REG - SysGroup PLC - Result of Retail Offer

SysGroupAnnouncement

14/06/2024 07:00

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RNS Number : 4045S  SysGroup PLC  14 June 2024

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE
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THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN
OFFER TO SELL OR ISSUE OR A SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE
ACQUIRE ANY SECURITIES IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR
SOLICITATION WOULD BE UNLAWFUL, INCLUDING THE UNITED
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THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE
RELIED UPON IN CONNECTION WITH, ANY SUCH OFFER, SOLICITATION OR COMMITMENT
WHATSOEVER IN ANY OF THOSE JURISDICTIONS.

TERMS NOT OTHERWISE DEFINED HEREIN SHALL HAVE THE MEANINGS GIVEN TO THEM IN
THE COMPANY'S ANNOUNCEMENT RELEASED ON 6 JUNE 2024 AT 5:11 P.M.

14 June 2024

 

SysGroup plc

("SysGroup", the "Group", or the "Company")

Result of Retail Offer

SysGroup (AIM:SYS), the technology partner for delivery and management of
cloud, data and security services to power Artificial Intelligence ("AI") and
Machine Learning ("ML") transformation, is pleased to announce that the Retail
Offer launched on 7 June 2024 has raised in aggregate £0.3 million through
the issuance of 837,157 Retail Offer Shares at a price of 33 pence per share.

Accordingly, the Company has conditionally raised total gross proceeds of
approximately £11.3 million in aggregate by way of the Placing, the
Subscription and the Retail Offer.

A separate announcement will be made following the General Meeting as to the
results of the General Meeting and the total voting rights following
Admission.

Admission

Application will be made to the London Stock Exchange for admission of the
New Ordinary Shares to trading on AIM ("Admission"). It is expected that,
subject to the necessary resolutions being passed at the General Meeting,
Admission will become effective and dealings in the New Ordinary Shares will
commence at 8.00 a.m. on 26 June 2024.

Admission is conditional, inter alia, upon Admission becoming effective, the
Placing Agreement not having been terminated and becoming unconditional, and
upon the approval of Shareholders at the Company's forthcoming General Meeting
to be held at 1:00 p.m. on 24 June 2024.

 

 For further information, please contact:

 SysGroup plc                              Tel: 0333 101 9000
 Heejae Chae, Executive Chairman
 Owen Phillips, Chief Financial Officer

 Zeus (Nominated Adviser and Broker)       Tel: 0161 831 1512
 Jordan Warburton
 Nick Cowles
 Alex Campbell-Harris
 Nick Searle

 

 

 

 IMPORTANT NOTICES

The content of this announcement has been prepared by and is the sole
responsibility of the Company.

This announcement and the information contained herein is not for release,
publication or distribution, directly or indirectly, in whole or in part, in
or into or from the United States (including its territories and possessions,
any state of the United States and the District of Columbia, Australia,
Canada, Japan, the Republic of South Africa, any member state of the EEA or
any other jurisdiction where to do so might constitute a violation of the
relevant laws or regulations of such jurisdiction.

The distribution of this announcement may be restricted by law in certain
jurisdictions and persons into whose possession any document or other
information referred to herein comes should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.

Zeus Capital Limited ("Zeus") is authorised and regulated in the United
Kingdom by the FCA, is acting exclusively for the Company and for no-one else
and will not regard any other person (whether or not a recipient of this
announcement) as its client in relation to the transactions and arrangements
described in this announcement and will not be responsible to anyone other
than the Company for providing the protections afforded to its clients, nor
for providing advice in connection with the contents of this announcement, or
the transactions, referred to in this announcement.

The value of Ordinary Shares and the income from them is not guaranteed and
can fall as well as rise due to stock market and currency movements. When you
sell your investment, you may get back less than you originally invested.
Figures refer to past performance and past performance is not a reliable
indicator of future results. Returns may increase or decrease as a result of
currency fluctuations.

Neither the content of the Company's website (or any other website) nor the
content of any website accessible from hyperlinks on the Company's website (or
any other website) is incorporated into or forms part of this announcement.

The Retail Offer Shares to be issued or sold pursuant to the Retail Offer will
not be admitted to trading on any stock exchange other than AIM.

 

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