eServGlobal (ESG); completes the entitlement offer

Published on 22-10-2018 07:25:14
Author Sparks Team

eServGlobal announced that it has completed the retail component of its 1 for 11 accelerated non-renounceable entitlement offers, representing the second stage of £19m in fundraising announced on 27 September 2018.

The retail offer raised £1.23m (AUS$2.17m) from qualifying holders for ~4.5m shares, being 23.1% of the total offer. The remaining ~15m shares have been allocated to the institutional investors via Clawback Placing. The institutional component of the entitlement offer was closed on 27 September 2018 and raised £3.92m (AUS$6.90m). Together, these shares shall be admitted on AIM on 24 October 2018. Following which, the company will have 1,210,850,662 ordinary shares in issue.

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