REG - Cohort PLC - Result of the Retail Offer

CohortAnnouncement

21/11/2024 11:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241121:nRSU1863Na&default-theme=true

RNS Number : 1863N  Cohort PLC  21 November 2024

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, THE
REPUBLIC OF SOUTH AFRICA, NEW ZEALAND OR JAPAN OR ANY OTHER JURISDICTION IN
WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BREACH ANY APPLICABLE
LAW OR REGULATION.

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
COHORT PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT
NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE RELIED ON IN
CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF COHORT PLC.

 

For immediate release

21 November 2024

COHORT PLC

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

 

Result of the Retail Offer

 

 

Cohort plc (AIM: CHRT), the independent technology group, is pleased to
announce that, following the close of the Retail Offer announced earlier today
(the "Retail Offer Launch Announcement"), it has conditionally raised gross
proceeds of £1 million consisting of 114,285 new Ordinary Shares of 10 pence
each in the capital of the Company (the "Retail Offer Shares") at a price of
875 pence per Retail Offer Share (the "Issue Price").

Consequently, 4,571,428 Placing Shares and 114,285 Retail Offer Shares
(together the "New Ordinary Shares"), totalling 4,685,713 New Ordinary Shares
will be issued at the Issue Price subject to the conditions set out in the
Launch Announcement.

A separate announcement has been made regarding the results of the Placing.

Capitalised terms not defined in this announcement (this "Announcement") have
the meanings given to them in the Retail Offer Launch Announcement.

Admission, settlement and dealings

Application has been made to the London Stock Exchange for the 114,285 Retail
Offer Shares to be admitted to trading on the AIM market of the London Stock
Exchange ("Admission").

Admission is expected to take place at 8.00 a.m. on 25 November 2024 and
dealings in the Retail Offer Shares are expected to commence at 8.00 a.m. on
25 November 2024.

The Retail Offer Shares, when issued, will be credited as fully paid and will
rank pari passu in all respects with the Existing Ordinary Shares, including
the right to receive all dividends and other distributions declared, made or
paid after the date of issue.

Following the issue of the New Ordinary Shares, the Company will have
46,552,085 Ordinary Shares of 10 pence each in issue. The figure of
46,552,085 may be used by the Company's 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
Financial Conduct Authority's Disclosure Rules and Transparency Rules.

 

For further information please contact:

 Cohort plc                                                                      0118 909 0390
 Andrew Thomis, Chief Executive
 Simon Walther, Finance Director
 Raquel McGrath, Company Secretary and General Counsel

 Investec Bank Plc (Sole Financial Adviser, Nominated Adviser, Corporate Broker  020 7597 5970
 and Bookrunner)
 Christopher Baird, Carlton Nelson, Charlotte Young

 PrimaryBid Limited
 Fahim Chowdhury, James Deal                                                     enquiries@primarybid.com

 

 

 

IMPORTANT NOTICES

The information contained in this Announcement is for information purposes
only and does not purport to be full or complete. No reliance may be placed
for any purpose on the information contained in this Announcement or its
accuracy, fairness or completeness. The information in this Announcement is
subject to change.

Neither this Announcement, nor any copy of it, may be taken or transmitted,
published or distributed, directly or indirectly, in, or into the United
States, Australia, Canada, Japan, or South Africa or to any persons in any of
those jurisdictions or any other jurisdiction where to do so would constitute
a violation of the relevant securities laws of such jurisdiction.

This Announcement is for information purposes only and does not constitute an
offer to sell or issue, or the solicitation of an offer to buy, acquire or
subscribe for any shares in the capital of the Company in the United States,
Australia, Canada, Japan or South Africa or any other state or jurisdiction in
which such offer or solicitation is not authorised or to any person to whom it
is unlawful to make such offer or solicitation. Any failure to comply with
these restrictions may constitute a violation of securities laws of such
jurisdictions.

The New Ordinary Shares have not been, and will not be, registered under the
US Securities Act of 1933, as amended (the "US Securities Act") or under any
securities laws of any state or other jurisdiction of the United States and
may not be offered, sold, resold, transferred or delivered, directly or
indirectly, in or into the United States except pursuant to an applicable
exemption from, or in a transaction not subject to, the registration
requirements of the US Securities Act and in compliance with the securities
laws of any state or other jurisdiction of the United States. No public
offering of the New Ordinary Shares is being made in the United States.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ROIBBBDBSBDDGSB