Peel Hunt LLP - Result of Accelerated Bookbuild in Loungers plc
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014
ACCELERATED BOOKBUILD OFFERING OF 9 MILLION EXISTING ORDINARY SHARES IN LOUNGERS PLC (THE "COMPANY" OR "LOUNGERS") BY CERTAIN FUNDS ADVISED BY LION CAPITAL LLP ("LION" OR THE "SELLERS")
Lion announces that, in response to market demand, they have sold 9 million existing ordinary shares at a price of
The Placing was conducted through an accelerated bookbuild.
The proceeds of the Placing are payable in cash on usual settlement terms, and closing of the Placing is expected to occur on a T+2 basis on
Following the Placing, Lion will continue to hold approximately 28.9% of the issued share capital of the Company. These shares are subject to a 3 month lock-up (subject to waiver by the Joint Bookrunners and to certain customary exceptions).
The Company will not receive any proceeds from the Placing.
Contacts / Enquiries
+44 20 7418 8914
+44 20 3100 2000
MEMBERS OF THE PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE PLACING. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS DIRECTED ONLY AT: (A) PERSONS IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA ("EEA") WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF ARTICLE 2(E) OF REGULATION (EU) 2017/1129 (THE "PROSPECTUS REGULATION") ("QUALIFIED INVESTORS") AND (B) IF IN THE
This announcement is not for publication or distribution or release, directly or indirectly, in or into
This announcement does not constitute or form part of an offer for sale or solicitation of an offer to purchase or subscribe for securities in
No prospectus or offering document has been or will be prepared in connection with the Placing. Any investment decision in connection with the Placing must be made on the basis of all publicly available information relating to
In connection with the Placing, either of the Joint Bookrunners or any of their respective affiliates may take up a portion of the Placing Shares as a principal position and in that capacity may retain, purchase, sell, offer to sell for its own accounts such Placing Shares and other securities of
This announcement does not purport to identify or suggest the risks (direct or indirect) which may be associated with an investment in
Liberum and Peel Hunt are each authorised and regulated by the
This announcement has been issued by the Joint Bookrunners on behalf of the Sellers and is the sole responsibility of the Sellers apart from the responsibilities and liabilities, if any, that may be imposed on Liberum or Peel Hunt by the Financial Services and Markets Act 2000. Neither Liberum nor Peel Hunt accepts any responsibility whatsoever and makes no representation or warranty, express or implied, for the contents of this announcement, including its accuracy, completeness or verification or for any other statement made or purported to be made by the Sellers or on the Sellers' behalf or on Liberum's or Peel Hunt's behalf, in connection with the Sellers or the Placing, and nothing in this announcement is or shall be relied upon as a promise or representation in this respect, whether as to the past or the future. Each of Liberum and Peel Hunt accordingly disclaims to the fullest extent permitted by law all and any responsibility and liability, whether arising in tort, contract or otherwise, which it might otherwise have in respect of this announcement and any such statement.
This information is provided by RNS, the news service of the
Quick facts: Loungers PLC
Market Cap: £84.64 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE