REG - Strip Tinning Hldgs - Result of Retail Offer

Strip Tinning HoldingsAnnouncement

12/01/2024 13:45

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RNS Number : 5835Z  Strip Tinning Holdings PLC  12 January 2024

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NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE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, INTO OR FROM THE UNITED STATES OF AMERICA, ITS TERRITORIES AND
POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA
(COLLECTIVELY, THE "UNITED STATES"), AUSTRALIA, CANADA, JAPAN, NEW ZEALAND,
THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH
PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.

THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS
RELATING TO THE RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO,
AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING
WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL
PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF STRIP
TINNING HOLDINGS PLC).  ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS
ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN
ONLY WITH SUCH PERSONS.

12 January 2024
 

Strip Tinning Holdings plc

("Strip Tinning" or the "Company")

Result of Retail Offer

 

Further to the announcement made by the Company on 21 December 2023, Strip
Tinning Holdings plc (AIM: STG), a leading supplier of specialist connection
systems to the automotive sector, is pleased to announce that it has raised
gross proceeds of £106,150 pursuant to its retail offer via the BookBuild
Platform from existing retail shareholders (the "Retail Offer"). Subject to
the Retail Offer becoming unconditional, a total of 265,375 new ordinary
shares of 1 pence each (the "Retail Offer Shares") will be issued at 40.0
pence per Retail Offer Share (the "Issue Price").

Consequently, subject to the passing of the Fundraising Resolution at the
General Meeting being held on Monday, 15 January 2024, 2,500,000 Placing
Shares and 265,375 Retail Offer Shares, resulting in a total of 2,765,375 New
Ordinary Shares, will be issued pursuant to the Placing and Retail Offer
raising total gross proceeds, including the gross proceeds raised from the
Convertible Loan Notes (as was announced by the Company on 20 December 2023),
of approximately £5.1 million.

Capitalised terms used in this announcement have the meanings given to them in
the announcement made by the Company at 7.00 a.m. on 20 December 2023, unless
the context provides otherwise.

 

Enquiries:

Strip Tinning Holdings
plc
Via Alma PR

Adam Robson, Executive Chairman

Richard Barton, Chief Executive
Officer

Adam Le Van, Chief Financial Officer

 

Singer Capital Markets (Nominated Adviser, Sole Broker

and Retail Offer Coordinator)
 
+44 (0) 20 7496 3000

Rick Thompson

James Fischer

 

Alma (Financial
PR)
striptinning@almastrategic.com

Joe
Pederzolli
+44 (0) 20 3405 0205

Josh Royston
 

 

IMPORTANT NOTICES

The content of this announcement has been prepared by, and is the sole
responsibility of, the Company.

 

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 or from the United States (including its territories
and possessions, any state of the United States and the District of Columbia
(the "United States" or "US")), Australia, Canada, Japan, New Zealand, the
Republic of South Africa or any other jurisdiction where to do so might
constitute a violation of the relevant laws or regulations of such
jurisdiction.

 

The distribution of this announcement may be restricted by law in certain
jurisdictions and persons into whose possession any document or other
information referred to herein comes should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.

 

Singer Capital Markets Securities Limited ("Singer"), which is authorised and
regulated in the United Kingdom by the FCA is acting exclusively for the
Company and no-one else in connection with the transactions and arrangements
described in this announcement and will not regard any other person (whether
or not a recipient of this announcement) as a client in relation to the
transactions and arrangements described in this announcement. Singer is not
responsible to anyone other than the Company for providing the protections
afforded to clients of Singer or for providing advice in connection with the
contents of this announcement, or the transactions and arrangements described
in this announcement.

 

Neither the content of the Company's website (or any other website) nor the
content of any website accessible from hyperlinks on the Company's website (or
any other website) is incorporated into or forms part of this announcement.
The Retail Offer Shares to be issued or sold pursuant to the Retail Offer will
not be admitted to trading on any stock exchange other than the AIM market of
London Stock Exchange plc.

 

 

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