discoverIE announced that Peel Hunt has placed a total of 8,034,840 new ordinary shares of 5p each in the share capital of the company at a price of 415p per placing share, raising gross proceeds of c. £33m.
The placing price represents a discount of 3.9% to the closing price of 432p per share on 16 October 2019. Applications have been made for the admission of the placing shares to the premium listing segment of the official list of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange. The admission is expected to take place at 8.00 am on 21 October 2019.
The placing shares, when issued, will be fully paid and will rank pari passu in all respects with the existing ordinary shares in the share capital of the company.