REG - Rosslyn Data Tech. - Result of Retail Offer

Rosslyn Data TechnologiesAnnouncement

11/10/2024 08:00

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RNS Number : 8559H  Rosslyn Data Technologies PLC  11 October 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW
PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON
LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE,
PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO
THE UNITED STATES, CANADA OR JAPAN.

 

 

Rosslyn Data Technologies plc

 

("Rosslyn" or the "Company")

 

Result of Retail Offer

 

Rosslyn (AIM: RDT), the provider of cloud-based enterprise data analytics
platform, is pleased to announce that, following the closing of the Retail
Offer by PrimaryBid at 4.30 p.m. on 10 October 2024, it has conditionally
raised £250,000 (before expenses) via the conditional issue of 5,000,000
Retail Offer Shares at 5 pence per Retail Offer Share. The Retail Offer was
oversubscribed with allocation preference being given to existing shareholders
of the Company.

 

Consequently, a total of 32,720,000 Placing Shares, 5,000,000 Retail Offer
Shares and 13,328,150 Conversion Shares will be issued conditional on the
passing of the Resolutions at the General Meeting on 25 October 2024.

 

Application will be made for the 68,707,425 New Ordinary Shares, comprising
the Placing Shares, Retail Offer Shares, Conversion Shares, and 17,659,275
Existing Ordinary Shares following the Capital Reorganisation to be admitted
to trading on AIM. Admission is expected to take place at 8.00 a.m. on 28
October 2024.

 

Following the issue of the New Ordinary Shares, the Company will have
68,707,425 ordinary Shares of 0.1 pence in issue. The figure of 68,707,425 may
be used by the Company's 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 Financial Conduct
Authority's Disclosure Rules and Transparency Rules.

 

As previously announced, James Appleby, Non-Executive Chairman of the Company,
has confirmed his intention, following publication of the Company's FY24
Results, to subscribe for 5,280,000 new Ordinary Shares at the Issue Price for
a subscription of £264,000. Should it proceed, a separate application will be
made for the 5,280,000 new Ordinary Shares to be admitted to trading on AIM.

 

Capitalised terms used but not defined in this announcement have the same
meanings as set out in the circular to Shareholders dated 9 October 2024.

 

Enquiries
 
 Rosslyn                                                           +44 (0)20 3285 8008

 Paul Watts, Chief Executive Officer

 James Appleby, Chairman
 PrimaryBid Limited                                                enquiries@primarybid.com (mailto:enquiries@primarybid.com)

 Nick Smith / James Deal
 Cavendish Capital Markets Limited (Nominated adviser and Broker)  +44 (0)20 7220 0500

 Stephen Keys/Camilla Hume/George Lawson
 Gracechurch Group (Financial PR)                                  +44 (0)20 4582 3500

 Claire Norbury/Anysia Virdi

 

 

Important Information

 

This Announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America. This Announcement is not
an offer of securities for sale into the United States. The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States, except pursuant to an applicable exemption from registration.
No public offering of securities is being made in the United States.

This Announcement and the information contained herein, is restricted and is
not for publication, release or distribution, directly or indirectly, in whole
or in part, in or into Australia, Canada, the Republic of South Africa, Japan
or any other jurisdiction in which such publication, release or distribution
would be unlawful.  Further, this Announcement is for information purposes
only and is not an offer of securities in any jurisdiction.

 

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