REG - Harland & Wolff - Result of Placing and PrimaryBid Offer

Harland & Wolff groupAnnouncement

23/11/2021 13:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211123:nRSW3039Ta&default-theme=true

RNS Number : 3039T  Harland & Wolff Group Holdings PLC  23 November 2021

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO, THE UNITED STATES (INCLUDING ITS TERRITORIES AND
POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA),
CANADA, AUSTRALIA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY
OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. PLEASE SEE THE
IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

This announcement contains inside information for the purposes of the UK
version of Article 7 of Regulation (EU) 596/2014 ("MAR").  In addition,
market soundings (as defined in MAR) were taken in respect of the Placing with
the result that certain persons became aware of inside information (as defined
in MAR), as permitted by MAR.  This inside information is set out in this
announcement.  Therefore, those persons that received inside information in a
market sounding are no longer in possession of such inside information
relating to the Company and its securities.

 

23 November 2021

 

Harland & Wolff Group Holdings plc

("Harland & Wolff" or the "Company")

Result of Placing and PrimaryBid Offer

Harland & Wolff Group Holdings plc (AIM: HARL), the UK quoted company
focused on strategic infrastructure projects and physical asset lifecycle
management, announces that, further to its announcements made yesterday
regarding the Fundraising, it has completed the bookbuild for the Placing and
closed the PrimaryBid Offer.

 

The Company is pleased to announce that the Placing has raised £7.3 million
(before expenses) through the placing of 36,522,261 Placing Shares with
certain existing and new institutional investors at the Issue Price, through
its broker Cenkos Securities plc. Furthermore, the PrimaryBid Offer has
conditionally raised an additional £0.9 million (before expenses), through
the subscription of 4,675,230 PrimaryBid Shares at the Issue Price.

Accordingly, the Company has conditionally raised a total of £8.2 million
(before expenses) and approximately £7.7 million net of expenses, to
facilitate the growth of the business, more detail of which is set out in
yesterday's announcement and the explanatory Circular, which is expected to be
posted to shareholders on 24 November 2021 and will be published on the
Company's website.

 

Issue of Equity and General Meeting

 

Application has been made for the First Placing Shares, being 19,403,667 New
Shares to be admitted to trading on AIM on 26 November 2021. Following First
Admission, the Company's issued share capital will be 141,094,016.

 

Application will be made for the Second Placing Shares, being 17,118,594 New
Shares and the PrimaryBid Shares, being 4,675,230 New Shares to be admitted to
trading on AIM on 13 December 2021. Following Second Admission, the Company's
issued share capital will be 162,887,840. Second Admission remains subject to
the passing of the Resolutions by Shareholders at the Company's General
Meeting to be held on 10 December 2021.

 

The above figures may be used by Shareholders following First Admission and
Second Admission respectively as the denominator for the calculations by which
they will determine whether they are required to notify their interest in, or
a change to their interest in, the share capital of Company under the
Disclosure Guidance and Transparency Rules sourcebook of the FCA.

 

Capitalised terms not otherwise defined in the text of this announcement have
the meaning given to them in the Company's announcement released on 22
November 2021 at 5.41pm under RNS number 1838T.

 

 

 

For further information, please visit www.harland-wolff.com or contact:

 

 Harland & Wolff Group Holdings plc                                   +44 (0)20 3900 2122

 John Wood, Chief Executive Officer                                   investor@harland-wolff.com (mailto:investor@harland-wolff.com)

 Seena Shah, Head of Marketing & Communications                       media@harland-wolff.com (mailto:media@harland-wolff.com)

 Cenkos Securities plc (Nominated Adviser & Broker)                   +44 (0)20 7397 8900

 Stephen Keys / Callum Davidson / Dan Hodkinson (Corporate Finance)

 Michael Johnson (Sales)

 

 

 

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  ROIPPGPAGUPGGPW