REG - Rank Group PLC - Update on recent press speculation

RankAnnouncement

05/11/2020 07:01

RNS Number : 3145E
  
Rank Group PLC
  
05 November 2020
  
 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2016
 
FOR IMMEDIATE RELEASE
 
 
LEI: 213800TXKD6XZWOFTE12
 
5 November 2020
 
 
The Rank Group Plc 
("Rank", the "Company" or the "Group")
 
 
Update on recent press speculation
 
Rank notes the recent press speculation regarding the possibility of the Company undertaking an equity issue.
 
The Board continuously reviews the Group's financial position and confirms it is in discussions with its advisers regarding a potential equity issuance of up to a maximum of 19.9% of its issued share capital.
 
Such an equity issuance would be intended to strengthen Rank's balance sheet in this unprecedented trading environment. There can be no certainty that the equity issuance will proceed.
 
A further update will be provided if and as appropriate.
 
The person responsible for releasing this announcement is Luisa Wright.
 
 
Enquiries:
 




The Rank Group Plc 


 




Sarah Powell, director of investor relations (investor enquiries)


Tel: 01628 504 303




 


 




FTI Consulting LLP


 




Ed Bridges


Tel: 020 3727 1067




Alex Beagley


Tel: 020 3727 1045




 
 
IMPORTANT INFORMATION
There can be no certainty that any possible financing contemplated in this announcement will proceed or as to the terms on which any possible financing, if decided upon, might be concluded. This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.
 
No securities of Rank have been or will be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and no such securities may be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with all applicable securities laws of any state or other jurisdiction of the United States. No public offering of securities will be made by Rank in the United States. 
 
No person has been authorised to give any information or to make any representations other than those contained in this announcement.
 
The issue of this announcement shall not, for the avoidance of doubt, in any circumstances, create any implication that Rank shall be required to provide further updates on the status of any matters contemplated in this announcement (save as may be required by law or regulation).

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