REG - MJ Hudson Group PLC - Results of Placing and Retail Offer

MJ HudsonAnnouncement

11/08/2022 07:00

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RNS Number : 6867V  MJ Hudson Group PLC  11 August 2022

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS NOT FOR
PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN
PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, THE REPUBLIC
OF SOUTH AFRICA, JAPAN OR NEW ZEALAND OR INTO ANY OTHER JURISDICTION WHERE TO
DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION. NEITHER THIS ANNOUNCEMENT
NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN
CONNECTION WITH, ANY OFFER OR COMMITMENT WHATSOEVER IN ANY JURISDICTION.

THIS ANNOUNCEMENT WAS DEEMED BY THE COMPANY TO CONTAIN INSIDE INFORMATION AS
STIPULATED UNDER THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR") AS
THEY FORM PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL)
ACT 2018. WITH THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

11 August 2022

 

 

 

MJ Hudson Group plc

(the "Company", "Group" or "MJ Hudson")

 

Results of Placing and Retail Offer

 

Further to the Company's announcement of 10 August 2022 regarding the proposed
placing via accelerated bookbuild (the "Placing Announcement"), the Company is
pleased to announce that it has successfully raised £9.0 million (before
expenses) under the Placing through the issuance of 30,000,000 Placing Shares
at the Issue Price.

 

In addition, the Company is also pleased to announce that it has raised £0.22
million (before expenses) through the subscription of 742,463 Retail Offer
Shares under Retail Offer following the closing of the offer on 10 August
2022.

 

The following Directors and PDMRs have subscribed for the following amounts of
Placing Shares.

 

 Shareholder     Number of existing Shares  % of Existing Issued Share Capital  Number of Placing Shares subscribed for at the Issue Price  Number of Shares held on Admission  % of Issued Share Capital on Admission
 Matthew Hudson  47,698,044*                27.63%                              2,754,338                                                   50,452,382                          24.81%
 Odi Lahav       802,259                    0.46%                               25,000                                                      827,259                             0.41%
 Andrew Walsh    65,295                     0.04%                               40,000                                                      105,295                             0.05%

 

*Includes 8,517,340 Ordinary Shares held by Katherine Hudson, wife of Matthew

 

As Directors of the Company, Matthew Hudson (CEO) and Odi Lahav (COO) are
deemed to be related parties of the Company pursuant to the AIM Rules, as is
Canaccord Genuity Wealth Management ("Canaccord") as a substantial shareholder
of the Company. The aggregate participation in the Placing by Matthew and Odi
constitutes a related party transaction for the purposes of Rule 13 of the AIM
Rules and the participation by Canaccord constitutes a separate related party
transaction. The independent Directors of the Company, being all directors
other than Matthew Hudson and Odi Lahav who are both subscribing for New
Ordinary Shares consider, having consulted with the Company's nominated
adviser, that the terms of these transactions are fair and reasonable insofar
as the Company's Shareholders are concerned.

The Placing and Retail Offer remain conditional on the passing of the
Resolution by Shareholders at the General Meeting and the New Ordinary Shares
being admitted to trading on AIM. Application will be made for 30,742,463
New Ordinary Shares (representing the 30,000,000 Placing Shares and the
742,463 Retail Offer Shares) to be admitted to trading on AIM ("Admission"),
which is expected to be take place at 8.00 a.m. on 1 September 2022.

Following Admission, the Company will have 203,370,228 Ordinary Shares in
issue carrying voting rights admitted to trading on AIM. This figure,
203,370,228, 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 under the FCA's
Disclosure Guidance and Transparency Rules.

A circular, containing further details of the Fundraising and notice of the
General Meeting to be held at 2.00 pm on 31 August 2022 to, inter alia,
approve the Resolutions required to implement the Fundraising, is expected to
be published and despatched to Shareholders today (the "Circular").
 Following its publication, the Circular will be available to view on the
Group's website at https://mjhudson.com/investors/
(https://mjhudson.com/investors/)

Other than where defined, capitalised terms used in this announcement have the
meanings given to them in the Placing Announcement.

 

 

For further information, please contact:

 

 MJ Hudson Group plc                       +44 20 3463 3200

 Matthew Hudson, CEO

 Cenkos Securities plc (Nomad and Broker)  +44 20 7397 8900

 Giles Balleny

 Stephen Keys

 Callum Davidson

 

 Buchanan (PR Adviser)    +44 20 7466 5000

 Stephanie Whitmore

 Kim Looringh-van Beeck

 George Cleary

About MJ Hudson

 

MJ Hudson (AIM:MJH) is the end-to-end solutions provider to the US$100
trillion+ asset management industry, specialising in its fastest growing
segment, private markets (including private equity and venture capital).

The Company offers investors access to the growth in private markets as a
tech-enabled 'picks and shovels' play.

Founded in 2010, by CEO Matthew Hudson (a private markets lawyer and former
fund manager), MJ Hudson was admitted to the AIM market of the London Stock
Exchange in 2019. The Group has grown to more than 300 professionals, serving
more than 1,000 clients, across the globe, including some of the industry's
largest players and 18 of the FTSE 100.

Several factors have contributed to the Group's success, to date, and support
strong growth expectations, for the future:

1.  As private markets grow, so do scrutiny and regulation, increasing the
need for the Group's specialist advice and services, particularly in areas
like ESG, where it has award-winning solutions

2.  As it evolves, the sector is increasingly embracing technology, data, and
analytics, where MJ Hudson has award-winning tools and in which it continues
to invest

3.  The Group's multi-service approach creates multiple client touchpoints,
building stronger, longer-term relationships, and making it easier to sell in
additional MJ Hudson services

4.  Performing these services generates vast amounts of data, which MJ Hudson
aggregates and analyses, in order to further support its clients, by
developing new tools and fine-tuning existing services

For more information, please visit our website: www.mjhudson.com/investors
(http://www.mjhudson.com/investors)

LinkedIn: www.linkedin.com/company/mj-hudson/
(http://www.linkedin.com/company/mj-hudson/)
Twitter: www.twitter.com/MJHudsonCorp (http://www.twitter.com/MJHudsonCorp)

 

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