REG-W.H. Ireland Group PLC Completion of Placing <Origin Href="QuoteRef">WHI.L</Origin>

WH IrelandAnnouncement

30/11/2016 07:10

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   W.H. Ireland Group PLC (WHI)
   Completion of Placing

   30-Nov-2016 / 07:00 GMT/BST
   Dissemination of a Regulatory Announcement that contains inside
   information according to REGULATION (EU) No 596/2014 (MAR), transmitted by
   EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   WH Ireland Group Plc

   ('WH Ireland' or the 'Company')

   Completion of Placing

   The Company is pleased to announce that it has successfully completed,
   subject only to admission, a cash placing to raise approximately £1.58m
   from the issue of 1,287,240  new ordinary shares of 5p each ('New Ordinary
   Shares') at a price of £1.23 per share (the 'Placing'). Application has
   been made for the New Ordinary Shares to be admitted to trading on AIM and
   dealings are expected to commence on 6 December 2016.

   The funds raised from the Placing will be used for general corporate
   purposes.

   As part of the Placing, Oceanwood Capital Management Limited has
   subscribed for 324,384 New Ordinary Shares, increasing its total holding
   to approximately 4,334,214 Ordinary Shares, representing 15.78% of the
   Company's Enlarged Share Capital. Polygon Global Partners Limited has
   subscribed for 474,992 New Ordinary Shares, increasing its total holding
   to 6,343,126 Ordinary Shares representing 23.09% of the Company's Enlarged
   Share Capital and KEH Group, through their subsidiary Integrated Financial
   Services for Buying and Selling Securities W.L.L. Co., has subscribed for
   487,864 New Ordinary Shares, increasing their total holding to
   approximately 6,525,079 Ordinary Shares representing 23.76% of the
   Company's Enlarged Share Capital.

   As the subscribers to this Placing each hold more than 10% in the issued
   share capital of the Company, this is a transaction to which Rule 13 of
   the AIM Rules for Companies applies. Accordingly, the directors of the
   Company, having consulted with the Company's nominated adviser, SPARK
   Advisory Partners Limited, consider that the terms of the transaction are
   fair and reasonable insofar as the shareholders are concerned.

   Following the issue of the New Ordinary Shares, the total number of shares
   in issue is 27,467,476 New Ordinary Shares. There are no shares held in
   treasury. Therefore, the total number of voting rights in the Company is
   27,467,476. This figure may be used by shareholders in the Company 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 under
   the Disclosure and Transparency Rules

   For further information please contact:

   ┌──────────────────────────────────────────────┬─────────────────────────┐
   │ WH Ireland Group plc                         │  1 www.wh-ireland.co.uk │
   ├──────────────────────────────────────────────┼─────────────────────────┤
   │ Richard Killingbeck, Chief Executive Officer │ +44(0) 20 7220 1666     │
   ├──────────────────────────────────────────────┼─────────────────────────┤
   │                                              │                         │
   ├──────────────────────────────────────────────┼─────────────────────────┤
   │ SPARK Advisory Partners Limited              │                         │
   ├──────────────────────────────────────────────┼─────────────────────────┤
   │ Mark Brady/Miriam Greenwood                  │ +44(0) 20 3368 3551     │
   ├──────────────────────────────────────────────┼─────────────────────────┤
   │                                              │                         │
   └──────────────────────────────────────────────┴─────────────────────────┘

    

   ┌───┬───┐
   │   │   │
   └───┴───┘

    

   This announcement contains inside information for the purposes of Article
   7 of EU Regulation 596/2014.

   ══════════════════════════════════════════════════════════════════════════

   Language:        English
   ISIN:            GB0009241885
   Category Code:   MSCH
   TIDM:            WHI
   Sequence Number: 3637
   Time of Receipt: 29-Nov-2016 / 17:25 GMT/BST

   End of Announcement EQS News Service

   ══════════════════════════════════════════════════════════════════════════

   525299  30-Nov-2016 

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