Colocación y suscripción propuestas para recaudar £ 2.0 millones
ESTE ANUNCIO (INCLUIDOS LOS APÉNDICES) Y LA INFORMACIÓN CONTENIDA EN EL MISMO ESTÁN RESTRINGIDOS Y NO SON PARA PUBLICACIÓN, PUBLICACIÓN O DISTRIBUCIÓN, DIRECTA O INDIRECTA, EN SU TOTALIDAD O EN PARTE, EN O HACIA LOS ESTADOS UNIDOS DE AMÉRICA, CANADÁ, AUSTRALIA, NUEVA ZELANDA, LA REPÚBLICA DE SUDÁFRICA O JAPÓN O EN O HACIA CUALQUIER OTRA JURISDICCIÓN DONDE HACERLO INFRINGIRÍA CUALQUIER LEY O REGULACIÓN APLICABLE.
THIS ANNOUNCEMENT (INCLUDING THE APPENDICES) IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT (INCLUDING THE APPENDICES) DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF CAP-XX LIMITED IN ANY JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.
UNLESS OTHERWISE INDICATED, CAPITALISED TERMS IN THIS ANNOUNCEMENT HAVE THE MEANINGS GIVEN TO THEM IN THE DEFINITIONS SECTION INCLUDED IN APPENDIX II.
ESTE ANUNCIO CONTIENE INFORMACIÓN PRIVILEGIADA A LOS EFECTOS DEL ARTÍCULO 7 DEL REGLAMENTO SOBRE ABUSO DE MERCADO (596/2014/UE), YA QUE FORMA PARTE DEL DERECHO INTERNO DEL REINO UNIDO EN VIRTUD DE LA LEY DE (RETIRADA) DE LA UNIÓN EUROPEA DE 2018 ("MAR"). ADEMÁS, SE REALIZARON SONDEOS DE MERCADO (COMO SE DEFINEN EN MAR) CON RESPECTO A CIERTOS ASUNTOS CONTENIDOS EN ESTE ANUNCIO, CON EL RESULTADO DE QUE CIERTAS PERSONAS TOMARON CONOCIMIENTO DE DICHA INFORMACIÓN PRIVILEGIADA, SEGÚN LO PERMITIDO POR MAR. TRAS LA PUBLICACIÓN DE ESTE ANUNCIO, ESTA INFORMACIÓN PRIVILEGIADA SE CONSIDERA AHORA DE DOMINIO PÚBLICO Y, POR LO TANTO, DICHAS PERSONAS DEJARÁN DE ESTAR EN POSESIÓN DE INFORMACIÓN PRIVILEGIADA.
21 de marzo de 2024
CAP-XX limitado
("CAP-XX" o de "Compañía")
Proposed Placing and Subscription to raise approximately £2.0 million by way of an accelerated bookbuild
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Oferta minorista propuesta para recaudar hasta £0.2 millones
CAP-XX Limitado (OBJETIVO: CPX), líder mundial en el diseño y fabricación de supercondensadores y sistemas de gestión de energía, today announces a proposed placing (the "Colocación") and subscription to raise approximately £2.0 million (before expenses) through the issue of new ordinary shares of no par value ("Acciones ordinarias"), at an issue price of 0.1 penique per Ordinary Share (the "Precio de emisión"), to be undertaken in two tranches. It is intended that the majority of the net proceeds of the Placing are to be applied towards general working capital requirements.
The Placing will be undertaken by way of an accelerated bookbuild (the "Construcción de libros"), que se lanzará inmediatamente después de este anuncio (siendo, junto con los Apéndices del presente, el "Anuncio") and will be made available to new and existing institutional and other investors. Allenby Capital Limited ("Capital de Allenby") is acting as the sole bookrunner in respect of the Placing (the "suela corredor de libros"). Further details of the Bookbuild and the background to and reasons for the Fundraise are provided below and in the Appendices of this Announcement.
Patrick Elliott, Steen Feldskov and Lars Stegmann (the "Directores participantes") have indicated their intention to subscribe for new Ordinary Shares in the Company at the Issue Price (the "Suscripción"). In aggregate, director participation is expected to total £35,000.
In addition to the Placing and the Subscription, the Company announces that there will be a separate conditional retail offer via the REX Platform to raise up to £0.2 million (before expenses) at the Issue Price (the "Oferta minorista", y junto con la Colocación y la Suscripción, el "Suma tu empresa"). This is to provide existing UK retail shareholders in the Company an opportunity to participate in the Fundraise. Those investors who subscribe for new Ordinary Shares pursuant to the Retail Offer (the "Acciones de oferta minorista") will do so pursuant to the terms and conditions of the Retail Offer contained in that announcement and the Retail Offer Shares will form part of the second tranche of the Fundraise. The Retail Offer is not subject to any minimum fundraising and will be open only to existing shareholders of the Company within the United Kingdom. The Retail Offer will be conditional on completion of the Placing and Subscription. A separate announcement will be made shortly by the Company regarding the Retail Offer and its terms.
Cambio de domicilio social
The Company also announces that it has changed its registered office address to be Unit 1, 13A Stanton Road, Seven Hills, NSW 2147, Australia.
The above summary should be read in conjunction with the full text of this Announcement. Attention is drawn to the Appendix containing the Terms and Conditions of the Placing (representing important information for potential placees only).
Para más información comuníquese con:
CAP-XX limitado Pat Elliott (presidente) Lars Stegmann (Cap.ief Executive Officer)
| +61 (2) 9157 0000 |
Allenby Capital (Asesor designado y Sole Bookrunner) David Hart / Piers Shimwell (Finanzas corporativas) Tony Quirke / Stefano Aquilino (Ventas y corretaje corporativo)
| +44 0 20 3328 5656 |
Kreab (relaciones públicas financieras) Roberto velocidad
| +44 0 20 7074 1800 |
|
Más información está disponible en www.cap-xx.com
ANTECEDENTES Y MOTIVOS DE LA RECAUDACIÓN DE FONDOS
It has been a difficult period for CAP-XX and its Shareholders.
The interim results announced on 1 February 2024 highlighted that product sales generated by the Company in the six months ended 31 December 2023 were 59 per cent. higher than in the same period in the prior half year. The announcement also stated that the sales order book as at 31 December 2023 was 33 per cent. higher than as at 1 January 2023. The Board believes this growth in the sales order book was achieved in the face of industry challenges in the passive electronic market. The Board also stated that the Company's adjusted EBITDA remained negative and the cash position was tight, with reserves of A$0.3 million.
On 13 March 2024, CAP-XX made a further announcement in which the Company stated that CAP-XX's working capital position continued to deteriorate and that the Board was exploring a number of additional fundraising options, including raising additional equity financing which was required by the end of March 2024.
The Fundraise, for which Shareholder approval is being sought, is necessary to avoid the Company being placed into administration.
Circumstances which led to the need for the Fundraise
There are two key factors which have contributed to the Company's deteriorating working capital position:
- The Company initiated patent infringement legal action that proved to be not only unsuccessful but much more expensive than predicted. In addition, CAP-XX was always advised by its US lawyers that the Company would not be responsible for certain costs of Maxwell in relation to the litigation. That advice proved incorrect, and the Company is required to pay some costs incurred by the other party; and
- Revenue and cash receipts for the first eight weeks of the current calendar year were lower than expected despite the encouraging growth in the order book.
The effect of these factors conspired to almost totally exhaust the Company's working capital, despite a drawdown on the Company's R&D facility, which is based on eligible expenditure that has been incurred in the financial year to date.
Actions taken by the Board
The Board has taken a number of actions to seek to address the Company's financial position:
· Legal cost exposure - the Company announced on 21 March 2024 that it had reached an agreement with Maxwell/Tesla to settle all outstanding matters related to the historic litigation by way of a series of payments that the Board considers are not material amounts in the context of CAP-XX;
· Revenue and cash receipts - these are now recovering, reflecting normal seasonal patterns; and
· CAP-XX's operating costs have been significantly reduced, further details of which are set out below.
Operational developments at CAP-XX
The Company appointed Lars Stegmann as its CEO on 11 May 2023.
Under Lars Stegmann's leadership, the CAP-XX team has set about completely re-engineering the business in all areas.
Firstly, CAP-XX is shifting from a 'build and they will come' mindset to one that has the customer as the focus. This approach is reflected in a complete change in the sales approach and the appointment of a range of distributors and sales representatives. This is very much a work-in-progress and there are more appointments and initiatives to come. The Board believes that the impact of these changes is already being reflected positively in the product revenue and order booking.
Secondly, costs have been rigorously scrutinised, with reductions of approximately A$750,000 per annum having been achieved to date. The Board believes there are potentially further cost reductions available, for example, in the areas of purchasing and improved factory production through operational improvements.
Thirdly, despite the cash constraints, the Company has continued its development of new products, albeit at a reduced pace. These include:
- DMH - 0.3 mm thin supercapacitors - scheduled to begin production in volume from May 2024;
- Surface Mount Device ("SMD") Supercapacitors - the development of this product is nearing completion, with optimisation trials underway. The Board believes surface mount technology is ideal for mass production as SMDs can be used in automatic pick and place machines and can withstand reflow soldering. The Board is optimistic, based on its understanding of the market, about potential order volumes for this product, though these will be subject to customary trial and design-in times of each customer; and
- 3V supercapacitors - CAP-XX has these available and is waiting for a number of customers to complete their trial and design-in phases.
The Board expects these new products to have a positive impact on CAP-XX over the next 12 to 36 months and offer the potential for future revenue growth. However, this will take some time to become evident as customers require time for product evaluation and to design CAP-XX's supercapacitors into their end products. Much of these normal time lags between product release and orders of volume is beyond the Company's control. However, the Board believes that the change in CAP-XX's sales and distribution approach means that the Company is closer to its customers and therefore better understands their requirements and timelines.
Finally, the Company's previously disclosed joint venture with Ionic Industries to develop their graphene technology for the supercapacitor and battery industries continues. There are further technical collaborations under discussion that are aimed at further enhancing the Company's innovation roadmap. The Board believes that these collaborations are low cash cost ways of leveraging the Company's strengths in energy storage technologies.
The Company looks forward to providing updates in relation these developments in the coming months.
Flujo de ventas
CAP-XX's total net sales pipeline currently stands at approximately US$9.2 million. This pipeline has been calculated by reviewing each project the Company is currently pursuing to arrive at a total gross sales pipeline and applying a probability of success from initial enquiry (0%) through to mass production (100%) in relation to each project. The average probability of success for the entire gross sales pipeline is approximately 32 per cent. though there can be no guarantee that this level will occur. The Board believes this analysis is more reflective of possible order intake in a one to three-year timeframe. This potential sales pipeline does not include any volume potential associated with the new products highlighted above, albeit there are a number of customers that are evaluating samples in relation to these. The trend in the sales pipeline leads to the Board being optimistic for the potential future growth in product revenues.
Uso de ingresos
It is intended that the proceeds from the Fundraise will be used to stabilise the Company's financial position and provide working capital for CAP-XX. The Company will use the proceeds in the following main areas:
i) to continue the expansion of its sales representative and distribution network; and
ii) to commence the market introduction of the new products highlighted above, in which the vast bulk of the development costs have already been incurred. This includes some final costs to bring the DMH production line onstream.
Apart from the final settlement of legal costs associated with the Maxwell litigation, which the Board does not consider material, the only payments for legal costs will be normal ongoing corporate legal expenses, including, for example, those associated with applications for patents.
Importance of the Placing and the vote at the General Meeting
In order for Second Admission to proceed, among other things, Shareholders will need to approve the Resolution to be put to Shareholders at a General Meeting. If the Resolution is not approved by Shareholders, the Second Placing Shares, the Retail Offer Shares and the Subscription Shares will not be able to be issued. If that were to occur, the Company would receive significantly less funding than anticipated from the Fundraise and the Board believes they would have little alternative but to put CAP-XX into administration.
Detalles de la recaudación de fondos
La colocación se llevará a cabo mediante un bookbuild acelerado (el "Construcción de libros") which will be launched immediately upon the publication of this announcement (being, together with the Appendices hereto, the "Anuncio") y se pondrá a disposición de inversores institucionales nuevos y existentes.
Allenby Capital is acting as nominated adviser and Sole Bookrunner to the Company in respect of the Placing.
The Placing is subject to the Terms and Conditions set out in Appendix I to this Announcement. The Sole Bookrunner will commence the Bookbuild immediately following the release of this Announcement. The final number of Placing Shares to be placed at the Issue Price will be decided following completion of the Bookbuild. The book will open with immediate effect following this Announcement. The timing of the closing of the book and allocations are at the absolute discretion of the Sole Bookrunner. Details of the number of Placing Shares to be issued will be announced as soon as practicable after the close of the Bookbuild.
The Placing Shares will be issued in two separate tranches. The first tranche will make use of the authority granted to the Directors in accordance with the Company's dilution policy, as approved by shareholders at the Company's annual general meeting held in 2023, in order to issue up to 103,854,880 Placing Shares (the "Acciones de primera colocación") on a non-pre-emptive basis. The second tranche, which will be 1,896,145,120 Placing Shares (the "Acciones en segundo lugar") which are to be issued alongside the Subscription Shares and the Retail Offer Shares, will be conditional upon, Entre otros, the passing of the Resolution to be put to Shareholders at a General Meeting, expected to be held at the offices of CAP-XX Limited at Unit 1/13A Stanton Road, Seven Hills, Australia at 5 p.m. AEST, 8 a.m. on 23 April 2024.
Las Nuevas Acciones Ordinarias, cuando se emitan, se acreditarán como totalmente pagadas y tendrán rango al mismo ritmo in all respects with the Company's then existing Ordinary Shares, including the right to receive dividends and other distributions declared on or after the date of issue.
Se presentará una solicitud a la Bolsa de Valores de Londres para que las Nuevas Acciones Ordinarias sean admitidas a cotización en AIM ("Admisiones"). It is anticipated that First Admission will become effective, and that dealings in the First Placing Shares will commence at 8.00 a.m. on 28 March 2024. It is anticipated that Second Admission will become effective, and that dealings in the Second Placing Shares, the Subscription Shares and the Retail Offer Shares will commence, at 8.00 a.m. on 25 April 2024. The Placing is conditional, so far as concerns the First Placing Shares upon, Entre otros, First Admission becoming effective and the placing agreement entered into dated 21 March 2024 between the Company and Allenby Capital (the "Acuerdo de colocación") not being terminated in accordance with its terms prior to First Admission. The Placing is conditional, so far as concerns the Second Placing Shares upon, Entre otros, the passing of the Resolution, Second Admission becoming effective, and the Placing Agreement not being terminated in accordance with its terms.
The first tranche of the Placing is not conditional on issue of the Second Placing Shares, the Subscription Shares or the Retail Offer Shares. Should the Resolution not be passed at the General Meeting, the second tranche of the Placing, the Subscription and the Retail Offer will not proceed. The first tranche of the Placing will not be affected by any or all of the Second Placing, the Subscription and Retail Offer failing to complete for any reason.
In relation to its role in the Fundraise, Allenby Capital will be receiving 200,000,000 warrants to subscribe for an equivalent number of Ordinary Shares. These warrants will have an exercise price of 0.15 pence, being a 50 per cent. premium to the Placing Price and will be capable of being exercised until the date falling five years after the day on which Second Admission occurs.
Participación del director
CAP-XX is intending to enter into subscription agreements with Patrick Elliott (Non-executive Chairman), Lars Stegmann (CEO) and Steen Feldskov (Non-executive Director) to subscribe for 21,500,000, 8,500,000 and 5,000,000 new Ordinary Shares respectively at the Issue Price.
Application will be made to the London Stock Exchange for the 35,000,000 new Ordinary Shares being subscribed for by Patrick Elliott, Lars Stegmann and Steen Feldskov (together, the "Acciones de suscripción") to be admitted to trading on AIM. The Subscription Shares will form part of the second tranche, and it is anticipated that Second Admission will become effective, and that dealings in the Subscription Shares will commence, at 8.00 a.m. on 25 April 2024.
The Subscription Shares will be conditional upon, Entre otros, the passing of the Resolution to be put to Shareholders at a General Meeting, expected to be held at the offices of CAP-XX Limited at Unit 1/13A Stanton Road, Seven Hills, Australia at 5 p.m. AEST, 8 a.m. on 23 April 2024.
The Subscription Shares, when issued, will be credited as fully paid and will rank al mismo ritmo in all respects with the Company's then existing Ordinary Shares, including the right to receive all dividends and other distributions declared on or after the date of issue.
For the avoidance of doubt, if the Placing Agreement between the Company and Allenby Capital is terminated prior to the First Admission then the Placing will not occur. If the Placing Agreement is terminated following First Admission but prior to Second Admission, then Second Admission will not occur, but Placees' obligations will remain fully effective in respect of the first tranche of placing shares and First Admission.
Appendix I sets out further information relating to the Bookbuild and the terms and conditions of the Placing. Persons who choose to participate in the Placing, by making an oral, electronic or written offer to subscribe for Placing Shares, will be deemed to have read and understood this Announcement in its entirety (including the Appendices) and to be making such offer on the terms and subject to the conditions herein, and to be providing the representations, warranties, agreements, acknowledgements and undertakings contained in Appendix I.
A circular convening a General Meeting of the Company's Shareholders is expected to be posted in due course and will provide details of, and the background to, the Placing, and sets out the reasons why the Board believes that the Placing is in the best interests of the Company and its Shareholders and to seek Shareholder approval to the passing of the Resolution at the forthcoming General Meeting.
Unless otherwise stated, all times referenced in this Announcement are London, United Kingdom.
Appendix I to this Announcement (which forms part of this Announcement) sets out further information relating to the Bookbuild and the terms and conditions of the Placing.
Unless otherwise stated, capitalised terms in this Announcement have the meanings ascribed to them in Appendix II (which forms part of this Announcement).
Este Anuncio debe ser leído en su totalidad. En particular, debe leer y comprender la información proporcionada en el "Avisos Importantes" section below and the appendices to this announcement (which form part of this Announcement) which includes the terms and conditions of the Placing. Persons who have chosen to participate in the Placing, by making an oral or written offer to acquire Placing Shares, will be deemed to have read and understood this Announcement in its entirety (including the appendices) and to be making such offer on the terms and subject to the conditions herein and, in respect of those persons participating in the Placing, to be providing the representations, warranties, agreements, confirmations, acknowledgements and undertakings contained in Appendix I.
HORARIO ESPERADO DE PRINCIPALES EVENTOS | ||
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Publication of the Placing | 21 de marzo de 2024 | |
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Publication of the Retail Offer | 21 de marzo de 2024 | |
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Publicación de resultados del Bookbuild | By 8.30 a.m. on 22 March 2024 | |
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Publication of results of the Retail Offer | 7.00:25 horas del 2024 de marzo de XNUMX | |
Admisión y comienzo de operaciones en las Acciones de Primera Colocación | 8.00:28 horas del 2024 de marzo de XNUMX | |
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Reunión general | 8.00:23 horas del 2024 de abril de XNUMX | |
Admission and commencement of dealings in the Second Placing Shares, Subscription Shares and Retail Offer Shares | 8.00:25 horas del 2024 de abril de XNUMX | |
NOTICIAS IMPORTANTES
ESTE ANUNCIO, INCLUYENDO LOS APÉNDICES Y LA INFORMACIÓN CONTENIDA EN ELLOS, ESTÁ RESTRINGIDO Y NO ES PARA PUBLICACIÓN, PUBLICACIÓN, TRANSMISIÓN, REENVÍO O DISTRIBUCIÓN, DIRECTA O INDIRECTA, EN TODO O EN PARTE, EN O HACIA LOS ESTADOS UNIDOS DE AMÉRICA, SUS TERRITORIOS Y POSESIONES, CUALQUIER ESTADO DE LOS ESTADOS UNIDOS O EL DISTRITO DE COLUMBIA (COLECTIVAMENTE, EL "ESTADOS UNIDOS"), AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA 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.
This Announcement or any part of it does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any securities in the United States, Canada, Australia, Japan or the Republic of South Africa or any other jurisdiction in which the same would be unlawful. No public offering of the Placing Shares is being made in any such jurisdiction.
No action has been taken by the Company or Capital de Allenby or any of their respective affiliates, or any person acting on its or their behalf that would permit an offer of the Placing Shares or possession or distribution of this Announcement or any other offering or publicity material relating to such Placing Shares in any jurisdiction where action for that purpose is required. Persons into whose possession this Announcement comes are required by the Company and Capital de Allenby informarse y observar dichas restricciones.
Ningún prospecto, memorando de oferta, documento de oferta o documento de admisión ha sido o estará disponible en relación con los asuntos contenidos en este Anuncio y no se requiere tal folleto (de acuerdo con el Reglamento (UE) No 2017/1129 (en su versión modificada) ( los "Reglamento de folletos de la UE") o el Reglamento sobre prospectos de la UE, ya que forma parte de la legislación nacional del Reino Unido en virtud de la Ley (de retirada) de la Unión Europea de 2018 (la "Reglamento de folletos del Reino Unido")) para ser publicado. Las personas que necesitan asesoramiento deben consultar a un asesor legal independiente calificado, asesor comercial, asesor financiero o asesor fiscal para obtener asesoramiento legal, comercial, financiero o fiscal.
Los valores a los que se hace referencia en el presente no se han registrado ni se registrarán en virtud de la Ley de Valores de EE. UU. de 1933, enmendada (la "Ley de valores"), or with any securities regulatory authority of any State or other jurisdiction of the United States, and may not be offered, sold or transferred, directly or indirectly, in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any State or any other jurisdiction of the United States.
La Colocación no ha sido aprobada o desaprobada por la Comisión de Bolsa y Valores de los EE. UU., ninguna comisión estatal de valores de los Estados Unidos o cualquier autoridad reguladora de los EE. o adecuación de este Anuncio. Cualquier declaración en contrario es un delito penal en los Estados Unidos.
Este Anuncio no ha sido aprobado por la Bolsa de Valores de Londres.
This Announcement and the terms and conditions set out herein are for information purposes only and are directed only at : (a) if in a member state of the European Economic Area (the "EEA"), persons who are qualified investors within the meaning of Article 2(e) of the EU Prospectus Regulation ("Inversores calificados"); (b) if in the United Kingdom, persons who are qualified investors within the meaning of Article 2(e) of the UK Prospectus Regulation and who also: (i) have professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Ordenar"); or (ii) fall within the definition of high net worth companies, unincorporated associations and partnerships and trustees of high value trusts as described in Article 49(2)(a) to (d) of the Order ("Inversores calificados del Reino Unido"); and (c) any other person to whom it may otherwise be lawfully communicated; and, in each case, who have been invited to participate in the Placing by Allenby Capital (all such persons together being referred to as "Personas Relevantes").
Este Anuncio no debe ser utilizado ni invocado por personas que no sean Personas Relevantes. Las personas que distribuyan este Anuncio deben asegurarse de que es legal hacerlo. Cualquier inversión o actividad de inversión a la que se refiere este Anuncio está disponible solo para Personas Relevantes y se realizará solo con Personas Relevantes.
The relevant clearances have not been, nor will they be, obtained from the securities commission of any province or territory of Canada, no prospectus has been lodged with, or registered by, the Australian Securities and Investments Commission or the Japanese Ministry of Finance; the relevant clearances have not been, and will not be, obtained for the South Africa Reserve Bank or any other applicable body in the Republic of South Africa in relation to the Placing Shares and the Placing Shares have not been, nor will they be, registered under or offered in compliance with the securities laws of any state, province or territory of Australia, Canada, Japan or the Republic of South Africa. Accordingly, the Placing Shares may not (unless an exemption under the relevant securities laws is applicable) be offered, sold, resold or delivered, directly or indirectly, in or into Australia, Canada, Japan or the Republic of South Africa or any other jurisdiction in which such activities would be unlawful.
By participating in the Bookbuild and the Placing , each person who is invited to and who chooses to participate in the Placing (each a "Lugar") al hacer una oferta oral o escrita y legalmente vinculante para adquirir Acciones de Colocación se considerará que ha leído y entendido este Anuncio en su totalidad, para participar, hacer una oferta y adquirir Acciones de Colocación en los términos y condiciones contenidos en el Anexo I a este Anuncio y a brindar las representaciones, garantías, indemnizaciones, reconocimientos y compromisos contenidos en el Apéndice I de este Anuncio.
Certain statements contained in this Announcement constitute "forward-looking statements" with respect to the financial condition, results of operations and businesses and plans of the Company. Words such as "believes", "anticipates", "estimates", "expects", "intends", "plans", "aims", "potential", "will", "would", "could", "considered", "likely", "estimate" and variations of these words and similar future or conditional expressions, are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon future circumstances that have not occurred. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. As a result, the Company's actual financial condition, results of operations and business and plans may differ materially from the plans, goals and expectations expressed or implied by these forward-looking statements. No representation or warranty is made as to the achievement or reasonableness of, and no reliance should be placed on, such forward-looking statements. The forward-looking statements contained in this Announcement speak only as of the date of this Announcement. The Company, its directors, the Bookrunners, their respective affiliates and any person acting on its or their behalf each expressly disclaim any obligation or undertaking to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, unless required to do so by applicable law or regulation or the London Stock Exchange.
Allenby Capital, 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 Placing, the contents of this Announcement or any other matters described in this Announcement. Allenby Capital will not regard any other person as its client in relation to the Placing, the content of this Announcement or any other matters described in this Announcement and will not be responsible to anyone (including any Placees) other than the Company and the Issuer for providing the protections afforded to its clients or for providing advice to any other person in relation to the Placing, the content of this Announcement or any other matters referred to in this Announcement.
This Announcement has been issued by and is the sole responsibility of the Company. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Allenby Capital or by any of their affiliates or any person acting on their behalf as to, or in relation to, the accuracy or completeness of this Announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefor is expressly disclaimed.
Este Anuncio no constituye una recomendación sobre la decisión de inversión de ningún inversionista con respecto a la Colocación. Cualquier indicación en este Anuncio del precio al que se compraron o vendieron Acciones Ordinarias en el pasado no puede considerarse como una guía para el rendimiento futuro. El precio de las acciones y los ingresos que se esperan de ellas pueden subir o bajar y es posible que los inversores no recuperen el monto total invertido al enajenar las acciones. El rendimiento pasado no es una guía para el rendimiento futuro. Este Anuncio no identifica ni sugiere, ni pretende identificar o sugerir, los riesgos (directos o indirectos) que pueden estar asociados con una inversión en las Acciones en Colocación. El contenido de este Anuncio no debe interpretarse como asesoramiento legal, comercial, financiero o fiscal. Cada inversionista o posible inversionista debe consultar a su propio asesor legal, asesor comercial, asesor financiero o asesor fiscal para obtener asesoramiento legal, comercial, financiero o fiscal.
Ninguna declaración en este Anuncio pretende ser un pronóstico de ganancias o una estimación de ganancias para ningún período, y ninguna declaración en este Anuncio debe interpretarse en el sentido de que las ganancias, las ganancias por acción o los ingresos, el flujo de efectivo de las operaciones o el flujo de efectivo libre para la Compañía para los años financieros actuales o futuros necesariamente igualaría o superaría las ganancias históricas publicadas, las ganancias por acción o los ingresos, el flujo de efectivo de las operaciones o el flujo de efectivo libre para la Compañía.
Notwithstanding any other statement in or provision of this Announcement, nothing in this Announcement shall be effective to limit or exclude liability for fraud or which otherwise, by law or regulation, cannot be so limited or excluded.
All offers of the Placing Shares will be made pursuant to an exemption under the UK Prospectus Regulation or the EU Prospectus Regulation from the requirement to produce a prospectus. This Announcement is being distributed and communicated to persons in the UK only in circumstances to which section 21(1) of the FSMA does not require approval of the communication by an authorised person.
Las Acciones de Colocación que se emitirán o venderán de conformidad con la Colocación no se admitirán a cotización en ninguna bolsa de valores que no sea el mercado AIM de la Bolsa de Valores de Londres.
Las personas (incluidos, entre otros, nominados y fideicomisarios) que tengan una obligación contractual u otra obligación legal de enviar una copia de este Anuncio deben buscar el asesoramiento adecuado antes de tomar cualquier medida.
Ni el contenido del sitio web de la Compañía (o cualquier otro sitio web) ni el contenido de ningún sitio web accesible desde hipervínculos en el sitio web de la Compañía (o cualquier otro sitio web) se incorporan o forman parte de este Anuncio.
Este Anuncio ha sido preparado con el propósito de cumplir con las leyes y regulaciones aplicables en el Reino Unido y la información revelada puede no ser la misma que se hubiera revelado si este Anuncio hubiera sido preparado de acuerdo con las leyes y regulaciones de cualquier jurisdicción fuera del Reino Unido.
Requisitos de gobernanza de productos del Reino Unido
Únicamente a los efectos de los requisitos de gobernanza de productos del Capítulo 3 del Manual de la FCA, el Manual de Intervención de Productos y el Manual de Gobernanza de ProductosRequisitos de gobernanza de productos del Reino Unido"), y renunciando a toda y cualquier responsabilidad, ya sea que surja de agravio, contrato o de otro modo, que cualquier" fabricante "(a los efectos de los Requisitos de gobernanza de productos del Reino Unido) pueda tener con respecto a los mismos, las Acciones de colocación han estado sujetas a una proceso de aprobación del producto, que ha determinado que dichas Acciones de Colocación son: (i) compatibles con un mercado objetivo final de inversores minoristas e inversores que cumplen los criterios de clientes profesionales y contrapartes elegibles, cada uno según se define en el Manual de Conducta Comercial de la FCA; y (ii) elegible para distribución a través de todos los canales de distribución permitidos (el "Evaluación del mercado objetivo"). Notwithstanding the Target Market Assessment, distributors should note that: the price of the Placing Shares may decline and investors could lose all or part of their investment; the Placing Shares offer no guaranteed income and no capital protection; and an investment in the Placing Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Placing. Furthermore, it is noted that, notwithstanding the Target Market Assessment, the Bookrunners will only procure investors who meet the criteria of professional clients and eligible counterparties.
Para evitar dudas, la Evaluación del mercado objetivo no constituye: (a) una evaluación de idoneidad o adecuación a los efectos de los Capítulos 9A o 10A, respectivamente, del Manual FCA Conduct of Business Sourcebook; o (b) una recomendación a cualquier inversionista o grupo de inversionistas para invertir, comprar o tomar cualquier otra acción con respecto a las Acciones en Colocación. Cada distribuidor es responsable de realizar su propia evaluación del mercado objetivo con respecto a la colocación de acciones y determinar los canales de distribución apropiados.
APPENDIX I - TERMS AND CONDITIONS OF THE PLACING AND BOOKBUILD
IMPORTANT INFORMATION ON THE BOOKBUILD FOR INVITED PLACEES ONLY.
MEMBERS OF THE PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE PLACING. THE TERMS AND CONDITIONS SET OUT HEREIN ARE FOR INFORMATION PURPOSES ONLY AND ARE ONLY DIRECTED AT, AND BEING DISTRIBUTED TO, PERSONS WHOSE ORDINARY ACTIVITIES INVOLVE THEM IN ACQUIRING, HOLDING, MANAGING AND DISPOSING OF INVESTMENTS (AS PRINCIPAL OR AGENT) FOR THE PURPOSES OF THEIR BUSINESS AND WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS AND ARE: (A) IF IN A MEMBER STATE OF THE EUROPEAN ECONOMIC AREA ("EEA"), PERSONS WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF ARTICLE 2(E) OF THE REGULATION (EU) 2017/1129 ("EU PROSPECTUS REGULATION"); OR (B) IF IN THE UNITED KINGDOM, PERSONS WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF ARTICLE 2(E) OF THE UK VERSION OF THE REGULATION (EU) 2017/1129 AS IT FORMS PART OF DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION WITHDRAWAL ACT 2018 (THE "UK PROSPECTUS REGULATION") AND WHO ALSO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS WHO FALL WITHIN THE DEFINITION OF "INVESTMENT PROFESSIONALS" IN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED ("THE ORDER") OR FALL WITHIN THE DEFINITION OF "HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS ETC" AS DESCRIBED IN ARTICLE 49(2) (A) TO (D) OF THE ORDER; AND (C) ANY OTHER PERSON TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED; AND, IN EACH CASE, WHO HAVE BEEN INVITED TO PARTICIPATE IN THE PLACING BY ALLENBY CAPITAL LIMITED ("ALLENBY CAPITAL") (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS").
LOS TÉRMINOS Y CONDICIONES ESTABLECIDOS AQUÍ NO DEBEN SER ACTUADOS NI CONFIADOS POR PERSONAS QUE NO SON PERSONAS PERTINENTES. CUALQUIER PERSONA QUE HA RECIBIDO O ESTÁ DISTRIBUYENDO ESTOS TÉRMINOS Y CONDICIONES DEBE SATISFACER QUE ES LEGAL HACERLO. CUALQUIER INVERSIÓN O ACTIVIDAD DE INVERSIÓN A LA QUE SE RELACIONEN ESTOS TÉRMINOS Y CONDICIONES ESTÁ DISPONIBLE ÚNICAMENTE PARA PERSONAS PERTINENTES Y SE REALIZARÁ ÚNICAMENTE CON PERSONAS PERTINENTES. ESTOS TÉRMINOS Y CONDICIONES NO CONSTITUYEN POR SÍ MISMOS UNA OFERTA DE VENTA O SUSCRIPCIÓN DE NINGÚN VALOR EN LA COMPAÑÍA.
EACH PLACEE SHOULD CONSULT WITH ITS OWN ADVISERS AS TO LEGAL, TAX, BUSINESS AND RELATED ASPECTS OF AN ACQUISITION OF PLACING SHARES (AS SUCH TERM IS DEFINED IN APPENDIX II).
Este Anuncio no es para su publicación o distribución, directa o indirectamente, en o dentro de los Estados Unidos de América. Este Anuncio no es una oferta de valores para la venta en los Estados Unidos. Los valores a los que se hace referencia en el presente no se han registrado ni se registrarán en virtud de la Ley de Valores de EE. UU. de 1933, enmendada, y no pueden ofrecerse ni venderse en los Estados Unidos, excepto de conformidad con una exención de registro aplicable. No se está realizando ninguna oferta pública de valores en los Estados Unidos.
Unless otherwise defined in these terms and conditions, capitalised terms used in these terms and conditions shall have the meaning given to them in Appendix II.
If a person indicates to Allenby Capital that it wishes to participate in the Placing by making an oral or written offer to acquire Placing Shares (each such person, a "Lugar") it will be deemed to have read and understood these terms and conditions and the Announcement of which they form a part in their entirety and to be making such offer on the terms and conditions, and to be providing the acknowledgements, confirmations, undertakings, representations, warranties, indemnities, and agreements, contained in these terms and conditions as deemed to be made by Placees. In particular, each such Placee represents, warrants and acknowledges that it is a Relevant Person and undertakes that it will acquire, hold, manage and dispose of any of the Placing Shares that are allocated to it for the purposes of its business only. Further, each such Placee represents, warrants and agrees that if it is a financial intermediary, as that term is used in Article 5(1) of the UK Prospectus Regulation, that the Placing Shares acquired by and/or subscribed for by it in the Placing will not be acquired on a non-discretionary basis on behalf of, nor will they be acquired with a view to their offer or resale to, persons in circumstances which may give rise to an offer of securities to the public other than an offer or resale to persons who, if in a member state of the EEA, are qualified investors within the meaning of Article 2(e) of the EU Prospectus Regulation or if in the United Kingdom, are qualified investors within the meaning of Article 2(e) of the UK Prospectus Regulation, or in circumstances in which the prior consent of the Sole Bookrunner has been given to each such proposed offer or resale. These terms and conditions do not constitute an offer to sell or issue or the invitation or solicitation of an offer to buy or acquire Placing Shares.
Subject to certain exceptions, these terms and conditions and the information contained herein are not for release, publication or distribution, directly or indirectly, in whole or in part, to persons in the United States, Australia, Canada, Japan, the Republic of South Africa or any other jurisdiction in which such release, publication or distribution would be unlawful ("Territorio excluido").
The distribution of these terms and conditions and the offer and/or placing of Placing Shares in certain other jurisdictions may be restricted by law. No action has been taken by Allenby Capital or the Company that would permit an offer of the Placing Shares or possession or distribution of these terms and conditions or any other offering or publicity material relating to the Placing Shares in any jurisdiction where action for that purpose is required, save as mentioned above. Persons into whose possession these terms and conditions come are required by Allenby Capital and the Company to inform themselves about and to observe any such restrictions.
No prospectus or other offering document has been or will be submitted to be approved by the UK Financial Conduct Authority ("FCA") in relation to the Placing or the Placing Shares and each Placee's commitment will be made solely on the basis of the information set out in this Announcement. Each Placee, by participating in the Placing, agrees that it has neither received nor relied on any other information, representation, warranty or statement made by or on behalf of Allenby Capital or the Company and neither Allenby Capital, the Company, nor any person acting on such person's behalf nor any of their respective affiliates has or shall have liability for any Placee's decision to accept this invitation to participate in the Placing based on any other information, representation, warranty or statement. Each Placee acknowledges and agrees that it has relied on its own investigation of the business, financial or other position of the Company in accepting a participation in the Placing. Nothing in this paragraph shall exclude the liability of any person for fraudulent misrepresentation.
No undertaking, representation, warranty or any other assurance, express or implied, is made or given by or on behalf of Allenby Capital or any of their affiliates, their respective directors, officers, employees, agents, advisers, or any other person, as to the accuracy, completeness, correctness or fairness of the information or opinions contained in this Announcement or for any other statement made or purported to be made by any of them, or on behalf of them, in connection with the Company or the Placing and no such person shall have any responsibility or liability for any such information or opinions or for any errors or omissions. Accordingly, save to the extent permitted by law, no liability whatsoever is accepted by Allenby Capital or any of their respective directors, officers, employees or affiliates or any other person for any loss howsoever arising, directly or indirectly, from any use of this Announcement or such information or opinions contained herein.
Todas las ofertas de Colocación de Acciones se realizarán de conformidad con una exención en virtud del Reglamento de Folletos de la UE y/o el Reglamento de Folletos del Reino Unido del requisito de producir un folleto.
These terms and conditions do not constitute or form part of, and should not be construed as, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any Placing Shares or any other securities or an inducement to enter into investment activity, nor shall these terms and conditions (or any part of them), nor the fact of their distribution, form the basis of, or be relied on in connection with, any investment activity. No statement in these terms and conditions is intended to be nor may be construed as a profit forecast and no statement made herein should be interpreted to mean that the Company's profits or earnings per share for any future period will necessarily match or exceed historical published profits or earnings per share of the Company.
Requisitos de gobernanza de productos del Reino Unido
Únicamente a los efectos de los requisitos de gobernanza de productos del Capítulo 3 del Manual de la FCA, el Manual de Intervención de Productos y el Manual de Gobernanza de ProductosRequisitos de gobernanza de productos del Reino Unido") y renunciando a toda y cualquier responsabilidad, ya sea que surja de un agravio, contrato o de otro tipo, que cualquier "fabricante" (a los efectos de los Requisitos de gobernanza de productos del Reino Unido) pueda tener con respecto a esto, las Acciones de colocación han estado sujetas a un producto proceso de aprobación, que ha determinado que las Acciones de Colocación son: (i) compatibles con un mercado objetivo final de (a) inversionistas minoristas, (b) inversionistas que cumplen con los criterios de clientes profesionales y (c) contrapartes elegibles, cada una como se define en Requisitos de gobernanza de productos del Reino Unido; y (ii) elegible para distribución a través de todos los canales de distribución permitidos por los Requisitos de gobernanza de productos del Reino Unido (los "Evaluación del mercado objetivo del Reino Unido").
Sin perjuicio de la Evaluación del mercado objetivo del Reino Unido, los distribuidores deben tener en cuenta que: el precio de las Acciones de colocación puede disminuir y los inversores podrían perder la totalidad o parte de su inversión; las Acciones de Colocación no ofrecen ingresos garantizados ni protección de capital; y una inversión en las Acciones de colocación es compatible solo con inversores que no necesitan un ingreso garantizado o protección de capital, quienes (ya sea solos o junto con un asesor financiero o de otro tipo apropiado) son capaces de evaluar los méritos y riesgos de dicha inversión. y que dispongan de recursos suficientes para poder soportar las pérdidas que de ello se deriven.
The UK Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Placing. Furthermore, it is noted that, notwithstanding the UK Target Market Assessment, Allenby Capital is only procuring investors in the United Kingdom which meet the criteria of professional clients and eligible counterparties.
Para evitar dudas, la Evaluación del mercado objetivo del Reino Unido no constituye: (a) una evaluación de idoneidad o adecuación a los fines del Capítulo 9A o 10A respectivamente del Manual FCA Conduct of Business Sourcebook; o (b) una recomendación a cualquier inversionista o grupo de inversionistas para invertir, comprar o tomar cualquier otra acción con respecto a las Acciones de Colocación. Cada distribuidor es responsable de realizar su propia evaluación del mercado objetivo con respecto a la colocación de acciones y determinar los canales de distribución apropiados.
Requisitos de gobernanza de productos de la UE
Únicamente a los efectos de los requisitos de gobernanza de productos contenidos en: (a) Directiva de la UE 2014/65 / UE sobre mercados de instrumentos financieros, modificada ("MiFID II"); (b) los artículos 9 y 10 de la Directiva Delegada (UE) 2017/593 de la Comisión que complementa la MiFID II; y (c) medidas de ejecución locales (en conjunto, las"Requisitos de gobernanza de productos de la UE"), y renunciando a toda y cualquier responsabilidad, ya sea que surja de un agravio, contrato o de otro tipo, que cualquier "fabricante" (a los efectos de los Requisitos de gobernanza de productos de la UE) pueda tener con respecto a esto, las Acciones de colocación han estado sujetas a un proceso de aprobación del producto, que ha determinado que las Acciones en Colocación son: (i) compatibles con un mercado objetivo final de: (a) inversores minoristas, (b) inversores que cumplen con los criterios de clientes profesionales y (c) contrapartes elegibles (cada una como definido en MiFID II); y (ii) elegible para distribución a través de todos los canales de distribución permitidos por MiFID II (el "Evaluación del mercado objetivo de la UE").
Sin perjuicio de la Evaluación del mercado objetivo de la UE, los distribuidores deben tener en cuenta que: el precio de las Acciones de colocación puede bajar y los inversores podrían perder la totalidad o parte de su inversión; las Acciones de Colocación no ofrecen ingresos garantizados ni protección de capital; y una inversión en las Acciones de Colocación es compatible solo con inversores que no necesitan un ingreso garantizado o protección de capital, que (ya sea solos o en conjunto con un asesor financiero o de otro tipo) sean capaces de evaluar los méritos y riesgos de dicha inversión. y que dispongan de recursos suficientes para poder soportar las pérdidas que pudieran derivarse de ellos.
The EU Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Placing. In all circumstances Capital de Allenby sólo contratará inversores que cumplan los criterios de clientes profesionales y contrapartes elegibles.
Para evitar dudas, la Evaluación del mercado objetivo de la UE no constituye: (a) una evaluación de idoneidad o adecuación a los fines de MiFID II; o (b) una recomendación a cualquier inversionista o grupo de inversionistas para invertir, comprar o tomar cualquier otra acción con respecto a las Acciones de Colocación. Cada distribuidor es responsable de realizar su propia evaluación del mercado objetivo con respecto a las Acciones de colocación y de determinar los canales de distribución adecuados.
Colocación propuesta de acciones ordinarias
Allenby Capital has entered into the Placing Agreement with the Company pursuant to which, on the terms and subject to the conditions set out in such Placing Agreement, Allenby Capital as agents for and on behalf of the Company, have agreed to use their reasonable endeavours to procure Placees for the Placing Shares at the Issue Price.
Los lugares se refieren a estos términos y condiciones y este Anuncio que contiene detalles de, Entre otros, the Placing. These terms and conditions and this Announcement have been prepared and issued by the Company, and are the sole responsibility of the Company.
Las Acciones de Colocación, una vez emitidas y pagadas en su totalidad, serán idénticas y tendrán un rango al mismo ritmo con las Acciones Ordinarias existentes, incluido el derecho a recibir todos los dividendos y otras distribuciones declaradas, realizadas o pagadas sobre las Acciones Ordinarias existentes después de su admisión a cotización en AIM.
Solicitudes de admisión a cotización
Application will be made to the London Stock Exchange for the Placing Shares to be issued under the Placing to be admitted to trading on AIM.
It is expected that First Admission will take place on or before 8.00 a.m. on 28 March 2024 and that dealings in the First Placing Shares on AIM will commence at the same time. Subject to the conditions below being satisfied, it is expected that Second Admission, including the admission of the Second Placing Shares, will become effective on or around 8.00 a.m. on 25 April 2024 and that dealings in the Second Placing Shares on AIM will commence at the same time.
Bookbuild de la colocación
A partir de hoy, Capital de Allenby will be conducting an accelerated bookbuild (the "Construcción de libros") to determine demand for participation in the Placing. Capital de Allenby will seek to procure Placees as agents for the Company as part of this Bookbuild. These terms and conditions give details of the terms and conditions of, and the mechanics of participation in, the Placing.
Términos principales del Bookbuild
(a) By participating in the Placing, Placees will be deemed to have read and understood this Announcement and these terms and conditions in their entirety and to be participating and making an offer for any Placing Shares on these terms and conditions, and to be providing the acknowledgements, confirmations, undertakings, representations, warranties, indemnities, and agreements, contained in these terms and conditions.
(B) Capital de Allenby is arranging the Placing as agents of the Company.
(c) The Bookbuild will establish the number of Placing Shares to be issued and the aggregate proceeds to be raised through the Placing, which will be agreed between Capital de Allenby and the Company following completion of the Bookbuild. The number of Placing Shares to be issued will be announced through the Placing Results Announcement (as defined below) following the completion of the Bookbuild.
(d) Participation in the Placing will only be available to persons who are Relevant Persons and who may lawfully be and are invited to participate by Capital de Allenby. Capital de Allenby (in their independent and individual capacity) and their affiliates are entitled to offer to subscribe for Placing Shares as principals in the Bookbuild.
(e) Any offer to subscribe for Placing Shares should state the aggregate number of Placing Shares which the Placee wishes to acquire. The Issue Price will be payable by the Placees in respect of the Placing Shares allocated to them.
(f) The Bookbuild is expected to close no later than 8.00 a.m. on 22 March 2024 but may close earlier or later, at the discretion of Allenby Capital and the Company. The timing of the closing of the books and the allocation of the Placing Shares will be agreed between Capital de Allenby and the Company following completion of the Bookbuild (the "Política de asignación"). Capital de Allenby may, in agreement with the Company, accept offers to subscribe for Placing Shares that are received after the Bookbuild has closed. An offer to subscribe for Placing Shares in the Bookbuild will be made on the basis of these terms and conditions and will be legally binding on the Placee by which, or on behalf of which, it is made and will not be capable of variation or revocation after the close of the Bookbuild.
(g) Subject to paragraph (e) above, Capital de Allenby reserve the right including with or at the instruction of the Company not to accept an offer to subscribe for Placing Shares, either in whole or in part, on the basis of the Allocation Policy and may scale down any offer to subscribe for Placing Shares for this purpose.
(h) If successful, each Placee's allocation will be confirmed to it by Capital de Allenby following the close of the Bookbuild. Oral or written confirmation (at Capital de Allenby 's discretion) from Capital de Allenby to such Placee confirming its allocation will constitute a legally binding commitment upon such Placee, in favour of Capital de Allenby and the Company to acquire the number of Placing Shares allocated to it on the terms and conditions set out herein. Each Placee will have an immediate, separate, irrevocable and binding obligation, owed to the Company, to pay to Capital de Allenby (o como Capital de Allenby puede dirigir) como agente de la Sociedad en fondos compensados una cantidad igual al producto del Precio de Emisión y el número de Acciones de Colocación que dicho Lugar ha acordado adquirir.
(i) The Company will make a further announcement following the close of the Bookbuild detailing the number of Placing Shares to be issued (the "Colocación del anuncio de resultados"). Se espera que dicho anuncio de resultados de colocación se realice tan pronto como sea posible después del cierre de Bookbuild.
(j) Subject to paragraphs (g) and (h) above, Capital de Allenby reserve the right not to accept offers to subscribe for Placing Shares or to accept such offers, either in whole or in part, on the basis of allocations determined at their discretion and may scale down any offers as they may determine, subject to agreement with the Company. The acceptance of offers to subscribe for Placing Shares shall be at Allenby Capital's absolute discretion, subject only to agreement with the Company.
(k) Irrespective of the time at which a Placee's allocation(s) pursuant to the Placing is/are confirmed, settlement for all Placing Shares to be acquired pursuant to the Placing will be required to be made at the time specified, on the basis explained, below under the paragraph entitled "Registration and Settlement".
(l) No commissions are payable to Placees in respect of the Placing.
(m) By participating in the Bookbuild, each Placee agrees that its rights and obligations in respect of the Placing will terminate only in the circumstances described below and will not be capable of rescission or termination by the Placee. All obligations under the Placing will be subject to the fulfilment of the conditions referred to below under the paragraphs entitled "Conditions of the Placing" and "Termination of the Placing Agreement".
(n) For the avoidance of doubt, if the Placing Agreement between the Company and Allenby Capital is terminated prior to First Admission then the Placing will not occur. If the Placing Agreement is terminated following First Admission but prior to Second Admission then Second Admission will not occur but Placees' obligations will remain fully effective in respect of the First Placing Shares and First Admission.
Condiciones de colocación
Las obligaciones de Capital de Allenby under the Placing Agreement in relation to the First Placing Shares are conditional upon, Entre otros:
(a) the Company having complied with its obligations under the Placing Agreement (to the extent that such obligations fall to be performed prior to First Admission); and
(b) First Admission having occurred at 8.00 a.m. on 28 March 2024 or such later time and/or date as the Company and Capital de Allenby may agree, but in any event not later than 8.00 a.m. on 20 May 2024.
Las obligaciones de Capital de Allenby under the Placing Agreement in relation to the Second Placing Shares, are conditional upon, Entre otros:
a) First Admission having occurred at 8.00 a.m. on 28 March 2024 or such later time and/or date as the Company and Capital de Allenby may agree, but in any event not later than 8.00 a.m. on 20 May 2024;
b) the Circular having been posted and the passing, without amendment, of the Resolution at the General Meeting before 5.00 p.m. on 23 April 2024 (Aest) (or such later time and/or date as the Company and Capital de Allenby may agree);
c) the Company complying with its obligations under the Placing Agreement to the extent that they fall to be performed before Second Admission; and
e) Second Admission having become effective at or before 8.00 a.m. on 25 April 2024 or such later time and/or date as the Company and Capital de Allenby may agree (but in any event no later than 8.00 a.m. on 20 May 2024),
(all conditions to the obligations of Allenby Capital included in the Placing Agreement being together, the "Condiciones").
If (i) any of the Conditions contained in the Placing Agreement in relation to the First Placing Shares are not fulfilled or waived by Capital de Allenby by the respective time or date where specified, (ii) any of such Conditions becomes incapable of being fulfilled or (iii) the Placing Agreement is terminated in the circumstances specified below prior to First Admission, the Placing will not proceed and each Placee's rights and obligations hereunder in relation to all the Placing Shares shall cease and terminate at such time, all monies received from a Placee pursuant to the Placing shall be returned to such Placee without interest, at the risk of the relevant Placee and each Placee agrees that no claim can be made by the Placee in respect thereof.
If First Admission takes place but (i) any of the Conditions contained in the Placing Agreement in relation to the Second Placing Shares are not fulfilled or waived by Capital de Allenby by the respective time or date where specified, (ii) any of such Conditions becomes incapable of being fulfilled or (iii) the Placing Agreement is terminated in the circumstances specified below following First Admission but prior to Second Admission, the Second Placing will not proceed and the Placee's rights and obligations hereunder in relation to the Second Placing Shares shall cease and terminate at such time, all monies received from a Placee pursuant to the Second Placing shall be returned to such Placee without interest, at the risk of the relevant Placee and each Placee agrees that no claim can be made by the Placee in respect thereof (but Placees' obligations will remain fully effective in respect of the First Placing Shares and First Admission).
Capital de Allenby, at their discretion and upon such terms as they think fit, may waive compliance by the Company with the whole or any part of any of the Company's obligations in relation to the Conditions in the Placing Agreement. Any such extension or waiver will not affect Placees' commitments as set out in this Announcement.
Neither Capital de Allenby nor the Company nor any other person shall have any liability to any Placee (or to any other person whether acting on behalf of a Placee or otherwise) in respect of any decision they may make as to whether or not to waive or to extend the time and/or the date for the satisfaction of any condition to the Placing nor for any decision they may make as to the satisfaction of any condition or in respect of the Placing generally, and by participating in the Placing each Placee agrees that any such decision is within the absolute discretion of Capital de Allenby.
Terminación del Acuerdo de Colocación
Capital de Allenby is entitled at any time before Admission, to terminate the Placing Agreement in relation to its obligations in respect of the Placing Shares by giving notice to the Company if, amongst other things:
(a) the Company fails to comply with any of its obligations under the Placing Agreement; or
(b) any statement contained in this Announcement is, has become or has been discovered to have been untrue, incorrect or misleading at the date of such document in any material respect; or any matter which is material has arisen which would, if the First Placing or as applicable the Second Placing were made at that time, constitute an omission therefrom; or
(C) Capital de Allenby becomes aware of any circumstance which results in a breach of the warranties given by the Company in the Placing Agreement when given at the date of the Placing Agreement or which results in or might result in a breach of any of such warranties when deemed repeated under the Placing Agreement, by reference to the circumstances prevailing from time to time; or
(d) it comes to the notice of Capital de Allenby that a matter has arisen which is likely to give rise to a claim under any of the indemnities given by the Company under the Placing Agreement; or
(e) an event or other matter (including, without limitation, any change or development in economic, financial, political, diplomatic or other market conditions or any change in any government regulation) has occurred or is likely to occur which, in Allenby Capital's reasonable opinion, is (or will be if it occurs) likely materially and prejudicially to affect the financial position or the business or prospects of the Company or otherwise makes it impractical or inadvisable for Capital de Allenby to perform its obligations under the Placing Agreement (and for these purposes "market conditions" includes conditions affecting securities in the business sector in which the Company operates and conditions affecting securities generally and a material disruption in commercial banking services).
If Capital de Allenby terminates its obligations under the Placing Agreement in accordance with its terms, the rights and obligations of each Placee procured by Capital de Allenby in respect of the Placing as described in this Announcement shall cease and terminate at such time, all monies received from such Placees pursuant to the Placing shall be returned to such Placees without interest, at the risk of the relevant Placees, and each such Placee agrees that no claim can be made by or on behalf of the Placee (or any person on whose behalf the Placee is acting) in respect thereof, save that if the Placing Agreement is terminated following First Admission but prior to Second Admission then Second Admission will not occur but such Placees' obligations will remain fully effective in respect of the First Placing Shares and First Admission.
Procedimiento de colocación
Placees shall acquire the Placing Shares to be issued pursuant to the Placing and any allocation of the Placing Shares to be issued pursuant to the Placing will be notified to them on or around 21 March 2024 (or such other time and/or date as the Company and Capital de Allenby may agree).
Payment in full for any Placing Shares so allocated in respect of the Placing at the Issue Price must be made by no later than First Admission (in the case of First Placing Shares) or Second Admission (in the case of Second Placing Shares) (or in either case such other date as shall be notified to each Placee by Capital de Allenby). Capital de Allenby o la Compañía notificará a Placees si alguna de las fechas en estos términos y condiciones debe cambiar.
Registro y liquidación
Settlement of transactions in the relevant Placing Shares following Admission will take place within the CREST system, by the issue and delivery of Depositary Interests, subject to certain exceptions. Capital de Allenby and the Company reserve the right to require settlement for, and delivery of, the Placing Shares to Placees by such other means that they deem necessary if delivery or settlement is not possible within the CREST system within the timetable set out in this Announcement or would not be consistent with the regulatory requirements in the Placee's jurisdiction. Each Placee will be deemed to agree that it will do all things necessary to ensure that delivery and payment is completed in accordance with either the standing CREST or certificated settlement instructions which they have in place with Capital de Allenby.
Settlement of the First Placing Shares will be on a delivery versus payment basis and settlement is expected to take place on or around 28 March 2024. Settlement of the Second Placing Shares will be on a delivery versus payment basis and settlement is expected to take place on or around 25 April 2024. Interest is chargeable daily on payments to the extent that value is received after the due date from Placees at the rate of 2 percentage points above the prevailing Sterling Overnight Index Average. Each Placee is deemed to agree that if it does not comply with these obligations, Capital de Allenby may sell any or all of the Placing Shares allocated to it on its behalf and retain from the proceeds, for its own account and benefit, an amount equal to the aggregate amount owed by the Placee plus any interest due. By communicating an offer for Placing Shares, each Placee confers on Capital de Allenby all such authorities and powers necessary to carry out any such sale and agrees to ratify and confirm all actions which Capital de Allenby toma lícitamente en cumplimiento de dicha venta. Sin embargo, el Placee relevante seguirá siendo responsable de cualquier déficit por debajo del monto total adeudado por él y se le puede exigir que pague cualquier impuesto de timbre o impuesto de reserva de timbre (junto con cualquier interés o penalización) que pueda surgir de cualquier transacción en el Placement. Acciones en nombre de dicho Placee.
Aceptación
By participating in the Placing, a Placee (and any person acting on such Placee's behalf) irrevocably acknowledges, confirms, undertakes, represents, warrants and agrees (as the case may be) with Capital de Allenby and the Company, the following:
1. it is a Relevant Person and undertakes to subscribe at the Issue Price for those Placing Shares allocated to it by Capital de Allenby;
2. it has read and understood this Announcement (including these terms and conditions) in its entirety and that it has neither received nor relied on any information given or any investigations, representations, warranties or statements made at any time (including in any investor presentation) by any person in connection with Admission, the Placing, the Company, the Placing Shares, or otherwise, other than the information contained in this Announcement (including these terms and conditions) and that in participating in the Placing it will be relying solely on the information contained in this Announcement (including these terms and conditions) and undertakes not to redistribute or duplicate such documents;
3. its oral or written commitment will be made solely on the basis of the information set out in this Announcement (including these terms and conditions) and the information publicly announced to a Regulatory Information Service by or on behalf of the Company on the date of this Announcement, such information being all that such Placee deems necessary or appropriate and sufficient to make an investment decision in respect of the Placing Shares and that it has neither received nor relied on any other information given, or representations or warranties or statements made, by Capital de Allenby or the Company nor any of their respective affiliates and neither Capital de Allenby nor the Company will be liable for any Placee's decision to participate in the Placing based on any other information, representation, warranty or statement (including in any investor presentation);
4. the content of this Announcement and these terms and conditions are exclusively the responsibility of the Company and agrees that neither Capital de Allenby nor any of their affiliates nor any person acting on behalf of any of them will be responsible for or shall have liability for any information, representation or statements contained therein or any information previously published by or on behalf of the Company, and neither the Capital de Allenby nor the Company, nor any of their respective affiliates or any person acting on behalf of any such person will be responsible or liable for a Placee's decision to participate in the Placing;
5. (i) it has not relied on, and will not rely on, any information relating to the Company contained or which may be contained in any research report or investor presentation prepared or which may be prepared by Capital de Allenby, the Company or any of their affiliates; (ii) Capital de Allenby, their affiliates or any person acting on behalf of any of such persons has or shall have any responsibility or liability for public information relating to the Company; (iii) none of the Company, its affiliates or any person acting on behalf of any of such persons has or shall have any responsibility or liability for public information relating to the Company save for any information published via a regulatory information service; (iv) Capital de Allenby, the Company or their affiliates or any person acting on behalf of any of such persons has or shall have any responsibility or liability for any additional information that has otherwise been made available to it, whether at the date of publication of such information, the date of this Announcement (including these terms and conditions) or otherwise; and that (v) Capital de Allenby, the Company or their affiliates or any person acting on behalf of any of such persons makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of any such information referred to in (i) to (iv) above, whether at the date of publication of such information, the date of this Announcement or otherwise;
6. ha realizado su propia evaluación de la Empresa y se ha basado en su propia investigación de la posición comercial, financiera o de otro tipo de la Empresa al decidir participar en la Colocación, y se ha satisfecho con respecto a los impuestos, leyes, divisas y otras consideraciones económicas relevantes a su decisión de participar en la Colocación;
7. it is acting as principal only in respect of the Placing or, if it is acting for any other person: (i) it is duly authorised to do so and has full power to make the acknowledgements, confirmations, undertakings, representations, warranties, indemnities, and agreements herein on behalf of each such person; (ii) it is and will remain liable to the Company and the Capital de Allenby for the performance of all its obligations as a Placee in respect of the Placing (regardless of the fact that it is acting for another person); (iii) if it is in the United Kingdom, it is a person: (a) who has professional experience in matters relating to investments and who falls within the definition of "investment professionals" in Article 19(5) of the Order or who falls within Article 49(2) of the Order; and (b) is a "qualified investor" as defined in Article 2(e) of the UK Prospectus Regulation acting in circumstances to which section 86(2) of FSMA applies; (iv) if it is in a member state of the EEA, it is a "qualified investor" within the meaning of Article 2(e) of the EU Prospectus Regulation; and (v) the Placing Shares subscribed by it in the Placing are not being acquired on a nondiscretionary basis for, or on behalf of, any person nor, if it is a financial intermediary, as that term is used in Article 5(1) of the UK Prospectus Regulation or Article 5(1) of the EU Prospectus Regulation, will they be acquired with a view to their offer or resale to persons in the UK or in a member state of the EEA in circumstances which may give rise to an offer of shares to the public, other than their offer or resale to qualified investors within the meaning of Article 2(e) of the UK Prospectus Regulation or within the meaning of Article 2(e) of the EU Prospectus Regulation in a member state of the EEA;
8. si ha recibido información confidencial sensible al precio sobre la Compañía antes de la Colocación, no ha: (i) negociado con los valores de la Compañía; (ii) alentó o requirió que otra persona negociara con los valores de la Compañía; o (iii) divulgado dicha información a cualquier persona, antes de que la información esté disponible para el público en general;
9. it has complied with its obligations in connection with money laundering and terrorist financing under the Proceeds of Crime Act 2002, the Terrorism Act 2000, the Terrorism Act 2006, the Criminal Justice (Money Laundering and Terrorism Financing) Act 2010 and the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, in each case as amended, and any related or similar rules, regulations or guidelines, issued, administered or enforced by any government agency having jurisdiction in respect thereof (the "Regulación") y, si está realizando el pago en nombre de un tercero, ha obtenido y registrado pruebas satisfactorias para verificar la identidad del tercero según lo exija el Reglamento;
10. it has only communicated or caused to be communicated and will only communicate or cause to be communicated any invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000 (as amended) ("FSMA")) en relación con la Colocación de Acciones en circunstancias en las que la sección 21(1) de FSMA no requiere la aprobación de la comunicación por parte de una persona autorizada;
11. no está actuando en concierto (dentro del significado dado en el Código de la Ciudad sobre Adquisiciones y Fusiones) con ningún otro Lugar o cualquier otra persona en relación con la Compañía;
12. ha cumplido y cumplirá con todas las disposiciones aplicables de la FSMA con respecto a todo lo que haya hecho en relación con la colocación de acciones en, desde o que involucre de otro modo al Reino Unido;
13. unless otherwise agreed by the Company (after agreement with Capital de Allenby), it is not, and at the time the Placing Shares are subscribed for and purchased will not be, subscribing for and on behalf of a resident of the United States, Canada, Australia, Japan, the Republic of South Africa or any other Excluded Territory and further acknowledges that the Placing Shares have not been and will not be registered under the securities legislation of any Excluded Territory and, subject to certain exceptions, may not be offered, sold, transferred, delivered or distributed, directly or indirectly, in or into those jurisdictions or any other Excluded Territory;
14. it does not expect Capital de Allenby to have any duties or responsibilities towards it for providing protections afforded to clients under the rules of the FCA Handbook (the "Reglas") or advising it with regard to the Placing Shares and that it is not, and will not be, a client of Capital de Allenby as defined by the Rules. Likewise, any payment by it will not be treated as client money governed by the Rules;
15. any exercise by Capital de Allenby of any right to terminate the Placing Agreement or of other rights or discretions under the Placing Agreement or the Placing shall be Allenby Capital's absolute discretion and Capital de Allenby shall not have any liability to it whatsoever in relation to any decision to exercise or not to exercise any such right or the timing thereof;
16. it has the funds available to pay for the Placing Shares which it has agreed to acquire and acknowledges, agrees and undertakes that it will make payment to Capital de Allenby for the Placing Shares allocated to it in accordance with the terms and conditions of this Announcement on the due times and dates set out in this Announcement, failing which the relevant Placing Shares may be placed with others on such terms Capital de Allenby puede, a su absoluta discreción, determinar sin responsabilidad para el Placee y seguirá siendo responsable de cualquier déficit por debajo de los ingresos netos de dicha venta y los ingresos de colocación de dichas Acciones de Colocación y se le puede exigir que pague cualquier impuesto de timbre o impuesto de reserva de timbre ( junto con cualquier interés o penalización adeudada de conformidad con los términos establecidos o referidos en este Anuncio) que puedan surgir de la venta de las Acciones de Colocación de dicha Placee en su nombre;
17. no distribuirá, reenviará, transferirá ni transmitirá de otro modo este Anuncio o cualquier parte del mismo, o cualquier otro material de presentación o de otro tipo relacionado con la Colocación en cualquier Territorio Excluido (incluidas las copias electrónicas del mismo) a ninguna persona, y tiene no distribuyó, reenvió, transfirió ni transmitió dichos materiales a ninguna persona;
18. ni él, ni la persona especificada por él para el registro como titular de Acciones de Colocación es, o está actuando como representante(s) o agente(s) para, y que las Acciones de Colocación no se asignarán a, una persona/ persona(s) cuyo negocio sea o incluya la emisión de certificados de depósito o la prestación de servicios de liquidación y, por lo tanto, que la emisión al Placee, o la persona especificada por el Placee para el registro como titular, de las Acciones de Colocación no dará lugar a una responsabilidad en virtud de cualquiera de las secciones 67, 70, 93 y 96 de la Ley de Finanzas de 1986 (recibos de depósito y servicios de compensación) y que las Acciones de Colocación no se adquieren en relación con acuerdos para emitir recibos de depósito o para emitir o transferir Acciones de Colocación a un sistema de autorización;
19. the person who it specifies for registration as holder of the Placing Shares will be: (i) itself; or (ii) its nominee, as the case may be, and acknowledges that Capital de Allenby and the Company will not be responsible for any liability to pay stamp duty or stamp duty reserve tax (together with interest and penalties) resulting from a failure to observe this requirement; and each Placee and any person acting on behalf of such Placee agrees to participate in the Placing on the basis that the Placing Shares will be allotted and issued to Computershare, as depository, and that the Company shall procure that Computershare shall issue Depositary Interests representing the Placing Shares allocated to it to a CREST stock account of Capital de Allenby quien los mantendrá como nominados en nombre del Placee hasta la liquidación de acuerdo con sus instrucciones permanentes de liquidación con este;
20. cuando adquiera Acciones de Colocación para una o más cuentas administradas, cada cuenta administrada lo autorice por escrito a adquirir Acciones de Colocación para esa cuenta administrada;
21. si se trata de un fondo de pensiones o una sociedad de inversión, la adquisición de cualquier Acciones de Colocación se realiza en pleno cumplimiento de las leyes y reglamentos aplicables;
22. it and/or each person on whose behalf it is participating: (i) is entitled to acquire Placing Shares pursuant to the Placing under the laws and regulations of all relevant jurisdictions; (ii) has fully observed such laws and regulations; and (iii) has the capacity and has obtained all requisite authorities and consents (including, without limitation, in the case of a person acting on behalf of a Placee, all requisite authorities and consents to agree to the terms set out or referred to in this Appendix) under those laws or otherwise and has complied with all necessary formalities to enable it to enter into the transactions and make the acknowledgements, confirmations, undertakings, representations, warranties, indemnities, and agreements contemplated hereby and to perform and honour its obligations in relation thereto on its own behalf (and in the case of a person acting on behalf of a Placee on behalf of that Placee); (iv) does so agree to the terms set out in this Appendix and does so make the acknowledgements, confirmations, undertakings, representations, warranties, indemnities, and agreements contained in this Announcement on its own behalf (and in the case of a person acting on behalf of a Placee on behalf of that Placee); and (v) is and will remain liable to the Company and Capital de Allenby for the performance of all its obligations as a Placee of the Placing (whether or not it is acting on behalf of another person);
23. it is aware of the obligations regarding insider dealing in the Criminal Justice Act 1993, market abuse under UK MAR, MAR and the Proceeds of Crime Act 2002 and confirms that it has and will continue to comply with those obligations;
24. in order to ensure compliance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended, Capital de Allenby (for their own purposes and as agent on behalf of the Company) or the Company's registrars may, in their absolute discretion, require verification of its identity. Pending the provision to Capital de Allenby or the Company's registrars, as applicable, of evidence of identity, definitive certificates in respect of the Placing Shares may be retained at Capital de Allenby's absolute discretion or, where appropriate, delivery of the Placing Shares to it in uncertificated form may be delayed at Allenby Capital's or the Company's registrars', as the case may be, absolute discretion. If within a reasonable time after a request for verification of identity Allenby Capital's (for its own purpose and as agent on behalf of the Company) or the Company's registrars have not received evidence satisfactory to them, Capital de Allenby y/o la Compañía pueden, a su absoluta discreción, rescindir su compromiso con respecto a la Colocación, en cuyo caso el dinero pagadero al aceptar la asignación, si ya se pagó, se devolverá sin intereses a la cuenta del banco del librado de donde originalmente fueron debitados at the risk of the relevant Placee and each Placee agrees that no claim can be made by the Placee in respect thereof;
25. it has not offered or sold and will not offer or sell any Placing Shares to persons in the United Kingdom, except to persons whose ordinary activities involve them in acquiring, holding, managing or disposing of investments (as principal or agent) for the purposes of their business or otherwise in circumstances which have not resulted and which will not result in an offer to the public in the United Kingdom within the meaning of section 85(1) of the FSMA;
26. it has not offered or sold and will not offer or sell any Placing Shares to persons in any member state of the EEA prior to Admission except to persons whose ordinary activities involve them acquiring, holding, managing or disposing of investments (as principal or agent) for the purpose of their business or otherwise in circumstances which have not resulted and will not result in an offer to the public in any member state of the EEA within the meaning of the EU Prospectus Regulation;
27. participation in the Placing is on the basis that, for the purposes of the Placing, it is not and will not be a client of Allenby Capital's y que Capital de Allenby do not have any duties or responsibilities to it for providing the protections afforded to their clients nor for providing advice in relation to the Placing nor in respect of any representations, warranties, undertakings or indemnities contained in the Placing Agreement or the contents of these terms and conditions;
28. to provide Capital de Allenby or the Company (as relevant) with such relevant documents as they may reasonably request to comply with requests or requirements that either they or the Company may receive from relevant regulators in relation to the Placing, subject to its legal, regulatory and compliance requirements and restrictions;
29. to the extent that it is a legal or beneficial holder of Ordinary Shares, that it will submit, or procure the submission by its nominee of, either: (i) a validly signed Form of Proxy; or (ii) CREST voting instructions, voting in favour of the Resolution, in either case not later than 72 hours prior to the General Meeting;
30. any agreements entered into by it pursuant to these terms and conditions shall be governed by and construed in accordance with the laws of England and Wales and it submits (on its behalf and on behalf of any Placee on whose behalf it is acting) to the exclusive jurisdiction of the English courts as regards any claim, dispute or matter arising out of any such contract, except that enforcement proceedings in respect of the obligation to make payment for the Placing Shares (together with any interest chargeable thereon) may be taken Capital de Allenby en cualquier jurisdicción en la que esté constituida la entidad correspondiente o en la que cualquiera de sus valores cotice en una bolsa de valores reconocida;
31. to fully and effectively indemnify on an on-demand after tax basis and hold harmless the Company, Capital de Allenby and each of their respective affiliates, and any such person's respective affiliates, subsidiaries, branches, associates and holding companies, and in each case their respective directors, employees, officers and agents from and against any and all losses, claims, damages, liabilities, costs and expenses (including legal fees and expenses): (i) arising from any breach by such Placee of any of the provisions of these terms and conditions; (ii) incurred by either Capital de Allenby and/or the Company arising from the performance of the Placee's obligations as set out in these terms and conditions and (iii) arising out of or in connection with any breach of the acknowledgements, confirmations, undertakings, representations, warranties, indemnities, and agreements contained in the Announcement and further agrees that the provisions of these terms and conditions shall survive after completion of the Placing;
32. in making any decision to subscribe for the Placing Shares: (i) it has knowledge and experience in financial, business and investment matters as is required to evaluate the merits and risks of acquiring the Placing Shares; (ii) it is experienced in investing in securities of this nature and is aware that it may be required to bear, and is able to bear, the economic risk of, and is able to sustain a complete loss in connection with, the Placing; (iii) it has relied on its own examination, due diligence and analysis of the Company and its affiliates taken as a whole, including the markets in which the Company operates, and the terms of the Placing, including the merits and risks involved; (iv) it has had sufficient time to consider and conduct its own investigation with respect to the offer and purchase of the Placing Shares, including the legal, regulatory, tax, business, currency and other economic and financial considerations relevant to such investment; and (v) will not look to Capital de Allenby or any of their respective affiliates or any person acting on their behalf for all or part of any such loss or losses it or they may suffer;
33. its commitment to acquire Placing Shares will continue notwithstanding any amendment that may in future be made to the terms and conditions of the Placing, and that Placees will have no right to be consulted or require that their consent be obtained with respect to the Company's or Allenby Capital's conduct of the Placing; and
34. it acknowledges and understands that Capital de Allenby and the Company and their respective affiliates and others will rely upon the truth and accuracy of the foregoing acknowledgements, confirmations, undertakings, representations, warranties, indemnities, and agreements which are irrevocable.
Please also note that the agreement to allot and issue Placing Shares to Placees (or the persons for whom Placees are contracting as agent) free of stamp duty and stamp duty reserve tax in the UK relates only to their allotment and issue to Placees, or such persons as they nominate as their agents, direct from the Company for the Placing Shares in question. Such agreement assumes that such Placing Shares are not being acquired in connection with arrangements to issue depositary receipts or to transfer such Placing Shares into a clearance service. If there were any such arrangements, or the settlement related to other dealing in such Placing Shares, stamp duty or stamp duty reserve tax may be payable, for which none of the Company nor Capital de Allenby would be responsible and Placees shall indemnify the Company and Capital de Allenby on an after-tax basis for any stamp duty or stamp duty reserve tax paid by them in respect of any such arrangements or dealings. Furthermore, each Placee agrees to indemnify on an after-tax basis and hold Capital de Allenby and/or the Company and their respective affiliates harmless from any and all interest, fines or penalties in relation to stamp duty, stamp duty reserve tax and all other similar duties or taxes to the extent that such interest, fines or penalties arise from the unreasonable default or delay of that Placee or its agent. If this is the case, it would be sensible for Placees to take their own advice and they should notify Capital de Allenby respectivamente. Además, Placees debe tener en cuenta que serán responsables de cualquier impuesto de capital, impuesto de timbre y todos los demás sellos, emisiones, valores, transferencias, registros, documentos u otros derechos o impuestos (incluidos los intereses, multas o sanciones relacionados con los mismos) pagaderos fuera Reino Unido por ellos o por cualquier otra persona en la adquisición por ellos de cualquier Acciones en Colocación o el acuerdo por ellos para adquirir cualquier Acciones en Colocación.
Restricciones de venta
By participating in the Placing, a Placee (and any person acting on such Placee's behalf) irrevocably acknowledges, confirms, undertakes, represents, warrants and agrees (as the case may be) with Capital de Allenby and the Company, the following:
1. no es una persona que tiene una dirección registrada en, o es residente, ciudadano o nacional de un país o países, en los que es ilegal hacer o aceptar una oferta para suscribir Acciones en Colocación;
2. ha observado y observará plenamente las leyes aplicables de cualquier territorio pertinente, incluido el cumplimiento de las restricciones de venta establecidas en el presente y la obtención de los consentimientos gubernamentales o de otro tipo necesarios, y ha observado y observará plenamente cualquier otra formalidad y pago requeridos cualquier emisión, transferencia u otros impuestos adeudados en dichos territorios;
3. si se encuentra en el Reino Unido, es una persona: (i) que tiene experiencia profesional en asuntos relacionados con inversiones y que cae dentro de la definición de "profesionales de la inversión" en el Artículo 19(5) de la Orden o que cae dentro del Artículo 49(2) de la Orden, y (ii) es un "inversionista calificado" como se define en el Artículo 2(e) del Reglamento de Prospectos del Reino Unido;
4. si se encuentra en un estado miembro del EEE, es un "inversor calificado" en el sentido del Artículo 2(e) del Reglamento de Folletos de la UE;
5. es una persona cuyas actividades ordinarias la involucran (como principal o agente) en la adquisición, tenencia, administración o enajenación de inversiones para los fines de su negocio y se compromete a que (como principal o agente) adquirirá, mantendrá, administrará o enajenar cualquier Acciones de Colocación que le sean asignadas para los propósitos de su negocio; y
6. it (on its behalf and on behalf of any Placee on whose behalf it is acting) has: (a) fully observed the laws of all relevant jurisdictions which apply to it; (b) obtained all governmental and other consents which may be required; (c) fully observed any other requisite formalities; (d) paid or will pay any issue, transfer or other taxes; (e) not taken any action which will or may result in the Company or Capital de Allenby (or any of them) being in breach of a legal or regulatory requirement of any territory in connection with the Placing; (f) obtained all other necessary consents and authorities required to enable it to give its commitment to subscribe for the relevant Placing Shares; and (g) the power and capacity to, and will, perform its obligations under the terms contained in these terms and conditions.
Observaciones
The Company reserves the right to treat as invalid any application or purported application for Placing Shares that appears to the Company or its agents to have been executed, effected or dispatched from the United States or any other Excluded Territory or in a manner that may involve a breach of the laws or regulations of any jurisdiction or if the Company or its agents believe that the same may violate applicable legal or regulatory requirements or if it provides an address for delivery of the share certificates of Placing Shares in the United States, any other Excluded Territory, or any other jurisdiction outside the United Kingdom in which it would be unlawful to deliver such share certificates.
When a Placee or person acting on behalf of the Placee is dealing with Capital de Allenby, any money held in an account with Capital de Allenby on behalf of the Placee and/or any person acting on behalf of the Placee will not be treated as client money within the meaning of the rules and regulations of the FCA made under the FSMA. The Placee acknowledges that the money will not be subject to the protections conferred by the client money rules; as a consequence, this money will not be segregated from Allenby Capital's money in accordance with the client money rules and will be used by Capital de Allenby in the course of their own business; and the Placee will rank only as a general creditor of Capital de Allenby.
Equipos
Unless the context otherwise requires, all references to time and dates are to London time and dates. All times and dates in these terms and conditions may be subject to amendment. Capital de Allenby will notify Placees and any persons acting on behalf of the Placees of any changes.
APÉNDICE II - DEFINICIONES
Las siguientes definiciones se aplican a lo largo de este Anuncio, a menos que el contexto requiera lo contrario:
| |
"A$" | the Australian dollar, the legal currency of Australia; |
"Admisión" | First Admission and/or Second Admission, as the context requires; |
"AEST" | Australian Eastern Standard Time; |
"AIM" | un mercado operado por la Bolsa de Valores de Londres; |
"Reglas AIM" | las Reglas AIM para Empresas publicadas por la Bolsa de Valores de Londres de vez en cuando; |
"Allenby Capital" | Allenby Capital Limitada; |
"Tablero" or "Directores" | los directores de la Compañía; |
"BST" | Horario de verano británico; |
"Circular" | a circular to be posted to members of the Company enclosing the Notice of General Meeting; |
"Empresa" or "CAP-XX" | CAP-XX Limited, registered in Australia with Australian Company Number 050 845 291; |
"CRESTA" | the computerised settlement system (as defined in the CREST Regulations) operated by Euroclear UK & International Limited which facilitates the transfer of title to shares in uncertificated form; |
"Computershare" | Computershare Investor Services PLC or Computershare Investor Services Pty Ltd, as appropriate; |
"Intereses del depositario" | depositary interests representing Ordinary Shares; |
"Capital social ordinario ampliado" | the entire issued ordinary share capital of the Company immediately following the issue and allotment of the Placing Shares and Subscription Shares; |
"Acciones ordinarias existentes" | the 720,188,327 Ordinary Shares in issue as at the date of this Announcement; |
"FCA" | la Autoridad de Conducta Financiera del Reino Unido; |
"Primera Admisión" | admission of the First Placing Shares to trading on AIM becoming effective in accordance with Rule 6 of the AIM Rules; |
"Primera colocación" | the conditional placing of the First Placing Shares at the Issue Price pursuant to the Placing Agreement; |
"Acciones por primera vez" | the 103,854,880 new Ordinary Shares to be issued pursuant to the Placing without being conditional on the passing of the Resolution; |
"Forma de instrucción" | the form of written instruction for use by Depositary Interest holders in connection with the General Meeting; |
"Forma de apoderado" | the form of proxy for use by Shareholders at the General Meeting, which accompanies the Circular; |
"Recaudación de fondos" | together the Placing, Subscription and Retail Offer of a total of up to 2,235,000,000 New Ordinary Shares at 0.1p per share to raise up to approximately £2.2 million before expenses; |
"Reunión general" | the general meeting of the Company to be held at the offices of CAP-XX Limited at Unit 1/13A Stanton Road, Seven Hills, Australia at 5 p.m. AEST on 23 April 2024 or any adjournment thereof, notice of which is set out at the end of the Circular;
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"GMT" | Greenwich Mean Time; |
"ISIN" | Número Internacional de Identificación de Valores; |
"Precio de emisión" | 0.1 peniques por nueva acción ordinaria |
"Bolsa de Valores de Londres" | el grupo de la bolsa de valores de londres plc |
"MAR" or "UK MAR" | Market Abuse Regulation (EU) No 596/2014 of the European Parliament and the Council of 16 April 2014 which has effect in English law by virtue of the European Union (Withdrawal) Act 2018 |
"Nuevas acciones ordinarias" | together, the Placing Shares, the Subscription Shares and Retail Offer Shares, representing a total of up to 2,235,000,000 new Ordinary Shares; |
"Aviso de Junta General" | the notice convening the General Meeting, which is set out at the end of the Circular; |
"Acciones ordinarias" | acciones ordinarias sin valor nominal en el capital de la Sociedad; |
"Directores participantes" | the Directors of the Company participating in the Fundraise, being Lars Stegmann, Patrick Elliott and Steen Feldskov; |
"Lugares" | subscribers for Placing Shares pursuant to the Placing; |
"Colocación" | the First Placing and Second Placing; |
"Acuerdo de colocación" | the conditional agreement entered into on 21 March 2024 between the Company and Allenby Capital; |
"Colocación de acciones" | The First Placing Shares and the Second Placing Shares; |
"Normas del prospecto" | the Prospectus Rules issued by the FCA; |
"Resolución" | the resolution to be proposed at the General Meeting set out in the Notice of General Meeting; |
"Oferta minorista" | conditional retail offer to existing shareholders via the REX platform to raise up to £0.2 million (before expenses) at the Issue Price; |
"Acciones de oferta minorista" | the Ordinary Shares to be issued and allotted pursuant to the Retail Offer; |
"Segunda Admisión" | admission of the Second Placing Shares, Subscription Shares and Retail Offers Shares to trading on AIM becoming effective in accordance with Rule 6 of the AIM Rules; |
"Segunda colocación" | the conditional placing of the Second Placing Shares at the Issue Price pursuant to the Placing Agreement; |
"Segunda colocación Acciones" | the 1,896,145,120 new Ordinary Shares to be issued pursuant to the Placing conditional, Entre otros, upon the passing of the Resolution; |
"Accionistas" | persons who are registered as holders of Ordinary Shares from time to time; |
"Suscripción" | the conditional subscription by the Participating Directors, for the Subscription Shares at the Issue Price; |
"Acciones de suscripción" | the 35,000,000 new Ordinary Shares to be issued to subscribers pursuant to the Subscription; |
"United Reino"O"UK" | el Reino Unido de Gran Bretaña e Irlanda del Norte; |
"Reglamento de folletos del Reino Unido" | the EU Prospectus Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018; |
"EE. UU." O "Estados Unidos" | the United States of America, its territories and possessions, any state of the United States of America, the District of Columbia and all other areas subject to its jurisdiction; |
US$ | US dollars, the legal currency of the United States; and |
"£" or "Sterling" | pounds sterling, the lawful currency of the United Kingdom. |
RNS puede usar su dirección IP para confirmar el cumplimiento de los términos y condiciones, para analizar cómo interactúa con la información contenida en esta comunicación y para compartir dicho análisis de forma anónima con otros como parte de nuestros servicios comerciales. Para obtener más información sobre cómo RNS y la Bolsa de Valores de Londres utilizan los datos personales que nos proporciona, consulte nuestra Política de privacidad.