REG - Bigblu Broadband PLC - Result of Tender Offer

Bigblu BroadbandAnnouncement

23/04/2025 15:45

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RNS Number : 9137F  Bigblu Broadband PLC  23 April 2025

23 April 2025

 

This release contains inside information within the meaning of Article 7(1) of
the EU Market Abuse Regulation (2014/596/EU), or EU MAR, and of the UK version
of EU MAR as it forms part of UK law by virtue of the European Union
(Withdrawal) Act (as amended).

 

Bigblu Broadband plc

(the "Company")

Result of Tender Offer

Bigblu Broadband plc (AIM:BBB), a leading provider of alternative super-fast
and ultra-fast broadband services, is pleased to announce the results of the
Tender Offer set out in the circular published by the Company on 3 March 2025
(the "Circular"), which closed at 1.00 p.m. on 22 April 2025. The Tender Price
was 40 pence per Share.

 

Results of Tender Offer

 

The Company offered to purchase up to a maximum of 15,250,000 Ordinary Shares
(being approximately 26 per cent. of the Company's existing issued share
capital) under the Tender Offer. In total, 14,939,838 Ordinary Shares were
validly tendered under the Tender Offer and excess applications were received
in respect of 37,616,220 Ordinary Shares. As such, the total number of
Ordinary Shares being acquired by the Company is the maximum of 15,250,000.
All valid tenders were satisfied in full pursuant to their Basic Entitlement
(rounded down to the nearest whole number of Ordinary Shares) and excess
applications were satisfied based on a percentage proportion of the Total
Excess tenders received.

 

It is expected that, in respect of Tender Offer proceeds for uncertificated
Ordinary Shares. CREST accounts will be credited on or before 29 April 2025
and that, in respect of Tender Offer proceeds for certificated Ordinary
Shares, cheques will be despatched by 6 May 2025.

 

The 15,250,000 Ordinary Shares tendered under the Tender Offer will be
repurchased by the Company under the Option Agreement and cancelled.

 

The ordinary issued share capital of the Company following the purchase by the
Company will be 43,597,018 (with no ordinary shares held in treasury). The
total voting rights in the Company following the purchase by the Company and
cancellation will be 43,597,018.

 

The figure of 43,597,018 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
FCA's Disclosure Guidance and Transparency Rules

 

Terms used in this announcement have the same meaning as in the Circular. The
Circular can be viewed on, and downloaded from, the Company's website at:
https://bbb-plc.com/investor-information/aim-rule-26
(https://bbb-plc.com/investor-information/aim-rule-26)

 

 

For further information

 Bigblu Broadband PLC                                                               www.bbb-plc.com (http://www.bbb-plc.com/)
 Frank Waters, Chief Executive Officer                                              www.bbb-plc.com
 Cavendish Capital Markets Limited (Nomad and Broker)                               Tel: +44 (0)20 7220 0500

 Marc Milmo / Finn Gordon (Corporate Finance)

 Tim Redfern / Jamie Anderson (ECM)
                              Cautionary note regarding forward-looking statements

This announcement includes statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements can be
identified by the use of forward-looking terminology, including the terms
"believes", "estimates", "forecasts", "plans", "prepares", "targets",
"anticipates", "projects", "expects", "intends", "may", "will", "seeks", or
"should" or, in each case, their negative or other variations or comparable
terminology, or by discussions of strategy, plans, objectives, goals, future
events or intentions. These forward-looking statements include all matters
that are not historical facts. They appear in a number of places throughout
this announcement and include statements regarding the Company's and the
Directors' intentions, beliefs or current expectations concerning, amongst
other things, the Company's prospects, growth and strategy. No statement in
this announcement is intended to be a profit forecast and no statement in this
announcement should be interpreted to mean the Company's performance in future
would necessarily match or exceed the historical published performance of the
Company.

 

By their nature, forward-looking statements involve risks and uncertainties
because they relate to future events and depend on circumstances that may or
may not occur in the future. Forward-looking statements are not guarantees of
future performance. The Company's actual performance, achievements and
financial condition may differ materially from those expressed or implied by
the forward-looking statements in this announcement. In addition, even if the
Company's results of operations, performance, achievements and financial
condition are consistent with the forward-looking statements in this
announcement, those results or developments may not be indicative of results
or developments in subsequent periods.

 

Any forward-looking statements that the Company makes in this announcement
speak only as of the date of such statement, and none of the Company or the
Directors undertake any obligation to update such statements unless required
to do so by applicable law. Comparisons of results for current and any prior
periods are not intended to express any future trends or indications of future
performance, unless expressed as such, and should only be viewed as historical
data.

 

 

 

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