REG - Conygar Investmnt Co - Result of ZDP Issue

Conygar Investment CoAnnouncement

02/10/2023 08:00

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RNS Number : 2593O  Conygar Investment Company PLC(The)  02 October 2023

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT ARE NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN
OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, THE
REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EUROPEAN ECONOMIC
AREA OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF
LOCAL APPLICABLE SECURITIES LAWS OR REGULATIONS.

 

PLEASE SEE THE SECTION ENTITLED "IMPORTANT NOTICE" TOWARDS THE END OF THIS
ANNOUNCEMENT.

 

 

2 October 2023

 

 

 

The Conygar Investment Company PLC (the "Company")

Conygar ZDP PLC (the "Issuer")

 

Result of ZDP Issue

Further to the announcement made on 28 September 2023, the Issuer is pleased
to announce that it has raised gross proceeds of £15.0 million pursuant to a
placing (the "Placing") and parent subscription (the "Parent Subscription" and
together with the Placing the "Issue") of 15,000,000 zero dividend preference
shares ("ZDP Shares") at a price of £1.00 per ZDP Share (the "Issue Price").
Further details will be provided in the listing document (the "Listing
Document") expected to be published by the Issuer on 3 October 2023. The
Parent Subscription amounted to a total of 10 million ZDP Shares as part of
the Issue.

The ZDP Shares have a life of five years and a final capital entitlement of
153.86 pence per ZDP Share on the 4 October 2028 (the "ZDP Repayment Date"),
equivalent to a gross redemption yield of 9.0 per cent. per annum on the Issue
Price.

Admission and dealings

Applications will be made to The International Stock Exchange for the ZDP
Shares issued pursuant to the Issue to be admitted to the Official List of The
International Stock Exchange ("Admission"). It is expected that Admission will
become effective at 8.00 a.m. on 4 October 2023. The ISIN number of the ZDP
Shares is GB00BMGBHD21 and the SEDOL code is BMH6RG9. It is expected that
CREST accounts will be credited as soon as reasonably practicable after 8.00
a.m. on 4 October 2023 in respect of ZDP Shares issued in uncertificated form
and that definitive share certificates in respect of ZDP Shares held in
certificated form will be despatched by post within 10 business days of
Admission.

 

Enquiries:

 

 The Conygar Investment Company PLC       +44 (0) 20 7258 8670

                                          Robert Ware / David Baldwin

 Liberum Capital Limited                  +44 (0) 20 3100 2000
 Financial Adviser and Sole Bookrunner    Chris Clarke / Darren Vickers / Owen Matthews / Will King

 Nominated Adviser and Broker             +44 (0) 20 3100 2185

                                          Richard Lindley / Jamie Richards

 Temple Bar Advisory (Public Relations)   +44 (0) 7795 425580

                                          Alex Child-Villiers

 

IMPORTANT NOTICE

 

Liberum, which is a member of the London Stock Exchange, is authorised and
regulated in the UK by the FCA and is acting exclusively for the Issuer and
the Company in connection with the Issue, Admission and any other matter
referred to in this announcement. Liberum will not regard any other person as
its client in relation to the Issue, Admission or any other transaction or
arrangement referred to in this announcement and will not be responsible to
anyone other than the Issuer and the Company for providing the protections
afforded to its clients or for providing any advice in relation to the Issue,
Admission or any other transaction or arrangement referred to in this
announcement.

 

Apart from the responsibilities and liabilities, if any, which may be imposed
on Liberum by FSMA or the regulatory regime established thereunder, Liberum
does not make any representation, express or implied, in relation to, nor
accepts any responsibility whatsoever for, the contents of this announcement
or any other statement made or purported to be made by it or on its behalf in
connection with the Issuer, the Company, the ZDP Shares, the Issue, Admission
or any other transaction or arrangement referred to in this announcement, 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 future. Liberum and
its affiliates accordingly, to the fullest extent permissible by law, disclaim
all and any responsibility or liability (save for any statutory liability)
whether arising in tort, contract or otherwise which it or they might
otherwise have to any person, other than the Issuer and the Company, in
respect of this announcement or any such statement.

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