Colocación propuesta, suscripción y oferta abierta
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18 de marzo de 2024
Quadrise plc
(el "Compañía"y junto con sus filiales el"Grupo procesos"O"cuadrilátero")
Colocación propuesta, suscripción y oferta abierta
Quadrise Plc (AIM:QED), the supplier of innovative energy solutions for a cleaner planet, today announces its intention to conduct a placing (el "Colocación") and subscription (the "Suscripción") de nuevas acciones ordinarias de £0.01 cada una en el capital de la Sociedad ("Acciones ordinarias") a un precio de 1.25 peniques por acción (el"Precio de emisión") to institutional and other investors to raise gross proceeds of £1.5 million.
Además, y en recognition of the continuing support from long-term shareholders, the Company also announces that it will be providing existing Qualifying Shareholders with the opportunity to participate in an open offer of new Ordinary Shares in the capital of the Company ("Acciones de oferta abierta") at the Issue Price to raise additional gross proceeds of up to a maximum of approximately £1.0 million (the "Oferta abierta") (together with the Placing and Subscription, the "Suma tu empresa"). The Open Offer will be launched on conclusion of the Placing and for such an amount as, together with the gross proceeds of the Placing and the Subscription, will see the Company raise gross proceeds of an aggregate of up to £2.5 million. The Placing Shares and the Subscription Shares (as defined below) are not subject to clawback and will not be part of the Open Offer.
La colocación se llevará a cabo a través de una construcción de libros acelerada (el "Construcción de libros") que se lanzará inmediatamente después de este Anuncio. La Colocación está sujeta a los términos y condiciones establecidos en el Apéndice 1 de este Anuncio.
Acciones de capital en tierrabrokers limitada ("Capital de la costa") y VSA Capital Limited ("Capital VSA") (juntos, el"corredores de libros") actúan como corredores de libros conjuntos y agentes colocadores in connection with the Placing. Cavendish Capital Markets Limited ("Cavendish") actúa como asesor designado de la Compañía.
The Placing and the Subscription are conditional on, Entre otros, (i) the Placing Agreement becoming unconditional in all respects in relation to the Placing and not having been terminated in accordance with its terms and (ii) First Admission. The Open Offer is conditional upon, inter alia, the Placing Agreement being unconditional in all respects in relation to the Open Offer and not having been terminated in accordance with its terms and Second Admission becoming effective.
The new Ordinary Shares to be issued in the Fundraise will be issued and allotted under the Company's existing authorities obtained at the Company's last annual general meeting held on 27 November 2023.
Para más información, por favor póngase en contacto con:
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Detalles de la Colocación y Suscripción
The Placing will be effected through the issue of hasta 119 millones nuevas Acciones Ordinarias (las "Colocación de acciones") a inversores nuevos y existentes. In addition to the Placing, the Company proposes to raise approximately £13,474 from a direct subscription by certain Directors of the Company ("Abonados") for a total of 1,077,893 new Ordinary Shares ("Acciones de suscripción") al Precio de Emisión.
La Colocación está sujeta a los términos y condiciones establecidos en el Apéndice 1 de este Anuncio. Los Bookrunners comenzarán la Bookbuild con respecto a la Colocación inmediatamente después de la publicación de este Anuncio. El número de Acciones de Colocación se determinará al cierre de la Bookbuild. y se anunciará tan pronto como sea posible después del cierre de Bookbuild.
The timing of the closing of the Bookbuild, pricing and allocations of the Placing Shares are at the absolute discretion of the Bookrunners, in consultation with Cavendish and the Company.
The Directors have indicated an intention to participate in the Placing and/or Subscription (the latter by way of a direct subscription with the Company for Subscription Shares) as follows:
Director | Suscripción prevista | Número de acciones de suscripción | Intended Placing participation | Número de acciones colocadas | Total intended Fundraise participación
| Total Fundraise shares |
Andy Morrison | N/A | N/A | £12,500 | 1,000,000 | £12,500 | 1,000,000 |
jason millas | N/A | N/A | £15,000 | 1,200,000 | £15,000 | 1,200,000 |
laurie mutch | £1,473.66 | 117,893 | N/A | N/A | £1,473.66 | 117,893 |
Vicky Boiten-Lee | £10,000 | 800,000 | N/A | N/A | £10,000 | 800,000 |
Dilip Shah | £2,000 | 160,000 | N/A | N/A | £2,000 | 160,000 |
The Placing Shares and Subscription Shares, when issued, will be credited as fully paid and will rank al mismo ritmo in all respects with each other, with the Open Offer Shares and with the Existing Ordinary Shares, including, without limitation, the right to receive all dividends and other distributions declared, made or paid after the date of the relevant Admission.
Application will be made to the London Stock Exchange for the Placing Shares, Subscription Shares and Open Offer Shares to be admitted to trading on AIM. Settlement of the Placing Shares and Subscription Shares is expected to take place on or around 8.00 a.m. on 26 March 2024 ("Primera Admisión") (or such later date as may be agreed between the Bookrunners, Cavendish and the Company being no later than 8.00 a.m. GMT on 31 May 2024).
The Placing and Subscription are conditional upon, Entre otros, (i) the Placing Agreement not being terminated in accordance with its terms and (ii) First Admission becoming effective.
El Apéndice 1 de este Anuncio establece más información relacionada con el Bookbuild y los términos y condiciones de la Colocación.
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Background to and Rationale for the Fundraise
At the recent COP 28 climate conference in Dubai, representatives from nearly 200 countries reached a historic agreement to 'transition away from fossil fuels'. This agreement adds to the momentum already underway in global energy markets, as policy makers, companies and investors worldwide work to accelerate the adoption of decarbonisation technologies to avert the worst impacts of climate change and achieve net zero by 2050. The shipping industry, in particular, has seen significant progress as ship owners, cargo owners and governments collaborate to reduce emissions from international traded goods.
Quadrise has positioned itself as a provider of lower cost decarbonisation solutions for the shipping industry and other consumers of heavy fuel oil. The progress demonstrated in 2023 and early 2024 underlines the Board's confidence in both the quality of our solutions and the commercial opportunities that they provide to shipping and other major energy-consuming sectors.
De la empresa near-term strategy permanece unchanged. We continue to focus on our key projects with MSC Shipmanagement Limited ("MSC"), Valkor Technologies LLC ("Valkor") and with our client in Morocco, as these represent the most efficient use of our financial resources and provide the fastest and most material pathway to commercialisation para MSAR® and bioMSAR?. Important milestones have been reached in each of these key projects, with an agreement recently signed with Cargill NV ("Cargill") y dirección MAC2 Solutions NV ("dirección MAC2") with regard to the production of fuel for the MSC trials, successful completion of the trial in Morocco with further agreements expected to follow, and the Company expecting commercial licencia revenues in 2024 from Valkor following the approval of drilling permits and expected financing for their projects. This continued progress is critical in attracting new customers, investors and strategic partners.
The net proceeds of the Placing and Subscription are expected to provide Quadrise with the necessary working capital resources to 31 March 2025, by which time projects in Morocco and Utah are expected to be generating commercial revenues, and the trial with MSC will be near completion, should active project milestones be delivered on currently anticipated timelines.
The Open Offer to Qualifying Shareholders of up to 80 million Open Offer Shares at the Issue Price of 1.25 pence per Open Offer Share se espera que raise additional funds of up to approximately £1.0 million (before expenses), assuming the Open Offer is fully subscribed. The net proceeds of the Open Offer se espera que provide Quadrise with the resources to progress opportunities in Central America and Southeast Asia, thereby creating a presence in the marine bunkering hubs of Panama and Singapore, enable progress with bioMSAR development and provide a clear pathway to profitability.
Opiniones de la junta
The Board believes that the net proceeds of the Fundraise will strengthen the Company's balance sheet and secure the Company's financial position in the immediate future. The Board believes that the net proceeds of the Placing and Subscription are expected to provide Quadrise with the necessary working capital resources to 31 March 2025, by which time projects in Morocco and Utah are expected to be generating commercial revenues, and the trial with MSC will be near completion, should active project milestones be delivered on currently anticipated timelines.
Should the Open Offer be fully subscribed, the net proceeds of the Open Offer are expected to provide cuadrilátero with a clear pathway to profitability and the resources to progress opportunities in Central America and Southeast Asia, thereby creating a presence in the marine bunkering hubs of Panama and Singapore.
The Board therefore considers the Fundraise to be in the best interests of the Company and its Shareholders as a whole.
The Company's Directors and certain PDMRs intend to participate in the Placing, Subscription or Open Offer in respect of an aggregate of up to 3,437,893 new Ordinary Shares in the Company.
Entrega de proyectos clave
The Group's strategy is to generate demand primarily amongst the shipping industry and to stimulate supply of our fuels around global marine bunkering hubs. Our projects are designed to fulfil this strategy, with each now nearing a major milestone. Our focus is on the completion of the trials and agreements that will demonstrate MSAR® and bioMSAR? technology at commercial scale.
Decarbonisation of shipping: MSC
Our project with MSC is seen by the Board as an important first step in demonstrating the role that MSAR® and bioMSAR? technology can play in the decarbonisation of the shipping sector.
On 6 February 2024, Quadrise announced the signature of a Collaboration Agreement with Cargill and MAC2 in respect of the production of MSAR® and bioMSAR? fuels for the Company's forthcoming vessel trials on board the MSC Leandra. The signature of a binding agreement between Quadrise, MSC and Cargill is expected by end of Q1 2024, along with associated binding agreements for toll manufacture and fuel supply during the same period.
Upon conclusion of these agreements, the trials will be carried out following the installation and commissioning of an MMU and associated equipment at the MAC2 bunker facility in Antwerp, Belgium. MSAR® and bioMSAR? fuels will then be produced at the MAC2 site using feedstocks supplied by Cargill, who will also be responsible for bunkering operations to supply the fuels to the MSC Leandra.
The MMU and associated equipment is expected to be installed and commissioned at the MAC2 site later in Q2 2024 with the vessel trials then commencing in Q3 2024, subject to the receipt of permits by MAC2. The trial will comprise initial Proof of Concept ("POC") tests using MSAR® and bioMSAR? followed by 4,000 hours of operation on bioMSAR? in order to obtain a Letter of No Objection ("LONO") from Wärtsilä, the original equipment manufacturer. The bioMSAR? LONO trial is expected to conclude approximately 6-8 months following completion of the 1-2 month long POC tests.
Upon successful LONO trial completion, the parties then expect to conclude a commercial supply agreement and seek to secure MSAR® and bioMSAR? bunker supply operations to the marine sector by Cargill from MAC2 facilities in Antwerp and Bruges on a permanent basis.
In addition to progressing this opportunity with MSC, the Company continues to assess strategic options and partnerships with the intention of accelerating the commercialisation of both bioMSAR? and MSAR® para aplicaciones marinas.
Proyectos de apoyo
In line with our strategy to decarbonise shipping, the Group's other projects all support demand and supply around major marine bunker hubs.
Marruecos
The Group's project with the industrial client in Morocco is intended to stimulate supply of MSAR® in the Mediterranean, a significant region for maritime trade and bunkering due to its strategic location connecting Europe, Asia, and Africa.
In November 2023, Quadrise successfully completed an industrial demonstration test of trial quantities of MSAR® and bioMSAR? at the 'Site-B' facility of its client in Morocco, a major chemicals company. The industrial unit in question was successfully operated at varying loads of up to 100%, equivalent to 33MW of energy that is supplied by a single burner. This is similar to the energy consumption of a medium-sized container ship. This was the first demonstration of bioMSAR? in a commercial application. Following completion, Quadrise submitted a technical report on the test results to the client.
The parties have now entered discussions for long-term commercial supply with a view to signing a fuel supply agreement in H1 2024. Additionally, the parties are seeking to reach an agreement to increase commercial applications for MSAR®, and in the future, bioMSAR? fuels more broadly across other client locations. As a key part of this exercise, Quadrise have completed a technical and economic feasibility study for a potential additional industrial demonstration test at a second site of the client ('Site A'), at the client's cost.
Utah
The project with Valkor in Utah, USA, targets the supply of low sulphur MSAR® and bioMSAR? to the marine and power sectors, with the fuels produced on site then transported to major ports and power stations.
En junio de 2023, QIL firmó un Site License and Supply Agreement ("SLS") with Valkor, under which QIL granted Valkor the exclusive right and license to use our technology at a central processing facility located at the Primary Project Site ("PPS") en Asphalt Ridge en Utah, USA and to market the fuel on a non-exclusive basis from Utah.
In exchange, Valkor will pay QIL a US$1.0 million licence fee subject to receipt by Valkor of project financing of at least US$15 million at the PPS. Valkor will pay QIL a further US$0.5 million upon delivery of an MMU to the PPS.
Following Valkor's receipt of the MMU, QIL will provide engineering, project development and support services for a minimum of two years, for which Valkor will pay QIL a quarterly retainer of US$75,000 under the SLS. Valkor may then choose to purchase QIL tecnología y MMU por US$1.0 millón.
A non-binding Heads of Agreement has also been entered into between the parties which sets out the basis on which QIL and Valkor will seek to agree a conditionally exclusive Sub-License Agreement to be granted to Valkor covering the state of Utah, as well as the terms on which the resulting net profit generated will be shared between QIL and Valkor.
The oil sands reserves at Asphalt Ridge comprise billions of barrels, with Valkor having interests in several projects at this location. Oil samples supplied by Valkor were successfully converted to both MSAR® and bioMSAR? by our RDI team at QRF in 2022.
Valkor is leading operations and development activities across several projects that could utilise the MMU at the PPS, including:
· Drilling operations in conjunction with project partners Heavy Sweet Oil LLC ("Hso") who are awaiting final technical approval from the Utah Division of Oil, Gas and Mining (the "División"). Once received, Valkor plans to commence pilot drilling at the PPS as soon as weather permits and in parallel submit Underground Injection Control permit applications for the subsequent injection of steam for enhanced heavy oil recovery. In January 2024, Trio Petroleum Corp (NYSE: TRIO) acquired a 20% option in this project upon payment of $2 million to support HSO's pilot drilling plans and unitisation application, in advance of raising project finance.
· An oil sands project with Greenfield Energy LLC ("Greenfield"), a wholly owned subsidiary of TomCo Energy plc (LSE: TOM) ("tomco"). Greenfield Energy owns a 10% Membership Interest in Tar Sands Holdings II (TSHII) with an exclusive option, at its sole discretion, to acquire the remaining 90% of the Membership Interests for an additional cash consideration. TSHII owns approximately 760 acres of land in Uintah County, Utah, USA. Subject to securing the requisite funding, Greenfield plans to use this site for the future mining of oil sands and construction of a commercial scale processing plant of 5,000 barrels of oil per day. TomCo also owns AC Oil LLC who own sub-surface heavy oil leases on the TSHII land and are involved in an exploration drilling program in conjunction with Valkor for which approval is awaited by the Division and the Greenfield project.
· An oil sands project with Ecoteq Energy ASA of Norway who are working with Valkor to implement their Clean Oil Sands Extraction Technology ("COSET") at the PPS to enable efficient and sustainable oil extraction from oil sands. In December 2023, Ecoteq and Valkor signed long term production agreements, with civil works scheduled to commence in April 2024 and completion of their first production unit by Q2 2025, pending finalisation of project financing.
Initial volumes of produced heavy oil from the drilling operations at the PPS are expected to be available for conversion to bioMSAR? and MSAR® under the SLS for commercial trials by potential shipping, industrial and power customers later in 2024 to develop the US market.
These commercial trials under the SLS would then be expected to lead to commercial supply and a potential profit-share from sales, subject to discussions with stakeholders to finalise agreements. Through the application of CO2 Gracias al secuestro y la nueva tecnología patentada de recuperación mejorada de petróleo en Utah, se anticipa que el petróleo pesado extraído tendrá una menor intensidad de carbono que los petróleos convencionales. Además, el bajísimo contenido de azufre y las propiedades de este petróleo pesado le permiten cumplir con la normativa de la Organización Marítima Internacional sobre combustible marítimo una vez convertido a MSAR.® or bioMSAR?, without the need for carbon-intensive oil refining. This heavy oil would therefore constitute a low carbon, low sulphur MSAR® or bioMSAR?.
América
The availability of MSAR® and bioMSAR? in major marine hubs such as the Panama Canal is seen by the Board as being key to the Group's decarbonisation of shipping strategy. The Company's intended project in Central America will provide a base for supply with demand being initially led by local power generators.
In 2023, QIL signed a Letter of Intent with Sparkle Power, a power generator in Panama, which outlined mutual intent for a commercial test of MSAR® and bioMSAR? at Sparkle Power's power plant, with conclusion of a Test Agreement and site trial being the precursors for entry into a Fuel Supply Agreement.
Due to prolonged drought conditions in Panama, which have reduced Panama's hydroelectric power supply, Sparkle Power have been running at full capacity, and thus not been able to progress trial preparations. As environmental conditions improve, the Company expects agreements to be finalised during H1 2024. Together with our local agents, we continue to explore other opportunities in the region to create demand and stimulate supply in and around Panama and Honduras, the latter being a large consumer of fuel oil for power generation.
Sureste de Asia
The Board has a further supporting strategy of establishing a presence in South East Asia, one of the world's key marine hubs and another intended supply point for MSAR® and bioMSAR? to the marine and industrial sectors.
During 2023, QIL entered discussions with a refinery in the region who are interested in conducting a trial using MSAR® technology for internal thermal applications in advance of a potential commercial agreement. The refinery is well placed nearby future bulk oil storage and trading opportunities.
Development of bioMSAR? and bioMSAR? Zero
Despite the immediate and cost-effective carbon reductions that bioMSAR? can offer we recognise that the requirement for net-zero carbon fuel solutions is becoming increasingly urgent. Our RDI strategy is now focused on the delivery of a commercially viable net-zero 'bioMSAR Zero' solution.
The Company has investigated alternative feedstocks to glycerine for bioMSAR? including water- and oil-soluble biofuels that would allow the development of a commercially competitive net-zero version of our fuel, 'bioMSAR? Zero', and we are currently well ahead of our target to launch in 2030.
bioMSAR? blends containing Vertoro's Crude Sugar Oil ("¿OSC?") reduced carbon dioxide ("CO2") emissions by over 30% when considering increased engine efficiency of up to 7%, and significantly reduced emissions of Nitrogen Oxides ("NOx") and Carbon Monoxide ("CO") when compared with diesel.
¿Nuevo bioMSAR? Se demostró que las formulaciones que incorporan biocombustibles que contienen ésteres metílicos a base de residuos reducen el CO.2 emissions by over 45%, increase engine efficiency by up to 7%, and reduce NOx and CO emissions significantly when compared with diesel, providing a new potential pathway for bioMSAR? Zero. In June 2023 Quadrise signed a Joint Development Agreement with BTG Bioliquids BV ("BTL") to investigate their proprietary Fast Pyrolysis Bio-oils ("FPBO") and sugars as a potential cost-effective renewable feedstock for bioMSAR?. Following positive results from this work, Quadrise have recently signed a Project Development Agreement ("PDA") with BTL and Euthenia Energy Group Limited ("Eutenia") under which a programme of lab and pilot testing, followed by diesel engine testing, is planned leading to a third-party commercial marine vessel trial.
Outlook: 2024 and beyond
At the recent COP28, nations approved a roadmap for transitioning away from fossil fuels to achieve net zero by 2050. The need for practical and cost-efficient transition solutions such as MSAR® and bioMSAR? has therefore never been more vital, as energy consumers in the shipping, power and industrial sectors now seek to reduce their carbon emissions whilst simultaneously reducing costs.
There is now a concerted industry effort to accelerate decarbonisation in the shipping sector, which is responsible for nearly 3% of global GHG emissions. This effort is being driven by both shipping operators and their customers. A joint declaration by major shipping company CEOs at COP 28 called for an end date for fossil-fuel only powered newbuild vessels and urged the IMO to create the regulatory conditions to accelerate the transition to green fuels. Marine freight buyers including Amazon, Philips and Nike have joined the Zero Emission Maritime Buyers Alliance ("ZEMBA"), a group with the mission to accelerate commercial deployment of zero-emission shipping. The Request for Proposal launched in September 2023 by ZEMBA seeks bids with sufficient capacity to move 600,000 containers over 3 years on ships that offer 90% reduction in GHG emissions compared to traditional fossil fuels.
The introduction and implementation of environmental regulations, particularly in Europe, is expected to increase biofuel use in our target sectors. Shipping is now included in the EU ETS and Fit-for-55 regulations that came into force on 1 January 2024. These are expected to increase the use of marine biofuels for most vessels operating within or near EU waters. Revenues raised via the EU ETS are to be reinvested into an Innovation Fund reserved for sustainable shipping, the protection of maritime habitats and for funding programmes to decarbonise the maritime sector. Conventional biofuels such as FAME and renewable diesel used by the marine industry today are also in demand from road-based and aviation transportation sectors. As a result, non-conventional biofuels are expected to be used by the marine sector. Subsidies are still available for renewable waste-based biofuel feedstocks such as glycerine and biomass derivatives that should enhance the attractiveness of bioMSAR? against competing biofuels in major bunker locations. Market conditions and trends therefore provide a favourable environment for Quadrise to progress its contract discussions and business development activities on all fronts.
In March 2023, the Company changed its name to Quadrise Plc and its TIDM to 'QED'. The renaming of the Company was part of the Board's initiative to emphasise our position in the energy decarbonisation space amongst customers and investors and to acknowledge the material contribution that the Company's technology solutions can make to reducing carbon intensity in marine, power and industrial applications. The move sets the tone for the future direction of the Company as it continues to implement its strategy towards net-zero carbon energy solutions and carbon mitigations.
The Company launched its second Sustainability Report in November 2023. This report is designed to place the Company in the broader environmental context and serve as an accessible reference point for decision-makers in the marine, energy and industrial sectors looking to decarbonise their businesses rapidly, practically and economically, as well as providing important information on the Company's positioning for investors. The report includes an overview of the environmental and economic benefits of the Company's technology as well as its scope 1 and 2 carbon emissions, alignment to the UN Sustainability Goals and ambitions to create a net-zero fuel by 2030.
The positioning of Quadrise to decarbonise shipping and other sectors is an important statement of intent to progress licence agreements and commercial-scale trials which are expected to lead to supply contracts and commercial revenues from MSAR® and bioMSAR?. Looking ahead, our continued development of bioMSAR? and net-zero solutions opens up exciting opportunities to deploy our unique proven emulsion technology platform in new applications, helping to secure a cleaner future for our clients.
Quadrise has a small, highly motivated and capable team and our continued progress is only possible through the significant contribution of everyone working within the business and our shareholders for their loyal support.
Uso de ingresos
During the 2023-4 financial year, the Company has continued to build momentum in implementing its strategy of reaching cash breakeven by focusing on a limited number of active projects and developing net zero carbon Heavy Fuel Oil liquid drop-in alternatives for its customers, principally in the intercontinental shipping and power generation sectors. Once cash breakeven is achieved, further scaling of the business to achieve its vast potential is expected to be conducted with industry partners. The Company's active projects are intended to act as "use cases" to demonstrate traction and to help drive partnership programmes.
The net proceeds of the Placing and Subscription are expected to provide Quadrise with the necessary working capital resources to 31 March 2025, by which time projects in Morocco and Utah are expected to be generating commercial revenues, and the trial with MSC will be near completion, should active project milestones be delivered on currently anticipated timelines.
Should the Open Offer be fully subscribed, the net proceeds of the Open Offer will provide the Company with a clear pathway to profitability and the resources to progress opportunities in Central America and Southeast Asia, thereby creating a presence in the marine bunkering hubs of Panama and Singapore and enable progress with bioMSAR development.
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NOTICIAS IMPORTANTES
Este Anuncio y la información contenida en él no están destinados a su divulgación, publicación o distribución, directa o indirectamente, en su totalidad o en parte, en o hacia o desde los Estados Unidos, Australia, Canadá, Japón, Nueva Zelanda o la República de Sudáfrica. , o cualquier otra jurisdicción donde hacerlo pueda constituir una violación de las leyes o regulaciones pertinentes de dicha jurisdicción (las "Jurisdicciones Restringidas").
Las Nuevas Acciones Ordinarias a las que se hace referencia en este documento no han sido ni serán registradas según la Ley de Valores de EE. UU. de 1933, según enmendada (la "Ley de Valores"), ni según ninguna ley de valores de ningún estado u otra jurisdicción de los Estados Unidos y pueden no se ofrecerá, venderá, revenderá, transferirá ni entregará, directa o indirectamente, en o dentro de los Estados Unidos, excepto en transacciones exentas o no sujetas a los requisitos de registro de la Ley de Valores y de conformidad con las leyes de valores de cualquier estado. u otra jurisdicción de los Estados Unidos. Las Nuevas Acciones Ordinarias se ofrecen y venden únicamente fuera de los Estados Unidos en "transacciones extraterritoriales" según se define en y de conformidad con la Regulación S de la Ley de Valores. No se está realizando ninguna oferta pública de Nuevas Acciones Ordinarias en los Estados Unidos.
Este Anuncio no constituye ni forma parte de una oferta para vender o emitir o una solicitud de una oferta para comprar, suscribir o adquirir valores en ninguna jurisdicción, incluidas, entre otras, las Jurisdicciones restringidas o cualquier otra jurisdicción en la que dicha oferta o la solicitación sería ilegal. Este Anuncio y la información contenida en él no es para publicación o distribución, directa o indirectamente, a personas en una Jurisdicción Restringida, a menos que esté permitido de conformidad con una exención bajo la ley o regulación local relevante en dicha jurisdicción.
No action has been taken by the Company, Bookrunners or Cavendish or any of their respective directors, officers, partners, agents, employees or affiliates that would permit an offer of the New Ordinary Shares or possession or distribution of this Announcement or any other publicity material relating to such New Ordinary Shares in any jurisdiction where action for that purpose is required. Persons receiving this Announcement are required to inform themselves about and to observe any restrictions contained in this Announcement.
Este Anuncio está dirigido únicamente a: (a) personas en los estados miembros del Espacio Económico Europeo que sean "inversores cualificados", según se define en el artículo 2 (e) del Reglamento (UE) 2017/1129 (junto con sus autoridades delegadas y de ejecución). (el "Reglamento de Folletos de la UE"), (b) en el Reino Unido, las personas que (i) tengan experiencia profesional en asuntos relacionados con inversiones que entren dentro de la definición de "profesionales de la inversión" en el Artículo 19(5) de la Orden de 2000 de la Ley de Mercados y Servicios Financieros de 2005 (Promoción Financiera), según enmendada (la "Orden"), o son empresas de alto patrimonio neto, asociaciones o sociedades no constituidas en personalidad jurídica o fideicomisarios de fideicomisos de alto valor como se describe en el artículo 49 (2) de la Orden. y (ii) son "inversores cualificados", según se define en el artículo 2 (e) del Reglamento (UE) 2017/1129, ya que forma parte del derecho interno en virtud de la Ley de (Retirada) de la Unión Europea de 2018 (según enmendada) ( el "Reglamento de Folletos del Reino Unido"), y (c) personas a quienes se les puede comunicar legalmente (cada una de esas personas es una "Persona Relevante"). Ninguna otra persona debe actuar o confiar en este Anuncio y las personas que lo distribuyan deben asegurarse de que es legal hacerlo. Al aceptar los términos de este anuncio, los inversores declaran y aceptan que son una Persona Relevante.
Este Anuncio no debe ser tomado en cuenta ni depender de personas que no sean Personas Relevantes. Cualquier inversión o actividad de inversión a la que se refiera este Anuncio o la Colocación está disponible solo para Personas Relevantes y se realizará solo con Personas Relevantes. Con respecto a todas las personas que no sean Personas Relevantes, los detalles de la Ubicación establecidos en este Anuncio son solo para fines informativos.
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.
This Announcement is not being distributed by, nor has it been approved for the purposes of section 21 of the Financial Services and Markets Act 2000 (as amended) ("FSMA") by Cavendish, the Bookrunners or any other person authorised under FSMA. This Announcement is being distributed and communicated to persons in the United Kingdom only in circumstances in which section 21(1) of FSMA does not apply.
No se pondrá a disposición ningún folleto ni documento de oferta en relación con los asuntos contenidos en este Anuncio y no es necesario publicar dicho folleto (de conformidad con la Regulación de Folletos del Reino Unido).
Ciertas declaraciones en este Anuncio son declaraciones prospectivas que se basan en las expectativas, intenciones y proyecciones de la Compañía con respecto a su desempeño futuro, eventos o tendencias anticipados y otros asuntos que no son hechos históricos. Estas declaraciones prospectivas, que pueden utilizar palabras como "objetivo", "anticipar", "creer", "podría", "pretender", "estimar", "esperar" y palabras de significado similar, incluyen todos los asuntos que son no hechos históricos. Estas declaraciones prospectivas implican riesgos, suposiciones e incertidumbres que podrían causar que los resultados reales de las operaciones, la situación financiera, la política de liquidez y dividendos y el desarrollo de las industrias en las que operan los negocios del Grupo difieran materialmente de la impresión creada por las declaraciones prospectivas. declaraciones de mirada. Estas declaraciones no son garantía de desempeño futuro y están sujetas a riesgos, incertidumbres y otros factores conocidos y desconocidos que podrían causar que los resultados reales difieran materialmente de aquellos expresados o implícitos en dichas declaraciones prospectivas. Dados esos riesgos e incertidumbres, se advierte a los posibles inversores que no confíen indebidamente en las declaraciones prospectivas. Las declaraciones prospectivas se refieren únicamente a la fecha de dichas declaraciones y, salvo que lo requiera la Autoridad de Conducta Financiera del Reino Unido ("FCA"), la Bolsa de Valores de Londres o la ley aplicable, la Compañía no asume ninguna obligación de actualizar o revisar públicamente cualquier declaración prospectiva, ya sea como resultado de nueva información, eventos futuros o de otro tipo.
Cualquier indicación en este Anuncio del precio al que se compraron o vendieron las acciones de la Compañía en el pasado no puede considerarse una guía para el desempeño futuro. Las personas que necesiten asesoramiento deben consultar a un asesor financiero independiente. Ninguna declaración en este Anuncio tiene la intención de ser un pronóstico de ganancias y ninguna declaración en este Anuncio debe interpretarse en el sentido de que las ganancias por acción de la Compañía para los años financieros actuales o futuros necesariamente igualarán o excederán las ganancias históricas publicadas por acción del Grupo.
Cavendish, which is authorised and regulated in the United Kingdom by the FCA, is acting as nominated adviser exclusively for the Company and no one else in connection with the Fundraise and will not regard any other person (whether or not a recipient of this Announcement) as a client in relation to the Open Offer and will not be responsible to anyone other than the Company for providing the protections afforded to its clients, nor for providing advice, in relation to the Fundraise or any other matter referred to in this Announcement. Cavendish's responsibilities as the Company's nominated adviser under the AIM Rules for Companies and the AIM Rules for Nominated Advisers are owed to the London Stock Exchange and the Company and not to any other person.
Shore Capital y VSA Capital, que están autorizados y regulados en el Reino Unido por la FCA, actúan exclusivamente para la Compañía como corredores de apuestas conjuntos y brokers and no one else in connection with the Fundraise and will not regard any other person (whether or not a recipient of this Announcement) as their client in relation to the Fundraise and will not be responsible to anyone other than the Company for providing the protections afforded to its clients, nor for providing advice, in relation to the Fundraise or any other matter referred to in this Announcement. The responsibilities of Shore Capital and VSA Capital as the Company's joint brokerLos pagos se deben a la Bolsa de Valores de Londres y no a ninguna otra persona.
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 or on behalf of the Company, Cavendish, Shore Capital or VSA Capital or by their affiliates or their respective agents, directors, officers and employees 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.
Las Acciones de Colocación que se emitirán de conformidad con la Colocación no se admitirán a cotización en ninguna bolsa de valores que no sea la cotización en AIM.
El Apéndice 1 de este Anuncio establece los términos y condiciones de la Colocación. Al participar en la Colocación, se considerará que cada persona que sea invitada y elija participar en la Colocación haciendo o aceptando una oferta oral y legalmente vinculante para adquirir Acciones de la Colocación ha leído y comprendido este Anuncio en su totalidad y está hacer dicha oferta en los términos y sujeto a las condiciones establecidas en este Anuncio y proporcionar las representaciones, garantías, compromisos y reconocimientos contenidos en el Apéndice 1.
Los miembros del público no son elegibles para participar en la Colocación y no se está realizando ni se realizará ninguna oferta pública de Colocación de Acciones.
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.
APÉNDICE 1
TÉRMINOS Y CONDICIONES DE COLOCACIÓN
INFORMACIÓN IMPORTANTE SOBRE LA UBICACIÓN PARA LUGARES INVITADOS ÚNICAMENTE
LOS MIEMBROS DEL PÚBLICO NO SON ELEGIBLES PARA TOMAR PARTE EN LA COLOCACIÓN. ESTE ANUNCIO, INCLUYENDO ESTE APÉNDICE 1 Y LOS TÉRMINOS Y CONDICIONES SET FUERA DE AQUÍ (JUNTOS, ESTO "ANUNCIO") (QUE ES PARA FINES INFORMATIVOS SOLAMENTE) ESTÁN DIRIGIDAS ÚNICAMENTE A PERSONAS CUYAS ACTIVIDADES ORDINARIAS IMPLICAN LA ADQUISICIÓN, TENENCIA, ADMINISTRACIÓN Y ENAJENACIÓN DE INVERSIONES (COMO PRINCIPAL O AGENTE) PARA LOS FINES DE SU NEGOCIO Y QUE TIENEN EXPERIENCIA PROFESIONAL EN MATERIAS RELATIVOS A INVERSIONES Y SON: (A) SI ESTÁN EN EL REINO UNIDO, INVERSORES CALIFICADOS QUE SE ENCUENTRAN EN EL ARTÍCULO 19(5) DE LA LEY DE MERCADOS Y SERVICIOS FINANCIEROS DE 2000 (PROMOCIÓN FINANCIERA) ORDEN DE 2005, ENMENDADA (LA "ORDEN") ("PROFESIONALES DE INVERSIONES") O EN EL ARTÍCULO 49 (2)(a) A (d) (EMPRESAS DE ALTO PATRIMONIO NETO, ASOCIACIONES NO INCORPORADAS, ETC.) DE LA ORDEN; O (B) PERSONAS A QUIENES PUEDEN SER COMUNICADOS LEGALMENTE DE OTRA MANERA (TODAS DICHAS PERSONAS, INCLUYENDO LOS PROFESIONALES DE INVERSIONES, EN CONJUNTO SE REFEREN A COMO "PERSONAS PERTINENTES").
ESTE ANUNCIO Y LA INFORMACIÓN QUE CONTIENE NO DEBEN SER ACTUADOS EN CONSECUENCIA OR CONFIADO POR PERSONAS QUE NO SON PERSONAS RELEVANTES. LAS PERSONAS QUE DISTRIBUYEN ESTE ANUNCIO DEBEN SATISFACER QUE ES LÍCITO HACERLO. CUALQUIER INVERSIÓN O ACTIVIDAD DE INVERSIÓN A LA QUE SE RELACIONA ESTE ANUNCIO ES DISPONIBLE SOLAMENTE A PERSONAS RELEVANTES Y SE DEDICARÁN A LA ÚNICA CON PERSONAS RELEVANTES. ESTE ANUNCIO NO CONSTITUYE EN SÍ UNA OFERTA DE VENTA O SUSCRIPCIÓN O UNA SOLICITACIÓN OF AN OFFER TO BUY OR ACQUIRE ANY SECURITIES IN THE COMPANY.
LA COLOCACIÓN DE ACCIONES TENER NO HA SIDO NI SERÁ REGISTRADO BAJO LA LEY DE VALORES DE EE. UU. DE 1933, ENMENDADA (LA "LEY DE VALORES DE EE. UU.") O CON CUALQUIER VALOR REGULADORES AUTORIDAD DE CUALQUIER STATE O JURISDICCIÓN DE LOS ESTADOS UNIDOS ESTADOS O BAJO CUALQUIER LEY DE VALORES DE CUALQUIER STATE U OTRA JURISDICCIÓN DE LOS ESTADOS UNIDOS ESTADOS Y MAYO NO SER OFRECIDO, VENDIDO, REVENDIDO, PROPONIDO, TRANSFERIDO O ENTREGADO, DIRECTA O INDIRECTAMENTE, DENTRO O DENTRO DE LOS ESTADOS UNIDOS ESTADOS EXCEPTO DE CONFORMIDAD CON UNA EXENCIÓN APLICABLE DE, O EN UNA TRANSACCIÓN NO SUJETA A, LOS REQUISITOS DE REGISTRO DE LOS VALORES DE EE.UU. ACTUAR, EN CADA CASO, Y EN CUMPLIMIENTO DE LAS LEYES SOBRE VALORES DE CUALQUIER STATE U OTRA JURISDICCIÓN DE LOS ESTADOS UNIDOS ESTADOS. LAS ACCIONES DE COLOCACIÓN SE OFRECEN Y VENDEN SÓLO FUERA DE LOS ESTADOS UNIDOS EN "TRANSACCIONES OFFSHORE" DENTRO DEL SIGNIFICADO Y DE CONFORMIDAD CON LA REGULACIÓN S DE LA LEY DE VALORES Y DE OTRA MANERA DE CONFORMIDAD CON LAS LEYES APLICABLES. NO SE REALIZA NINGUNA OFERTA PÚBLICA DE ACCIONES DE COLOCACIÓN EN ESTADOS UNIDOS ESTADOS, EL REINO UNIDO O EN OTRO LUGAR DONDE TAL OFERTA SERÍA ILEGAL.
ESTE ANUNCIO Y LA INFORMACIÓN CONTENIDA EN ESTE DOCUMENTO ESTÁN RESTRINGIDOS Y NO ESTÁN PARA SU PUBLICACIÓN, PUBLICACIÓN O DISTRIBUCIÓN, EN SU TOTALIDAD O EN PARTE. PARTE, DIRECTAMENTE O INDIRECTAMENTE, EN O HACIA O DESDE LOS ESTADOS UNIDOS ESTADOS, AUSTRALIA, CANADÁ, JAPÓN, NUEVA ZELANDA, REPÚBLICA DEL SUR ÁFRICA O CUALQUIER OTRA JURISDICCIÓN EN LA QUE DICHA PUBLICACIÓN O DISTRIBUCIÓN SERÍA ILEGAL (EL "JURISDICCIONES RESTRINGIDAS").
CADA LUGAR DEBE CONSULTAR CON SUS PROPIOS ASESORES ASPECTO LEGAL, IMPUESTO O CONSECUENCIAS COMERCIALES Y ASPECTOS RELACIONADOS DE UNA COMPRA DE ACCIONES DE COLOCACIÓN.
Las Acciones de Colocación no han sido aprobadas ni desaprobadas por la Comisión de Bolsa y Valores de EE. UU., ninguna comisión de valores estatal u otra autoridad reguladora en los Estados Unidos ni ninguna de las autoridades anteriores ha aprobado o respaldado los méritos de la Colocación o la exactitud o idoneidad. de este Anuncio. Cualquier manifestación en contrario es un delito penal en los Estados Unidos. Las autorizaciones pertinentes no se han obtenido ni se obtendrán de la comisión de valores de ninguna provincia o territorio de Canadá, no se ha presentado ni registrado ningún prospecto. por, la Comisión Australiana de Valores e Inversiones o el Ministerio de Finanzas japonés; las autorizaciones pertinentes no se han obtenido ni se obtendrán para el Banco de la Reserva de Sudáfrica o cualquier otro organismo aplicable en la República de Sudáfrica en relación con las Acciones de Colocación y las Acciones de Colocación no han sido ni serán registradas bajo u ofrecido de conformidad con las leyes de valores de cualquier estado, provincia o territorio de Australia, Canadá, Japón o la República de Sudáfrica. En consecuencia, las Acciones de Colocación no podrán (a menos que sea aplicable una exención conforme a las leyes de valores pertinentes) ser ofrecidas, vendidas, revendidas o entregadas, directa o indirectamente, en Australia, Canadá, Japón o la República de Sur África.
Personas (incluidos, entre otros, representantes y fideicomisarios) que tienen un derecho contractual or otras obligaciones legales de enviar una copia de este Anuncio deben buscar el asesoramiento adecuado antes de tomar cualquier medida.
Este Anuncio (incluido este Apéndice 1) debe leerse en su totalidad. En particular, cualquier Beneficiario debe leer y comprender la información proporcionada en la sección "Avisos importantes" de este Anuncio.
Al participar en Bookbuild (como se define a continuación) y en la Colocación, se considerará que cada Colocado (i) ha leído y comprendido este Anuncio en su totalidad, (ii) está participando, haciendo una oferta para adquirir y adquiriendo Acciones de Colocación en los términos y condiciones contenidos en este documento y (iii) proporcionar las representaciones, garantías, indemnizaciones, reconocimientos y compromisos contenidos en este Anuncio (incluido, para evitar dudas, este Apéndice 1).
En particular, cada Placee representa, garantiza, se compromete, acepta y reconoce (entre otras cosas) que:
1. it is a Relevant Person and undertakes that it will acquire, hold, manage or dispose of any Placing Shares that are allocated to it for the purposes of its business;
2. it is acquiring the Placing Shares for its own account or is acquiring the Placing Shares for an account with respect to which it exercises sole investment discretion and has the authority to make and does make the representations, warranties, indemnities, acknowledgements, undertakings and agreements contained in this Announcement (including for the avoidance of doubt this Appendix 1;
3. it understands (or if acting for the account of another person, such person has confirmed that such person understands) the resale and transfer restrictions set out in this Appendix 1; and
4. except as otherwise permitted by the Company and subject to any available exemptions from applicable securities laws, it (and any account referred to in paragraph 2 above) is outside the United States acquiring the Placing Shares in offshore transactions as defined in, and in accordance with, Regulation S under the US Securities Act.
Sin prospecto
Las Acciones de Colocación se ofrecen únicamente a un número limitado de personas específicamente invitadas y no se ofrecerán de tal manera que requiera ningún prospecto u otro documento de oferta para be publicado. No se ha presentado ni se presentará ningún prospecto u otro documento de oferta para su aprobación por parte de la FCA en relación con la Colocación o las Acciones de Colocación y los compromisos de los Colocadores se realizarán únicamente sobre la base de su propia evaluación de la Compañía, las Acciones de Colocación y la Colocación, con base en la información contenida en este Anuncio, el anuncio del precio de la Colocación (el "Resultado del anuncio de colocación") (juntos, el "Colocación de documentos") y cualquier información anunciada públicamente a través de un servicio de información regulatoria ("RIS") por o en nombre de la Compañía en o antes de la fecha de este Anuncio (el "Información disponible públicamente") y sujeto a los términos adicionales establecidos en el Formulario de Confirmación enviado a los Placees por Shore Capital o VSA Capital para confirmar su adquisición de Acciones de Colocación.
Cada Colocado, al participar en la Colocación, acepta que el contenido de los Documentos de Colocación es responsabilidad exclusiva de la Compañía y confirma que no ha recibido ni se ha basado en ninguna información (que no sea la Información Disponible Públicamente), representación, garantía o declaración. realizado por o en nombre de Shore Capital, VSA Capital o la Compañía o cualquier otra persona y ninguno de Shore Capital, VSA Capital, la Compañía ni ninguna otra persona que actúe en nombre de dicha persona ni ninguno de sus respectivos afiliados tiene o tendrá ninguna responsabilidad o responsabilidad por la decisión de cualquier Placee de participar en la Colocación basada en cualquier otra información, representación, garantía o declaración (independientemente de si dicha información, representación, garantía o declaración fue dada o hecha por o en nombre de dichas personas). Cada Placee reconoce y acepta que se ha basado en su propia investigación de la posición comercial, financiera o de otro tipo de la Compañía. in aceptar una participación en la Colocación. Ningún Lugar debe considerar la información contenida en este Anuncio como asesoramiento legal, fiscal o comercial. Cada Colocado debe consultar a su propio abogado, asesor fiscal y asesor comercial para obtener asesoramiento legal, fiscal y comercial con respecto a una inversión en las Acciones Colocadoras. Nada en este párrafo excluirá la responsabilidad de cualquier persona por tergiversación fraudulenta.
Detalles del Acuerdo de colocación y las Acciones de colocación
Shore Capital and VSA Capital are acting as bookrunners and placing agent in connection with the Placing and have entered into the Placing Agreement with the Company and Cavendish under which, on the terms and subject to the conditions set out in the Placing Agreement, Shore Capital and VSA Capital, as agent for and on behalf of the Company, have agreed to use their reasonable endeavours to procure placees for the Placing Shares. The Placing is no estar suscrita por Shore Capital, VSA Capital o cualquier otra persona.
El precio por Acción Ordinaria al que se colocarán las Acciones de Colocación es de 1.25 peniques por Acción de Colocación (el "Precio de emisión") and the final number of Placing Shares will be decided at the close of the Bookbuild following the execution of the placing terms by the Company, Shore Capital and VSA Capital (the "Acuerdo de resultados de colocación"). The timing of las El cierre del libro y las asignaciones quedan a discreción de la Compañía, Shore Capital y VSA Capital. Los detalles del número de Acciones de Colocación se anunciarán tan pronto como sea posible después del cierre de la Bookbuild.
Las Acciones de Colocación estarán debidamente autorizadas y, cuando se emitan, serán acreditadas as totalmente pagado y se emitirá sujeto a los estatutos de la Compañía vigentes en el momento y rango igual pasado en todos los aspectos con las Acciones Ordinarias Ajustadas Existentes, incluido el derecho a recibir todos los dividendos y otras distribuciones declaradas, realizadas o pagadas sobre o con respecto a las Acciones Ordinarias después de la fecha de emisión de las Acciones de Colocación, y en el momento de la emisión estarán libres de todos los derechos de preferencia, reclamaciones, gravámenes, cargas, gravámenes y acciones.
Solicitud de admisión a cotización en AIM
La solicitud se hará a London Stock Exchange plc (el "La Bolsa de Londres") para la admisión a negociación de las Acciones de Colocación en AIM.
It is expected that Admission of the Placing Shares will occur at or before 8.00 a.m. BST on 26 March 2024 (or such later time or date as Shore Capital, VSA Capital and Cavendish may agree with the Company, being no later than 8.00 a.m. BST on 31 May 2024) and that dealings in the Placing Shares will commence at that time.
Construcción de libros
Shore Capital y VSA Capital comenzarán hoy el proceso de creación de libros acelerado para determinar la demanda. para participation in the Placing by Placees at the Issue Price (the "Construcción de librosEste Anuncio proporciona detalles de los términos y condiciones de, y la mecánica de participación en, la Colocación. No se pagarán comisiones a los Colocadores ni a los Colocadores con respecto a las Acciones de Colocación.
Shore Capital, VSA Capital y la Compañía tendrán derecho a efectuar la Colocación mediante el método alternativo al Bookbuild que, a su entera discreción, determinen.
Participación y términos principales de la Colocación
1. Shore Capital and VSA Capital are arranging the Placing as bookrunners and placing agents of the Company.
2. Participation in the Placing will only be available to persons who may lawfully be, and are, invited to participate by Shore Capital and/or VSA Capital. Shore Capital and VSA Capital may themselves agree to be a Placee in respect of all or some of the Placing Shares or may nominate any member of their group to do so.
3. The number of Placing Shares to be issued at the Issue Price will be agreed by Shore Capital and VSA Capital (in consultation with the Company) following completion of the Bookbuild. Subject to the execution of the Placing Results Agreement, the Issue Price and the number of Placing Shares to be issued will be announced on an RIS following the completion of the Bookbuild via the Result of Placing Announcement.
4. To bid in the Bookbuild, prospective Placees should communicate their bid orally by telephone or in writing to their usual sales contact at Shore Capital or VSA Capital. Each bid should state the number of Placing Shares which the prospective Placee wishes to subscribe for at the Issue Price. Bids may be scaled down by Shore Capital and VSA Capital on the basis referred to in paragraph 6 below. Shore Capital and VSA Capital reserve the right not to accept bids or to accept bids in part rather than in whole. The acceptance of bids shall be at the absolute discretion of Shore Capital and VSA Capital, subject to agreement with the Company.
5. The Bookbuild is expected to close no later than 6.30 p.m. (BST) today (18 March 2024) but may be closed earlier or later at the discretion of Shore Capital and VSA Capital subject to agreement with the Company. Shore Capital and VSA Capital may, subject to agreement with the Company, accept bids that are received after the Bookbuild has closed. The Company reserves the right (subject to the agreement of Shore Capital and VSA Capital) to reduce the number of shares to be issued pursuant to the Placing, in its absolute discretion.
6. Allocations of the Placing Shares will be determined by Shore Capital and VSA Capital after consultation with the Company (the proposed allocations having been supplied by Shore Capital and VSA Capital to the Company in advance of such consultation). Allocations will be confirmed orally by Shore Capital or VSA Capital and a Form of Confirmation will be despatched as soon as possible thereafter. Shore Capital or VSA Capital oral confirmation, as applicable, to such Placee constitutes an irrevocable legally binding commitment upon such person (who will at that point become a Placee), in favour of Shore Capital, VSA Capital and the Company, to acquire the number of Placing Shares allocated to it and to pay the Issue Price in respect of such Placing Shares on the terms and conditions set out in this Appendix 1 and in accordance with the Company's articles of association. A bid in the Bookbuild will be made on the terms and subject to the conditions in this Announcement (including this Appendix 1) and will be legally binding on the Placee on behalf of which it is made and except with Shore Capital and VSA Capital consent, such commitment will not be capable of variation or revocation after the time at which it is submitted.
7. Each Placee's allocation and commitment will be evidenced by a Form of Confirmation issued to such Placee by Shore Capital or VSA Capital. The terms of this Appendix 1 will be deemed incorporated in that Form of Confirmation.
8. Irrespective of the time at which a Placee's allocation pursuant to the Placing is confirmed, settlement for all Placing Shares to be subscribed for pursuant to the Placing will be required to be made at the same time, on the basis explained below under "Registration and Settlement".
9. All obligations under the Bookbuild and the Placing will be subject to fulfilment or (where applicable) waiver of the conditions referred to below under "Conditions of the Placing" and to the Placing not being terminated on the basis referred to below under "Right to terminate under the Placing Agreement".
10. By participating in the Placing, 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.
11. To the fullest extent permissible by law, neither Shore Capital, nor VSA Capital nor the Company, nor any of their respective affiliates, agents, directors, officers or employees shall have any responsibility or liability to Placees (or to any other person whether acting on behalf of a Placee or otherwise). In particular, none of Shore Capital, VSA Capital, the Company, nor any of their respective affiliates, agents, directors, officers or employees shall have any responsibility or liability (including to the extent permissible by law, any fiduciary duties) in respect of Shore Capital or VSA Capital conduct of the Placing.
12. The Placing Shares will be issued subject to the terms and conditions of this Announcement and each Placee's commitment to subscribe for Placing Shares on the terms set out herein will continue notwithstanding any amendment that may in future be made to the terms and conditions of the Placing and Placees will have no right to be consulted or require that their consent be obtained with respect to the Company's, Shore Capital's or VSA Capital's conduct of the Placing.
13. All times and dates in this Announcement may be subject to amendment. Shore Capital or VSA Capital, as applicable, shall notify the Placees and any person acting on behalf of the Placees of any changes.
Condiciones de colocación
La colocación está condicionada a, Entre otros, (i) que se cumplan las condiciones del Contrato de Colocación relativas a la Colocación y (ii) que el Contrato de Colocación no haya sido rescindido de acuerdo con sus términos. Las obligaciones de Shore Capital y VSA Capital en virtud del Acuerdo de Colocación están condicionadas a las condiciones habituales, incluido (entre otros) (el "Condiciones"):
1. the London Stock Exchange agreeing to admit the Placing Shares and Subscription Shares to trading on AIM (subject only to allotment);
2. the Placing Results Agreement having been executed by the Company and the Bookrunners no later than 6.00 p.m. BST on 18 March 2024 (or such later time or date as Shore Capital and VSA Capital may otherwise agree with the Company);
3. the delivery by the Company to Shore Capital and VSA Capital of a warranty confirmation certificate signed by a Director for and on behalf of the Company not later than 5.00 p.m. BST on the Business Day immediately prior to the date on which First Admission is expected to occur (and dated as of such date);
4. the Company having complied in all material respects with its obligations which fall to be performed on or prior to First Admission under the Placing Agreement;
5. the Subscription having become unconditional in accordance with its terms, save for any condition as to First Admission; and
6. First Admission occurring no later than 8.00 a.m. BST on 26 March 2024 (or such later time or date as Shore Capital and VSA Capital may otherwise agree with the Company, being no later than 8.00 a.m. BST on 31 May 2024) (the "Closing Date").
Shore Capital y VSA Capital mayo, a su discreción y en los términos que consideren convenientes, renunciar al cumplimiento por parte de la Compañía de la totalidad o parte de cualquiera de las obligaciones de la Compañía en relación con las Condiciones o extender la hora o fecha prevista para el cumplimiento de dichas Condiciones con respecto a todo o parte del desempeño de las mismas. Cualquier extensión o renuncia de este tipo no afectará los compromisos de los Lugares establecidos en este Anuncio.
If (i) any of the Conditions are not fulfilled or (where permitted) waived by Shore Capital and VSA Capital by the relevant time or date specified (or such later time or date as Shore Capital and VSA Capital may agree with the Company, being no later than 8.00 a.m. BST on 31 May 2024) or (ii) the Placing Agreement is terminated in the circumstances specified below under "Derecho a rescindir en virtud del Acuerdo de colocación", las La colocación no procederá y los derechos y obligaciones de los Colocantes en virtud del presente en relación con las Acciones de Colocación cesarán y terminarán en ese momento y cada Colocante acepta que ningún reclamo podemos ser realizado por él o en su nombre (o cualquier persona en cuyo nombre actúe el Colocado) en respeto del mismo.
Ni Shore Capital, VSA Capital ni la Compañía, ni ninguno de sus respectivos afiliados, agentes, directores, funcionarios o empleados tendrán responsabilidad alguna ante ningún Placee (o ante cualquier otra persona, ya sea que actúe en nombre de un Placee o de otra manera) con respecto a cualquier decisión que puedan tomar en cuanto a renunciar o extender el tiempo y/o fecha para la satisfacción de cualquier Condición de la Colocación, ni para cualquier decisión que puedan tomar en cuanto a la satisfacción de cualquier Condición o con respecto a la Colocación en general, y al participar en la Colocación, cada Colocado acepta que dicha decisión queda a la absoluta discreción de Shore Capital y VSA Capital.
Derecho a rescindir en virtud del Acuerdo de colocación
Each of Shore Capital and VSA Capital is entitled, but after prior consultation with Cavendish, at any time before First Admission or Second Admission (as the case may be), to terminate the Placing Agreement in de acuerdo con sus términos en determinadas circunstancias, incluyendo (entre otras cosas):
1. Shore Capital or VSA Capital becomes aware of any fact, matter or circumstance which constitutes or might reasonably be expected to constitute a breach of the warranties in the Placing Agreement or which indicates that any of such warranties has become or might reasonably be expected to become untrue, inaccurate or misleading by reference to the facts and circumstances then subsisting; or
2. the Company fails to comply in any material respect with any of its obligations under the Placing Agreement, or with the requirements of any laws or regulations in relation to the Placing, the Subscription and/or Open Offer or it comes to the attention of Shore Capital or VSA Capital that the Company has failed, in any material respect, to comply with any of its obligations under the Placing Agreement; or
3. it comes to the attention of Shore Capital or VSA Capital that any statement contained in the Placing Documents is untrue, inaccurate or misleading which Shore Capital or VSA Capital (acting reasonably) considers to be material in the context of the Fundraise or that matters have arisen which would, if the Placing Documents were issued at that time, constitute an omission therefrom which Shore Capital or VSA Capital (acting reasonably) considers to be material in the context of the Placing, the Subscription and/or Open Offer; or
4. there has occurred a force majeure event, or any material adverse change has occurred in the financial position or prospects or business of the Company and its subsidiary undertakings (taken as whole) which, in the opinion of Shore Capital or VSA Capital (acting reasonably), will or is likely to be prejudicial to the Placing, the Subscription and/or the Open Offer.
Si Shore Capital o VSA Capital (el "Retirada del Bookrunner") elige rescindir el Acuerdo de Colocación de acuerdo con sus términos pero el otro Bookrunner (el "Bookrunner Continuante") elige no hacerlo, entonces el Bookrunner Continuante tiene el derecho de elegir continuar actuando como el único agente colocador del Compañía en relación con la Colocación (la "Paso a la derecha") y en esas circunstancias el Acuerdo de Colocación continuará, el Bookrunner Continuo asumirá todos los derechos del Bookrunner que se retira según el Acuerdo de Colocación y todas las obligaciones del Bookrunner que se retira cesarán y determinarán, sujeto a ciertas excepciones.
Suponiendo que no se ejerza el derecho de intervención y se rescinda el Acuerdo de colocación, al momento de la terminación, las partes del Acuerdo de colocación quedarán liberadas y liberadas (excepto por cualquier responsabilidad que surja antes o en relación con dicha terminación) de sus respectivas obligaciones bajo o de conformidad con el Acuerdo de Colocación, sujeto a ciertas excepciones.
Al participar en la Colocación, cada Colocado acepta que (i) el ejercicio por parte de Shore Capital o VSA Capital de cualquier derecho de rescisión o de cualquier otra discreción en virtud del Acuerdo de Colocación quedará dentro de la absoluta discreción de Shore Capital o VSA Capital y que no necesita hacer ninguna referencia ni consultar con Placees y que no tendrá ninguna responsabilidad ante Placees en relación con dicho ejercicio o falta de ejercicio y (ii) sus derechos y obligaciones terminan solo en las circunstancias descritas anteriormente en "Derecho a rescindir en virtud del Acuerdo de colocación"Y"Condiciones de colocación", y su participación no será susceptible de rescisión o terminación por su parte después de la confirmación oral por parte de Shore Capital o VSA Capital de la asignación y los compromisos tras el cierre del Bookbuild.
Restricción a la emisión adicional de acciones
La Compañía se ha comprometido ante Shore Capital y VSA Capital a que, entre la fecha del Acuerdo de Colocación y 90 días después de la fecha de Primera Admisión (el "Período restringido"), no, sin el consentimiento previo por escrito de Shore Capital y VSA Capital directa o indirectamente oferta, emitir, prestar, vender o contratar para vender, emitir opciones con respecto a, o disponer de otra manera, o anunciar una oferta o emisión de acciones ordinarias (o cualquier interés sobre ellas o con respecto a ellas) o cualquier otro valor canjeable o convertible en, o sustancialmente similar a las Acciones Ordinarias o celebrar cualquier transacción con el mismo efecto económico que, o aceptar realizar, cualquiera de las anteriores (ya sea que esté legal o contractualmente obligado a hacerlo) do así) siempre que las restricciones anteriores no restrinjan la capacidad de la Compañía o de cualquier otro miembro del Grupo durante el Período Restringido para otorgar opciones bajo, o la asignación y emisión de acciones conforme a opciones bajo, cualquier empleado o no ejecutivo esquemas de acciones u opciones o planes de incentivos a largo plazo de la Compañía (de acuerdo con su práctica habitual), or la adjudicación y emisión de las Acciones de Oferta Abierta de conformidad con las disposiciones de la Oferta Abierta.
Al participar en la Colocación, los Placees aceptan que el ejercicio por parte de Shore Capital y VSA Capital de cualquier poder para otorgar consentimiento a la realización por parte de la Compañía de una transacción que de otro modo estaría sujeta a las disposiciones restrictivas sobre nuevas emisiones en virtud del Acuerdo de Colocación estarán dentro de las absoluta discreción de Shore Capital y VSA Capital y que no necesita hacer ninguna referencia ni consultar con los Placees y que no tendrá ninguna responsabilidad ante los Placees en relación con dicho ejercicio del poder de otorgar consentimiento.
Registro y liquidación
La liquidación de las transacciones de Colocación de Acciones (ISIN: GB00B11DDB67) después de la Primera Admisión se llevará a cabo dentro del sistema administrado por Euroclear ("CREST"), sujeto a ciertas excepciones. Shore Capital y VSA Capital se reservan el derecho de exigir una liquidación para, y entrega de las Acciones Colocadoras (o cualquier parte de las mismas) a los Colocadores por otros medios que consideren necesarios si la entrega o liquidación no es posible o practicable dentro del sistema CREST. or no sería consistente con los requisitos regulatorios en la jurisdicción del Lugar.
Shore Capital and VSA Capital are acting as settlement banks. Following the close of the Bookbuild, each Placee to be allocated Placing Shares in the Placing will be sent a Form of Confirmation stating the number of Placing Shares allocated to them at the Issue Price, the aggregate amount owed by such Placee to Shore Capital or VSA Capital (as the case may be) and settlement instructions. Each Placee agrees that it will do all things necessary to ensure that delivery and payment is completed in accordance with the standing CREST or certificated settlement instructions in respect of the Placing Shares that it has in place with Shore Capital or VSA Capital.
La Compañía entregará las Acciones de Colocación a cuentas CREST operadas por Shore Capital y VSA Capital como agente de la Compañía y Shore Capital y VSA Capital ingresarán sus respectivas instrucciones de entrega en el sistema CREST. La entrada a CREST por parte de un Placee de una instrucción de igualación o aceptación permitirá la entrega de las Acciones de Colocación relevantes a ese Placee contra pago.
It is expected that settlement in respect of the Placing Shares will take place on 26 March 2024 on a delivery versus payment basis.
Se cobran intereses diariamente sobre los pagos no recibidos de los Placees en la fecha de vencimiento. in de acuerdo con los acuerdos establecidos anteriormente a una tasa de dos puntos porcentuales sobre LIBOR según lo determine Shore Capital o VSA Capital (según sea el caso).
Each Placee is deemed to agree that, if it does not comply with these obligations, Shore Capital or VSA Capital (as the case may be) may sell any or all of the Placing Shares allocated to that Placee on such Placee's behalf and retain from the proceeds, for Shore Capital or VSA Capital account and benefit, an amount equal to the aggregate amount owed by the Placee plus any interest due. The relevant Placee will, however, remain liable for any shortfall below the aggregate amount owed by it and will be required to bear any stamp duty or stamp deber impuesto de reserva u otros impuestos o derechos (junto con cualquier interés o penalización) impuestos en cualquier jurisdicción que puedan surgir de la venta de dichas Acciones Colocadoras en nombre de dicho Colocado.
Si las Acciones de Colocación deben entregarse a un custodio o agente de liquidación, los Colocadores deben asegurarse de que el Formulario de Confirmación se copie y se entregue inmediatamente a la persona correspondiente dentro de esa organización. En la medida en que las Acciones de Colocación se emitan en nombre de un Placee o de su designado o en nombre de cualquier persona para quien un Placee contrate como agente o en nombre de un designado para dicha persona, dichas Acciones Colocadoras deben, sujeto a lo dispuesto a continuación, estar registradas libres de cualquier obligación de pagar el impuesto de timbre del Reino Unido o el impuesto de reserva del impuesto de timbre. Si hay alguna circunstancia en la que sea pagadero algún impuesto de timbre o impuesto de reserva de timbre u otros impuestos o derechos similares (incluidos los intereses y sanciones relacionados con los mismos) con respecto a la asignación, asignación, emisión, venta, transferencia o entrega de las Acciones de Colocación (o, Para evitar dudas, si se paga algún impuesto de timbre o impuesto de reserva de timbre en relación con cualquier transferencia posterior o acuerdo para transferir Acciones de Colocación), ni Shore Capital, VSA Capital ni la Compañía serán responsables del pago del mismo.
Representaciones, garantías, compromisos y reconocimientos
Al participar en la Colocación, cada Colocador (y cualquier persona que actúe en nombre de dicho Colocador) reconoce, confirma, se compromete, representa, garantiza y acuerda (según sea el caso) irrevocablemente con Shore Capital y VSA Capital (en su calidad de bookrunners y colocadores). agentes de la Sociedad respecto de la Colocación) y la Sociedad, en cada caso como término fundamental de su solicitud de Colocación de Acciones, lo siguiente:
1. it has read and understood this Announcement in its entirety and its acquisition of Placing Shares is subject to and based upon all the terms, conditions, representations, warranties, acknowledgements, agreements and undertakings and other information contained herein and it has not relied on, and will not rely on, any information given or any representations, warranties or statements made at any time by any person in connection with the Placing, the Company, the Placing Shares or otherwise other than the information contained in the Placing Documents and the Publicly Available Information;
2. the Ordinary Shares are admitted to trading on AIM and that the Company is therefore required to publish certain business and financial information in accordance with the rules and practices of AIM, which includes a description of the Company's business and the Company's financial information, including balance sheets and income statements, and that it is able to obtain or has access to such information without undue difficulty, and is able to obtain access to such information or comparable information concerning any other publicly traded companies, without undue difficulty;
3. to be bound by the terms of the articles of association of the Company;
4. the person whom it specifies for registration as holder of the Placing Shares will be (a) itself or (b) its nominee, as the case may be. Neither Shore Capital, VSA Capital nor the Company will be responsible for any liability to stamp duty or stamp duty reserve tax or other similar taxes or duties imposed in any jurisdiction (including interest and penalties relating thereto) ("Impuestos indemnizados"). Cada Placee y cualquier persona que actúe en nombre de dicho Placee acuerdan indemnizar a la Compañía, VSA Capital y Shore Capital después de impuestos con respecto a cualquier Impuesto Indemnizado;
5. neither Shore Capital, VSA Capital, nor any of their affiliates agents, directors, officers and employees accepts any responsibility for any acts or omissions of the Company or any of the directors of the Company or any other person in connection with the Placing;
6. time is of the essence as regards its obligations under this Announcement;
7. any document that is to be sent to it in connection with the Placing will be sent at its risk and may be sent to it at any address provided by it to Shore Capital or VSA Capital;
8. it will not redistribute, forward, transfer, duplicate or otherwise transmit this Announcement or any part of it, or any other presentational or other material concerning the Placing (including electronic copies thereof) to any person and represents that it has not redistributed, forwarded, transferred, duplicated, or otherwise transmitted any such documents to any person;
9. no prospectus or other offering document is required under the UK Prospectus Regulation or the EU Prospectus Regulation, nor will one be prepared in connection with the Bookbuild, the Placing or the Placing Shares and it has not received and will not receive a prospectus or other offering document in connection with the Bookbuild, the Placing or the Placing Shares;
10. in connection with the Placing, Shore Capital, VSA Capital and any of their affiliates acting as an investor for its own account may subscribe for Placing Shares in the Company and in that capacity may retain, purchase or sell for its own account such Placing Shares in the Company and any securities of the Company or related investments and may offer or sell such securities or other investments otherwise than in connection with the Placing. Accordingly, references in this Announcement to the Placing Shares being issued, offered or placed should be read as including any issue, offering or placement of such shares in the Company to Shore Capital, VSA Capital or any of their affiliates acting in such capacity;
11. Shore Capital, VSA Capital and their affiliates may enter into financing arrangements and swaps with investors in connection with which Shore Capital, VSA Capital and any of their affiliates may from time to time acquire, hold or dispose of such securities of the Company, including the Placing Shares;
12. Shore Capital and VSA Capital do not intend to disclose the extent of any investment or transactions referred to in paragraphs 10 and 11 above otherwise than in accordance with any legal or regulatory obligation to do so;
13. Shore Capital and VSA Capital do not owe any fiduciary or other duties to any Placee in respect of any representations, warranties, undertakings or indemnities in the Placing Agreement;
14. its participation in the Placing is on the basis that it is not and will not be a client of any of Shore Capital or VSA Capital in connection with its participation in the Placing and that neither Shore Capital nor VSA Capital have any duties or responsibilities to it for providing the protections afforded to its clients or customers or for providing advice in relation to the Placing nor in respect of any representations, warranties, undertakings or indemnities contained in the Placing Agreement nor for the exercise or performance of any of its rights and obligations thereunder including any rights to waive or vary any conditions or exercise any termination right;
15. the content of the Placing Documents and the Publicly Available Information has been prepared by and is exclusively the responsibility of the Company and neither Shore Capital, VSA Capital nor any of their affiliates agents, directors, officers or employees nor any person acting on behalf of any of them is responsible for or has or shall have any responsibility or liability for any information, representation or statement contained in, or omission from, this Announcement, the Publicly Available Information or otherwise nor will they be liable for any Placee's decision to participate in the Placing based on any information, representation, warranty or statement contained in this Announcement, the Publicly Available Information or otherwise, provided that nothing in this paragraph excludes the liability of any person for fraudulent misrepresentation made by such person;
16. the only information on which it is entitled to rely and on which such Placee has relied in committing itself to subscribe for Placing Shares is contained in the Placing Documents or any Publicly Available Information (save that in the case of Publicly Available Information, a Placee's right to rely on that information is limited to the right that such Placee would have as a matter of law in the absence of this paragraph 16), such information being all that such Placee deems necessary or appropriate and sufficient to make an investment decision in respect of the Placing Shares;
17. it has neither received nor relied on any other information given, or representations, warranties or statements, express or implied, made, by Shore Capital, VSA Capital or the Company nor any of their respective affiliates, agents, directors, officers or employees acting on behalf of any of them (including in any management presentation delivered in respect of the Bookbuild) with respect to the Company, the Placing or the Placing Shares or the accuracy, completeness or adequacy of any information contained in the Placing Documents, or the Publicly Available Information or otherwise;
18. neither Shore Capital, VSA Capital nor the Company, nor any of their respective affiliates, agents, directors, officers or employees or any person acting on behalf of any of them has provided, nor will provide, it with any material or information regarding the Placing Shares or the Company or any other person other than the information in the Placing Documents or the Publicly Available Information; nor has it requested any of Shore Capital, VSA Capital, the Company, any of their respective affiliates or any person acting on behalf of any of them to provide it with any such material or information;
19. neither Shore Capital, VSA Capital 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, provided that nothing in this paragraph excludes the liability of any person for fraudulent misrepresentation made by that person;
20. it may not rely, and has not relied, on any investigation that Shore Capital, VSA Capital, any of their affiliates or any person acting on its behalf, may have conducted with respect to the Placing Shares, the terms of the Placing or the Company, and none of such persons has made any representation, express or implied, with respect to the Company, the Placing, the Placing Shares or the accuracy, completeness or adequacy of the information in the Placing Documents, the Publicly Available Information or any other information;
21. in making any decision to subscribe for Placing Shares it:
(a) has such knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of subscribing for the Placing Shares;
(b) will not look to Shore Capital or VSA Capital for all or part of any such loss it may suffer;
(c) is experienced in investing in securities of this nature in this sector and is aware that it may be required to bear, and is able to bear, the economic risk of an investment in the Placing Shares;
(d) is able to sustain a complete loss of an investment in the Placing Shares;
(e) has no need for liquidity with respect to its investment in the Placing Shares;
(f) has made its own assessment and has satisfied itself concerning the relevant tax, legal, currency and other economic considerations relevant to its investment in the Placing Shares; and
(g) has conducted its own due diligence, examination, investigation and assessment of the Company, the Placing Shares and the terms of the Placing and has satisfied itself that the information resulting from such investigation is still current and relied on that investigation for the purposes of its decision to participate in the Placing;
22. it is subscribing for the Placing Shares for its own account or for an account with respect to which it exercises sole investment discretion and has the authority to make and does make the acknowledgements, representations and agreements contained in this Announcement;
23. it is acting as principal only in respect of the Placing or, if it is acting for any other person, it is:
(a) duly authorised to do so and has full power to make the acknowledgments, representations and agreements herein on behalf of each such person; and
(b) will remain liable to the Company and/or Shore Capital or VSA Capital 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);
24. it and any person acting on its behalf is entitled to subscribe for the Placing Shares under the laws and regulations of all relevant jurisdictions that apply to it and that it has fully observed such laws and regulations, has capacity and authority and is entitled to enter into and perform its obligations as a subscriber of Placing Shares and will honour such obligations, and has obtained all such governmental and other guarantees, permits, authorisations, approvals and consents which may be required thereunder and complied with all necessary formalities to enable it to commit to this participation in the Placing and to perform its obligations in relation thereto (including, without limitation, in the case of any person on whose behalf it is acting, all necessary consents and authorities to agree to the terms set out or referred to in this Announcement) and will honour such obligations and that it has not taken any action or omitted to take any action which will or may result in Shore Capital, VSA Capital the Company or any of their respective directors, officers, agents, employees or advisers acting in breach of the legal or regulatory requirements of any jurisdiction in connection with the Placing;
25. where it is subscribing for Placing Shares for one or more managed accounts, it is authorised in writing by each managed account to subscribe for the Placing Shares for each managed account;
26. it irrevocably appoints any duly authorised officers of Shore Capital or VSA Capital as its agent for the purpose of executing and delivering to the Company and/or its registrars any documents on its behalf necessary to enable it to be registered as the holder of any of the Placing Shares for which it agrees to subscribe for upon the terms of this Announcement;
27. the Placing Shares have not been and will not be registered or otherwise qualified and that a prospectus will not be cleared in respect of any of the Placing Shares under the securities laws or legislation of the Restricted Jurisdictions, or any state, province, territory or jurisdiction thereof;
28. the Placing Shares may not be offered, sold, or delivered or transferred, directly or indirectly, in or into the above jurisdictions or any jurisdiction (subject to certain exceptions) in which it would be unlawful to do so and no action has been or will be taken by any of the Company, Shore Capital, VSA Capital or any person acting on behalf of the Company, VSA Capital or Shore Capital that would, or is intended to, permit a public offer of the Placing Shares in the Restricted Jurisdictions or any country or jurisdiction, or any state, province, territory or jurisdiction thereof, where any such action for that purpose is required;
29. no action has been or will be taken by any of the Company, Shore Capital, VSA Capital or any person acting on behalf of the Company or Shore Capital or VSA Capital that would, or is intended to, permit a public offer of the Placing Shares in the United States or in any country or jurisdiction where any such action for that purpose is required;
30. unless otherwise specifically agreed with Shore Capital and VSA Capital, it is not and at the time the Placing Shares are subscribed for, neither it nor the beneficial owner of the Placing Shares will be, a resident of, nor have an address in, Australia, New Zealand, Japan, the Republic of South Africa or any province or territory of Canada;
31. it may be asked to disclose in writing or orally to Shore Capital or VSA Capital, as applicable:
(a) if he or she is an individual, his or her nationality; or
(b) if he or she is a discretionary fund manager, the jurisdiction in which the funds are managed or owned;
32. it is and the prospective beneficial owner of the Placing Shares is, and at the time the Placing Shares are subscribed for will be (i) outside the United States and is acquiring the Placing Shares in an "offshore transaction" as defined in, and in accordance with, Regulation S under the US Securities Act or (ii) a QIB and will duly execute a US investor letter and deliver the same to Shore Capital, VSA Capital or their affiliates;
33. it has not been offered to purchase or subscribe for Placing Shares by means of any "directed selling efforts" as defined in Regulation S under the US Securities Act or by means of any "general solicitation" or "general advertising" within the meaning of Regulation D under the US Securities Act;
34. it understands that the Placing Shares have not been, and will not be, registered under the US Securities Act and may not be offered, sold or resold, pledged or delivered in or into or from the United States except pursuant to (i) an effective registration statement under the US Securities Act; or (ii) pursuant to an exemption from the registration requirements of the US Securities Act and, in each case, in accordance with applicable United States state securities laws and regulations;
35. it (and any account for which it is purchasing) is not acquiring the Placing Shares with a view to any offer, sale or distribution thereof within the meaning of the US Securities Act;
36. it will not distribute, forward, transfer or otherwise transmit this Announcement or any part of it, or any other presentational or other materials concerning the Placing in or into or from the United States (including electronic copies thereof) to any person, and it has not distributed, forwarded, transferred or otherwise transmitted any such materials to any person;
37. it understands that there may be certain consequences under United States and other tax laws resulting from an investment in the Placing and it has made such investigation and has consulted its own independent advisers or otherwise has satisfied itself concerning, without limitation, the effects of United States federal, state and local income tax laws and foreign tax laws generally;
38. it understands that the Company has not undertaken to determine whether it will be treated as a passive foreign investment company ("PFIC") para fines del impuesto sobre la renta federal de EE. UU. para el año en curso, o si es probable que se trate así en años futuros y ni la Compañía, VSA Capital ni Shore Capital hacen ninguna declaración o garantía con respecto a los mismos. En consecuencia, ni el Ni la Compañía ni Shore Capital ni VSA Capital pueden brindar asesoramiento a los inversionistas estadounidenses sobre si la Compañía es o no una PFIC para el año fiscal actual, o si lo será en años fiscales futuros. y VSA Capital se compromete a proporcionar a los inversionistas o accionistas de los Estados Unidos cualquier información necesaria o deseable para facilitar la presentación de declaraciones informativas anuales, y los inversionistas y accionistas de los Estados Unidos no deben asumir que esta información estará disponible para ellos;
39. if in a member state of the EEA, unless otherwise specifically agreed with Shore Capital and VSA Capital in writing, it is a qualified investor as defined in article 2 (e) of the EU Prospectus Regulation ("Inversores calificados");
40. it has not offered or sold and will not offer or sell any Placing Shares to persons in the EEA except to Qualified Investors or otherwise in circumstances which have not resulted in and which will not result in an offer to the public in any member state of the EEA within the meaning of the EU Prospectus Regulation;
41. if a financial intermediary, as that term is used in Article 5(1) of the UK Prospectus Regulation, the Placing Shares subscribed for or acquired 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 the United Kingdom other than Qualified Investors (as defined in Article 2(e) of the UK Prospectus Regulation), or in circumstances in which the prior consent of Shore Capital and VSA Capital has been given to each proposed offer or resale;
42. if in the United Kingdom, that it is a person (i) having professional experience in matters relating to investments who falls within the definition of "investment professionals" in Article 19(5) of the Order or (ii) who falls within Article 49(2) (a) to (d) ("Empresas de alto patrimonio neto, asociaciones no constituidas en sociedad, etc.") del Pedido, o (iii) a quien de otro modo pueda comunicársele legalmente;
43. 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 Financial Services and Markets Act 2000, as amended ("FSMA");
44. 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 FSMA) relating to the Placing Shares in circumstances in which section 21(1) of FSMA does not require approval of the communication by an authorised person and it acknowledges and agrees that the Placing Documents have not and will not have been approved by Shore Capital and VSA Capital in their capacity as an authorised person under section 21 of the FSMA and it may not therefore be subject to the controls which would apply if it was made or approved as a financial promotion by an authorised person;
45. it has complied and will comply with all applicable laws with respect to anything done by it or on its behalf in relation to the Placing Shares (including all applicable provisions in FSMA and MAR) in respect of anything done in, from or otherwise involving, the United Kingdom);
46. if it is a pension fund or investment company, its subscription for Placing Shares is in full compliance with applicable laws and regulations;
47. it has complied with its obligations under the Criminal Justice Act 1993 and Articles 8, 10 and 12 of MAR and in connection with money laundering and terrorist financing under the Proceeds of Crime Act 2002 (as amended), the Terrorism Act 2000 (as amended), the Terrorism Act 2006 and the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended) and any related or similar rules, regulations or guidelines, issued, administered or enforced by any government agency having jurisdiction in respect thereof and the Money Laundering Sourcebook of the FCA (together the "Regulations") and, if making payment on behalf of a third party, that satisfactory evidence has been obtained and recorded by it to verify the identity of the third party as required by the Regulations;
48. in order to ensure compliance with the Regulations, Shore Capital and VSA Capital (for themselves and as agents on behalf of the Company) or the Company's registrars may, in their absolute discretion, require verification of its identity. Pending the provision to Shore Capital, VSA Capital or the Company's registrars, as applicable, of evidence of identity, definitive certificates in respect of the Placing Shares may be retained at Shore Capital and VSA Capital's absolute discretion or, where appropriate, delivery of the Placing Shares to it in uncertificated form may be delayed at Shore Capital, VSA Capital or the Company's registrars', as the case may be, absolute discretion. If within a reasonable time after a request for verification of identify Shore Capital or VSA Capital (for themselves and as agents on behalf of the Company) or the Company's registrars have not received evidence satisfactory to them, either Shore Capital, VSA Capital and/or the Company may, at its absolute discretion, terminate its commitment in respect of the Placing, in which event the monies payable on acceptance of allotment will, if already paid, be returned without interest to the account of the drawee's bank from which they were originally debited;
49. the allocation, allotment, issue and delivery to it, or the person specified by it for registration as holder, of Placing Shares will not give rise to a stamp duty or stamp duty reserve tax liability under (or at a rate determined under) any of sections 67, 70, 93 or 96 of the Finance Act 1986 (depositary receipts and clearance services) and that the Placing Shares are not being acquired in connection with arrangements to issue depositary receipts or to issue or transfer Placing Shares into a clearance service;
50. it (and any person acting on its behalf) has the funds available to pay for the Placing Shares for which it has agreed to subscribe and acknowledges and agrees that it will make payment in respect of the Placing Shares allocated to it in accordance with this Announcement on the due time and date set out herein, failing which the relevant Placing Shares may be placed with other subscribers or sold as Shore Capital or VSA Capital may in its sole discretion determine and without liability to such Placee, who will remain liable for any amount by which the net proceeds of such sale falls short of the product of the relevant Issue Price and the number of Placing Shares allocated to it and will be required to bear any stamp duty, stamp duty reserve tax or other taxes or duties (together with any interest, fines or penalties) imposed in any jurisdiction which may arise upon the sale of such Placee's Placing Shares;
51. any money held in an account with Shore Capital or VSA Capital on behalf of the Placee and/or any person acting 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 relevant rules and regulations of the FCA made under the FSMA. Each 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 Shore Capital or VSA Capital, as appropriate, money in accordance with the client money rules and will be held by it under a banking relationship and not as trustee;
52. its allocation (if any) of Placing Shares will represent a maximum number of Placing Shares which it will be entitled, and required, to subscribe for, and that Shore Capital, VSA Capital or the Company may call upon it to subscribe for a lower number of Placing Shares (if any), but in no event in aggregate more than the aforementioned maximum;
53. Shore Capital, VSA Capital nor any of their affiliates, nor any person acting on behalf of them, is making any recommendations to it, advising it regarding the suitability of any transactions it may enter into in connection with the Placing;
54. if it has received any 'inside information' (for the purposes of MAR and section 56 of the Criminal Justice Act 1993 or other applicable law) in relation to the Company and its securities in advance of the Placing, it confirms that it has received such information within the market soundings regime provided for in article 11 of MAR and associated delegated regulations and it has not:
(a) used that inside information to acquire or dispose of securities of the Company or financial instruments related thereto or cancel or amend an order concerning the Company's securities or any such financial instruments;
(b) used that inside information to encourage, require, recommend or induce another person to deal in the securities of the Company or financial instruments related thereto or to cancel or amend an order concerning the Company's securities or such financial instruments; or
(c) unlawfully disclosed such information to any person, prior to the information being made publicly available;
55. the rights and remedies of the Company, VSA Capital and Shore Capital under the terms and conditions in this Announcement are in addition to any rights and remedies which would otherwise be available to each of them and the exercise or partial exercise of one will not prevent the exercise of others; and
56. these terms and conditions of the Placing and any agreements entered into by it pursuant to the terms and conditions of the Placing, and all non-contractual or other obligations arising out of or in connection with them, shall be governed by and construed in accordance with the laws of England and it submits (on behalf of itself and on behalf of any person 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 (including any dispute regarding the existence, validity or termination of such contract or relating to any non-contractual or other obligation arising out of or in connection with 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 by either the Company or Shore Capital or VSA Capital in any jurisdiction in which the relevant Placee is incorporated or in which any of its securities have a quotation on a recognised stock exchange.
Las declaraciones, garantías, confirmaciones, reconocimientos, acuerdos y compromisos anteriores se otorgan en beneficio de la Compañía, así como de Shore Capital y VSA Capital, y son irrevocables. Shore Capital, VSA Capital, la Compañía y sus respectivos afiliados y otros confiarán en la veracidad y exactitud de las representaciones, garantías, confirmaciones, reconocimientos y acuerdos anteriores. y emprendimientos. Cada posible Colocado, y cualquier persona que actúe en nombre de dicho Colocado, autoriza irrevocablemente a la Compañía, a VSA Capital y a Shore Capital a producir este Anuncio, de conformidad con, en conexión con, o según lo requiera cualquier ley o regulación aplicable, administrativa o procedimiento legal o consulta oficial con respecto a los asuntos aquí establecidos.
Al participar en la Colocación, cada Placee (y cualquier persona que actúe en nombre de dicho Placee) acepta indemnizar después de impuestos y eximir de responsabilidad a la Compañía, Shore Capital, VSA Capital y sus respectivos afiliados, agentes, directores, funcionarios y empleados. todos y cada uno de los costos, reclamos, responsabilidades y gastos (incluidos honorarios y gastos legales) que surjan de o en conexión cualquier incumplimiento de las representaciones, garantías, reconocimientos, acuerdos y compromisos asumidos por el Placee (y cualquier persona que actúe en nombre de dicho Placee) en este Anuncio o incurridos por Shore Capital o VSA Capital, la Compañía o cualquiera de sus respectivos afiliados, agentes, directores, funcionarios o empleados que surjan del desempeño de las obligaciones de los Placees según lo establecido en así Anuncio, y además acepta que las disposiciones de este Anuncio sobrevivirán después de la finalización de la Colocación.
Taxation
El acuerdo para asignar y emitir Acciones de Colocación a los Placees (y/o a las personas para quienes dicho Placee contrata como agente) libres de impuesto de timbre y de impuesto de reserva del impuesto de timbre se relaciona únicamente con su asignación y emisión a los Placees, o a las personas que ellos designen. como sus agentes, directamente de la Sociedad para la Colocación de Acciones de que se trate. Dicho acuerdo también supone que las Acciones de Colocación no se adquieren en relación con acuerdos para emitir recibos de depósito o para emitir o transferir las Acciones de Colocación a un servicio de compensación. Si existen tales acuerdos, o el acuerdo se relaciona con cualquier otra negociación en las Acciones de Colocación, se podrá pagar impuesto de timbre o impuesto de reserva de timbre u otros impuestos o derechos similares, por los cuales ni la Compañía ni Shore Capital ni VSA Capital serán responsable y los Placees indemnizarán a la Compañía, Shore Capital y VSA Capital después de impuestos por cualquier impuesto de timbre o impuesto de reserva de timbre u otros impuestos o derechos similares (junto con intereses, multas y sanciones) en cualquier jurisdicción pagados por el Company o Shore Capital o VSA Capital con respecto a dichos acuerdos o transacciones. Si este es el caso, cada Placee debe buscar su propio asesoramiento y notificar a Shore Capital o VSA Capital en consecuencia. Se recomienda a los Colocadores que consulten con sus propios asesores los aspectos fiscales de la suscripción de Acciones de Colocación.
La Compañía, Shore Capital y VSA Capital no están obligados a soportar ningún impuesto que surja de una venta de Acciones de Colocación posterior a su adquisición por parte de los Placees, incluidos los impuestos que surjan de forma distinta a las leyes de cualquier país del EEE. Por lo tanto, cada posible Placee debe tomar su propio consejo sobre si surge alguna obligación tributaria y notificar a Shore Capital o VSA Capital y a la Compañía en consecuencia. Además, cada posible Placee acepta indemnizar después de impuestos y retener Capital de la costa, capital de VSA y/o la Compañía y sus respectivos afiliados de todos y cada uno de los intereses, multas o sanciones en relación con el sello deber, impuesto de reserva del impuesto de timbre y todos los demás derechos o impuestos similares in cualquier jurisdicción en la medida en que dichos intereses, multas o sanciones surjan del incumplimiento o retraso irrazonable de ese Lugar o su agente.
Además, los Placees deben tener en cuenta que serán responsables de cualquier impuesto de timbre y todos los demás derechos o impuestos de timbre, emisión, valores, transferencia, registro, documentación u otros (incluidos los intereses, multas o sanciones relacionados con los mismos) pagaderos, ya sea dentro o fuera del país. fuera del Reino Unido, por ellos or cualquier otra persona sobre la suscripción, adquisición, transferencia o venta por su parte de cualesquiera Acciones de Colocación o el acuerdo por su parte para suscribir para, adquirir, transferir o vender cualesquiera Acciones de Colocación.
Ninguna declaración en los Documentos de colocación tiene la intención de ser un pronóstico o estimación de ganancias, y ninguna declaración en los Documentos de colocación debe interpretarse en el sentido de que las ganancias por acción de la Compañía para los años financieros actuales o futuros necesariamente coincidirían o superarían el histórico publicado. Utilidad por acción de la Compañía. El rendimiento pasado no es una guía para el rendimiento futuro y las personas que necesiten asesoramiento deben consultar a un asesor financiero independiente.
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 importe total invertido al enajenar las acciones. Pasado El desempeño no es una guía para el desempeño futuro, y las personas que necesiten asesoramiento deben consultar a un asesor financiero independiente.
Las Acciones de Colocación que se emitan de conformidad con la Colocación no serán admitidas a cotización en ninguna bolsa de valores que no sea AIM, un mercado operado por la Bolsa de Valores de Londres.
Ni el contenido del sitio web de la Compañía ni ningún sitio web accesible mediante hipervínculos en el sitio web de la Compañía están incorporados o forman parte de los Documentos de colocación.
DEFINICIONES
Las siguientes definiciones se aplican en el Apéndice 1 y, según lo admitirá el contexto, en el Anuncio:
"Admisión" | significa Primera Admisión y/o Segunda Admisión, según lo requiera el contexto |
"AIM" | AIM, un mercado operado por la Bolsa de Valores de Londres |
"Reglas AIM" | las Reglas AIM para Empresas publicadas por el London Acciones Exchange (actualizado periódicamente) |
"Formulario de aplicación" | el formulario de solicitud relacionado con la Oferta Abierta para su uso by Accionistas calificados que no pertenecen a CREST en relación con la Oferta Abierta y, en determinadas circunstancias limitadas, Accionistas calificados de CREST |
"Bookbuild" | el proceso de construcción de libros que llevarán a cabo Shore Capital y VSA Capital para organizar la participación de los Placees en la Colocación |
"BST" | British Summer Time |
"Cargill"
| Cargill NV, a company organised and existing under the laws of Belgium, having its registered office at Bedrijvenlaan 9, 2800 Mechelen, Belgium
|
"Cavendish" | Cavendish Capital Markets Limitado |
"Circular" | la circular que publicará la Compañía en relación con, entre otros, la oferta abierta |
"Empresa" | quadrise plc |
"CRESTA" | el sistema pertinente (según se define en el Reglamento sobre valores no certificados de 2001) respecto del cual Euroclear UK & Ireland Limited es el operador (según se define en dicho reglamento) |
"Regulaciones CREST" | the Uncertificated Securities Regulations 2001 (S.I. 2001 No 3755) (as amended) |
"EEE" | el Espacio Económico Europeo |
"Euroclear" | Euroclear UK & International Limited, el operador de CREST |
"Accionistas excluidos" | Accionistas con domicilio registrado en, o que estén ubicados o sean residentes en, ciudadanos o corporaciones, sociedades u otras entidades creadas u organizadas bajo las leyes aplicables de cualquier Jurisdicción Restringida y a quienes no se les deben enviar Formularios de Solicitud o cuyas cuentas de acciones en A CREST no se le acreditarán derechos de oferta abierta |
"Acciones ordinarias existentes" | las 1,562,478,823 acciones ordinarias de £0.01 cada una emitidas en el capital de la Compañía en la fecha de este Anuncio, todas las cuales están admitidas a cotización en AIM |
"FCA" | la autoridad de conducta financiera |
"Primera admisión" | admission of the Placing Shares and Subscription Shares to trading on AIM |
"Formulario de Confirmación" | la forma de confirmación o nota de contrato hecha entre Shore Capital o VSA Capital (según corresponda) y los Lugares que incorporan por referencia los términos y condiciones de la Colocación contenidas en este Anuncio |
"FSMA" | la Ley de Mercados y Servicios Financieros de 2000, enmendada |
"Recaudación de fondos" | means the Placing, Subscription and Open Offer |
"Grupo" | la Compañía y sus filiales (y "Grupo Empresa" se interpretará en consecuencia) |
"Precio de emisión" | 1.25 centavo por acción ordinaria |
"Bolsa de Valores de Londres" | Bolsa de valores de Londres plc |
"MAC²" | MAC2 Solutions NV, a company organised and existing under the laws of Belgium, having its registered office at Blauwe Weg 7 - kaai 261 2030, Antwerp, Belgium |
"MAR" | el Reglamento de Abuso de Mercado de la UE (2014/596/UE), ya que forma parte de la legislación nacional del Reino Unido en virtud de la Ley (Retiro) de la Unión Europea de 2018 y modificado por o en virtud de la Ley (Retiro) de la Unión Europea de 2018 u otra ley nacional |
"MMU" | Unidad de fabricación MSAR® |
"MSC" | MSC Shipmanagement Limited, a limited company registered in Cyprus and located at 8 Spyrou Kyprianou Avenue, Limassol, which is a 100% subsidiary of the MSC Group, a global shipping company which provides worldwide seaborne transportation solutions, including in the container sector |
"Nuevas Acciones Ordinarias" | the new Ordinary Shares to be issued in the capital of the Company pursuant to the Fundraise |
"Oferta abierta" | la oferta condicional de la Compañía a los Accionistas Calificados a suscribirse a las Acciones de Oferta Abierta en y sujeto a las términos y condiciones establecidos en la Circular y, en el caso de Accionistas Calificados No CREST solamente, en el formulario de solicitud |
"Derecho de oferta abierta" | derecho a suscribir Acciones de Oferta Abierta, asignadas a un Accionista Calificado de conformidad con la Oferta Abierta |
"Acciones de oferta abierta" | la cantidad de Nuevas Acciones Ordinarias que se ofrecerán a los Accionistas Calificados de conformidad con la Oferta Abierta como se establecerá en la Circular; |
"Acciones ordinarias" | significa acciones ordinarias de £0.01 cada una en el capital de la Sociedad |
"Placees" | personas que acuerdan suscribir Colocación de Acciones al Precio de Emisión |
"Colocación" | the conditional placing of the Placing Shares by Shore Capital on behalf of the Company at the Issue Price, in accordance el acuerdo de colocación |
"Acuerdo de colocación" | the conditional placing and open offer agreement dated 18 March 2024 between the Company, Cavendish, Shore Capital and VSA Capital in relation to the Placing |
"Acuerdo de colocación de resultados" | the terms of the Placing setting out the Issue Price and the number of Placing Shares to be issued in the Placing, to be executed in accordance with the Placing Agreement by the Company, Shore Capital and VSA Capital |
"Colocación de acciones" | 118,922,107 Nuevas Acciones Ordinarias a ser emitidas conforme a la Colocación |
"QIL" | Quadrise International Limited, una subsidiaria de propiedad absoluta de la Compañía |
"Accionistas calificados de CREST" | Accionistas calificados cuyas Acciones Ordinarias en el registro de miembros de la Compañía en la Fecha de Registro estén en forma no certificada |
"Accionistas calificados que no pertenecen a CREST" | Accionistas calificados cuyas acciones ordinarias en el registro de miembros de la Compañía en la Fecha de registro estén en forma certificada |
"Accionistas calificados" | Accionistas cuyos nombres aparecen en el registro de miembros de la Compañía al cierre de operaciones en la Fecha de Registro, distintos de los Accionistas Excluidos |
"Grabar fecha" | tiene el significado que se le atribuye es la Circular |
"RIS" | tendrá el mismo significado que en las Reglas AIM |
"Segunda Admisión" | admisión de las Acciones de Oferta Abierta a cotización en AIM |
"Accionista" | un tenedor de Acciones Ordinarias de vez en cuando |
"Shore Capital" | Acciones de capital en tierrabrokers Limitada, conjunta broker a la Compañía y al agente colocador con respecto a la Colocación |
"Suscriptores" | means each subscriber for the Subscription Shares |
"Cartas de suscripción" | the agreements between the Company and each of the Subscribers dated on or around the date of this Placing Agreement |
"Acciones de suscripción" | 1,077,893 New Ordinary Shares as will be recorded in the Subscription Letters from each of the Subscribers to the Company pursuant to the Subscription at the Issue Price, and "Subscription Share" shall be construed accordingly |
"Valkor" | means Valkor Technologies LLC, a Delaware limited liability company |
"VSA Capital" | VSA Capital Limited, conjunta broker a la Compañía y al agente colocador con respecto a la Colocación |
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.