REG - Intuitive Invests.Gp - Subscription

Intuitive InvestmentsAnnouncement

02/03/2022 07:00

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RNS Number : 2620D  Intuitive Investments Group plc  02 March 2022

 

Intuitive Investments Group plc

 

Subscription to raise £607,000 at 22p including Directors' participation of
£432,000

Intuitive Investments Group plc (AIM: IIG) ("IIG" or the "Company"), a
closed-end investment company focussed on the life sciences sector, further to
the announcement of 25 February 2022, announces the completion of the
subscription of new ordinary shares of 1 penny each in the share capital of
the Company ("Ordinary Shares").

The Company has raised £607,000 by the issue of 2,759,091 new Ordinary Shares
(the "Subscription Shares") at a price of 22 pence per Subscription Share (the
"Subscription").

The subscription price of 22 pence represents a premium of 33.3% to the
closing mid-market price of 16.5 pence per Ordinary Share on 24 February 2022,
being the date before the announcement of, amongst other things, the
Subscription.

Directors' participation

The Subscription includes the participation of certain of IIG's Directors and
David Evans who have subscribed in aggregate for 1,963,635 Subscription
Shares, raising £432,000 of the £607,000 gross proceeds of the Subscription
as summarised below.

 

 Participating Director(*)  Number of Existing Ordinary Shares  Amount subscribed in the Subscription  Number of Subscription Shares subscribed for  Number of Ordinary Shares following the Subscription  Percentage of IIG's share capital enlarged by the Subscription and First
                                                                                                                                                                                                           Tranche Consideration Shares
 Julian Baines (Chairman)   22,624                              £50,000                                227,272                                       249,896                                               0.38%
 David Evans                5,000,000                           £132,000                               600,000                                       5,600,000                                             8.51%
 Robert Naylor (CEO)        1,250,000                           £250,000                               1,136,363                                     2,386,363                                             3.63%

 

Admission and Total Voting Rights

Application has been made for the admission of Subscription Shares to trading
on AIM and dealings are expected to commence at 8.00 a.m. on or around 4 March
2021.

Immediately following the admission of the Subscription Shares and the
22,589,352 First Tranche Consideration Shares (the "Admission"), the Company's
enlarged share capital will comprise 65,790,267 Ordinary Shares.

Each Ordinary Share has one voting right and no Ordinary Shares are held in
treasury. Accordingly, immediately following Admission, the total number of
voting rights will be 65,790,267. From Admission, this figure may be used by
Shareholders as the denominator for the calculation 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.

Defined terms used in this Announcement carry the same meanings as those
ascribed to them in the Company's Announcement of 25 February 2022, unless the
context requires otherwise.

 

For further information, please contact:

  Intuitive Investments Group plc                      www.iigplc.com (http://www.iigplc.com/)
 Julian Baines, Non-Executive Chairman                 Via Walbrook PR

 Robert Naylor, CEO

 SP Angel Corporate Finance LLP - Nominated Adviser    +44 (0) 20 3470 0470
 Jeff Keating / David Hignell / Kasia Brzozowska

 Turner Pope Investments (TPI) Ltd - Broker            +44 (0) 20 3657 0050
 Andrew Thacker / James Pope

 Walbrook PR Limited - Media & Investor Relations      +44 (0)20 7933 8780 or intuitive@walbrookpr.com
                                                       (mailto:intuitive@walbrookpr.com)
 Paul McManus/ Sam Allen                               +44 (0) 7980 541 893 / +44 (0) 7502 558 258

 

About Intuitive Investments Group plc

The Company is an investment company seeking to provide investors with
exposure to a portfolio concentrating on fast growing and/or high potential
Life Sciences businesses operating predominantly in the UK, continental Europe
and the US, utilising the Board's experience and in particular that of the
chairman of the Investment Committee, David Evans, to seek to generate capital
growth over the long term for shareholders.

 

Dealings by Persons Discharging Managerial Responsibilities

  1   Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         1)    Julian Baines

                                                                   2)    David Evans

                                                                   3)    Robert Naylor
 2    Reason for the notification

 a)   Position/status                                              1)    Chairman

                                                                   2)    Chair of the Investment Committee

                                                                   3)    CEO

 b)   Initial notification /Amendment                               Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                          Intuitive Investments Group plc

 b)   LEI                                                          2138004A32UIY92WWR66

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  ordinary shares of 1p each

      Identification code                                          ISIN: GB00BNGFMW59

 b)   Nature of the transaction                                    Participation in Placing

 c)   Price(s) and volume(s)                                                         1.

Price(s)    Volume(s)

                                                                                     22.0 pence  227,272

 

                                                                                     2.

Price(s)    Volume(s)

                                                                                     22.0 pence  600,000

 

                                                                                     3.

Price(s)    Volume(s)
                                                                                     22.0 pence  1,136,363

 

 d)   Aggregated information

      - Aggregated volume                                          1,963,635

      - Price                                                      22.0 pence

 e)   Date of the transactions                                     28 February 2022

 f)   Place of the transaction                                     Outside a trading venue

 

2.

 Price(s)    Volume(s)
 22.0 pence  600,000

 

3.

 Price(s)    Volume(s)
 22.0 pence  1,136,363

 

 

 

 

 

 

 

 

 

 

 

 

 

d)

 

Aggregated information

- Aggregated volume

1,963,635

- Price

22.0 pence

e)

 

Date of the transactions

28 February 2022

f)

 

Place of the transaction

Outside a trading venue

 

 

 

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