REG - Kromek Group PLC - Result of Open Offer, General Meeting and TVR
25/05/2023 15:00
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RNS Number : 7002A Kromek Group PLC 25 May 2023
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under The Market Abuse Regulation
(EU 596/2014) pursuant to The Market Abuse (Amendment) (EU Exit) Regulations
2018. Upon the publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in the public
domain.
Not for publication, distribution or release directly or indirectly, in whole
or in part, in or into the United States of America, Canada, Russia,
Australia, Japan, the Republic of Ireland, the Republic of South Africa, New
Zealand, Cayman Islands, Barbados, Switzerland, the State of Kuwait or
Singapore in or into any other jurisdiction where offers or sales would be
prohibited by applicable law. This announcement is for information purposes
only and is not an offer to sell or a solicitation to buy securities
in Kromek Group plc or any other entity in any jurisdiction, including the
United States of America, Canada, Russia, Australia, Japan, the Republic of
Ireland, the Republic of South Africa, New Zealand, Cayman Islands, Barbados,
Switzerland, the State of Kuwait or Singapore.
Kromek Group plc
("Kromek", the "Company" or the "Group")
Result of Oversubscribed Open Offer, General Meeting
and
Total Voting Rights
Kromek (AIM: KMK), a leading developer of radiation and bio-detection
technology solutions for the advanced imaging and CBRN detection segments, is
pleased to announce that at its General Meeting held earlier today all
resolutions, as set out in the Circular dated 9 May 2023 relating to a
conditional Placing and Subscription to raise £7.0 million and an Open Offer
to raise up to an additional £1.0 million, were duly passed. The Company is
also pleased to announce that it has raised £1.0 million via the Open Offer
and, accordingly, has raised total gross proceeds of approximately £8.0
million through the Transaction.
The Open Offer closed for acceptances at 11.00 a.m. on 23 May 2023 and was
oversubscribed. Valid acceptances have been received in respect of 74,749,006
Open Offer Shares, representing approximately 363 per cent. of the Open Offer
Shares available under the Open Offer. In accordance with the terms and
conditions of the Open Offer, all applications made pursuant to the Open Offer
(other than Excess Shares applied for under the Excess Application Facility)
have been met in full and a scaling back exercise has been undertaken in
respect of applications for Excess Shares. The Company has therefore raised
gross proceeds of approximately £1.0 million through the Open Offer.
As set out in the Circular dated 9 May 2023, certain Directors of the Company
indicated their intention to participate in the Transaction. Following the
completion of the Transaction and on Admission, their interests in Ordinary
Shares will be as follows:
Director Position Number of Ordinary Shares held prior to the Transaction Number of Ordinary Shares held as a percentage of the Existing Ordinary Share Number of Directors' Subscription Shares subscribed for Number of Shares under the Placing Number of Ordinary Shares held following the Transaction Percentage of Ordinary Shares held following the Transaction
Capital
Rakesh Sharma* Chairman 807,539 0.19% 400,000 - 1,207,539 0.20%
Arnab Basu Chief Executive Officer 2,988,750 0.69% 100,000 - 3,088,750 0.52%
Paul Farquhar Chief Financial Officer 66,500 0.02% - 100,000 166,500 0.03%
Lawrence Kinet Non-Executive Director 350,000 0.08% 400,000 - 750,000 0.13%
Jerel Whittingham Non-Executive Director 364,890 0.08% 300,000 - 664,890 0.11%
Christopher Wilks Non-Executive Director 177,941 0.04% 100,000 - 277,941 0.05%
* Subscribed by his connected person, Kathleen Elizabeth Sharma
Application has been made for a total of 160,564,372 New Ordinary Shares, to
be issued pursuant to the Transaction, to be admitted to trading on AIM. It is
expected that Admission and dealings in the 160,564,372 New Ordinary Shares
will commence on or around 8.00 a.m. on 26 May 2023. Following Admission, the
Enlarged Share Capital of the Company will consist of 592,416,192 Ordinary
Shares, none of which are held in treasury. Therefore, the total number of
voting rights in the Company will be 592,416,192 and this figure 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.
This announcement should be read in conjunction with the full text of the
Circular posted to Shareholders on 9 May 2023, copies of which are available
on the Company's website at: www.kromek.com/investor-relations. The same
definitions apply throughout this announcement as are applied in the Circular.
For further information, please contact:
Kromek Group plc
Arnab Basu, CEO +44 (0)1740 626 060
Paul Farquhar, CFO
finnCap Ltd (Nominated Adviser and Broker)
Geoff Nash/Emily Watts/Seamus Fricker/ George Dollemore - Corporate Finance +44 (0)20 7220 0500
Tim Redfern/Charlotte Sutcliffe - ECM
Gracechurch Group (Financial PR)
Harry Chathli/Claire Norbury +44 (0)20 4582 3500
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Rakesh Sharma
2. Reason for the Notification
a) Position/status Non-Executive Chairman
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Kromek Group plc
b) LEI 213800VLHYXGHEX5VQ48
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 1 penny each
Identification code GB00BD7V5D43
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
5p 400,000
d) Aggregated information:
Aggregated volume See 4c) above
Price
e) Date of the transaction 25 May 2023
f) Place of the transaction London Stock Exchange, AIM Market
d)
Aggregated information:
Aggregated volume
Price
See 4c) above
e)
Date of the transaction
25 May 2023
f)
Place of the transaction
London Stock Exchange, AIM Market
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Arnab Basu
2. Reason for the Notification
a) Position/status Chief Executive Officer
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Kromek Group plc
b) LEI 213800VLHYXGHEX5VQ48
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 1 penny each
Identification code GB00BD7V5D43
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
5p 100,000
d) Aggregated information:
Aggregated volume See 4c) above
Price
e) Date of the transaction 25 May 2023
f) Place of the transaction London Stock Exchange, AIM Market
d)
Aggregated information:
Aggregated volume
Price
See 4c) above
e)
Date of the transaction
25 May 2023
f)
Place of the transaction
London Stock Exchange, AIM Market
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Paul Farquhar
2. Reason for the Notification
a) Position/status Chief Financial Officer
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Kromek Group plc
b) LEI 213800VLHYXGHEX5VQ48
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 1 penny each
Identification code GB00BD7V5D43
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
5p 100,000
d) Aggregated information:
Aggregated volume See 4c) above
Price
e) Date of the transaction 25 May 2023
f) Place of the transaction London Stock Exchange, AIM Market
d)
Aggregated information:
Aggregated volume
Price
See 4c) above
e)
Date of the transaction
25 May 2023
f)
Place of the transaction
London Stock Exchange, AIM Market
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Lawrence Kinet
2. Reason for the Notification
a) Position/status Non-Executive Director
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Kromek Group plc
b) LEI 213800VLHYXGHEX5VQ48
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 1 penny each
Identification code GB00BD7V5D43
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
5p 400,000
d) Aggregated information:
Aggregated volume See 4c) above
Price
e) Date of the transaction 25 May 2023
f) Place of the transaction London Stock Exchange, AIM Market
d)
Aggregated information:
Aggregated volume
Price
See 4c) above
e)
Date of the transaction
25 May 2023
f)
Place of the transaction
London Stock Exchange, AIM Market
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jerel Whittingham
2. Reason for the Notification
a) Position/status Non-Executive Director
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Kromek Group plc
b) LEI 213800VLHYXGHEX5VQ48
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 1 penny each
Identification code GB00BD7V5D43
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
5p 300,000
d) Aggregated information:
Aggregated volume See 4c) above
Price
e) Date of the transaction 25 May 2023
f) Place of the transaction London Stock Exchange, AIM Market
d)
Aggregated information:
Aggregated volume
Price
See 4c) above
e)
Date of the transaction
25 May 2023
f)
Place of the transaction
London Stock Exchange, AIM Market
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Christopher Wilks
2. Reason for the Notification
a) Position/status Non-Executive Director
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Kromek Group plc
b) LEI 213800VLHYXGHEX5VQ48
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 1 penny each
Identification code GB00BD7V5D43
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
5p 100,000
d) Aggregated information:
Aggregated volume See 4c) above
Price
e) Date of the transaction 25 May 2023
f) Place of the transaction London Stock Exchange, AIM Market
d)
Aggregated information:
Aggregated volume
Price
See 4c) above
e)
Date of the transaction
25 May 2023
f)
Place of the transaction
London Stock Exchange, AIM Market
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