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.
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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 Paul Watts, Chief Executive Officer James Appleby, Chairman | +44 (0)20 3285 8008
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PrimaryBid Limited Nick Smith / James Deal | |
Cavendish Capital Markets Limited (Nominated adviser and Broker) Stephen Keys/Camilla Hume/George Lawson | +44 (0)20 7220 0500 |
Gracechurch Group (Financial PR) Claire Norbury/Anysia Virdi | +44 (0)20 4582 3500 |
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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