscribing via PrimaryBid.com. There is a minimum subscription of
The Company, in consultation with PrimaryBid, reserves the right to scale back any order at its discretion.
For further details please refer to www.PrimaryBid.com. The terms and conditions on which the Offer is made, including the procedure for application and payment for PrimaryBid Subscription Shares, is available to all persons who register with PrimaryBid.com.
It should be noted that a subscription for the PrimaryBid Subscription Shares and any investment in the Company carry a number of risks. Investors should make their own investigations into the merits of an investment in the Company. Nothing in this announcement amounts to a recommendation to invest in the Company or amounts to investment, taxation or legal advice. Investors should take independent advice from a person experienced in advising on investment in securities such as the Ordinary Shares if they are in any doubt.
This information is provided by RNS, the news service of the
Quick facts: Inland Homes PLC
Market Cap: £117.6 m
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