Strat Aero PLC Result of Open Offer (6157A)
2017年12月29日 - 10:00PM
ＲＮＳを含む英国規制内ニュース （英語）
TIDMAERO
RNS Number : 6157A
Strat Aero PLC
29 December 2017
Strat Aero plc / Index: AIM / TIDM: AERO / Sector: Support
Services
29 December 2017
Strat Aero plc ("Strat Aero", the "Company" or the "Group")
Result of Open Offer
On 13 December 2017 Strat Aero plc, an international aerospace
company focused on the rapidly emerging Unmanned Aerial Vehicle
('UAV') sector, announced an open offer to raise up to GBP510,000
(the "Open Offer") to provide working capital, strengthen the
Company's balance sheet, support the growth of the Company's core
areas of business and facilitate the evaluation of potential
strategic investment in complementary businesses and assets.
Accordingly, the Company is pleased to announce the results of
the Open Offer, which closed for acceptances at 11.00 a.m. on 29
December 2017. Valid acceptances were received in respect of
1,173,624,395 new ordinary shares ("Open Offer Shares")
representing approximately 81% of the maximum number of ordinary
shares available under the Open Offer. This result in gross
proceeds of GBP410,768 to the Company.
Director's Dealing
Paul Ryan, a non-executive Director of the Company, has agreed
to subscribe for an aggregate of 186,010,627 Open Offer Shares
including shares under the Excess Application Facility. Mr. Ryan's
shares are held under his own name as well as by Warande1970 bvba,
a company wholly owned by Mr. Ryan.
Following the issue of the New Open Offer Shares, Paul Ryan will
have a beneficial interest in 339,267,770 ordinary shares of 0.01
pence each representing approximately 6.7% of the enlarged issued
share capital and total voting rights of the Company.
All Qualifying Shareholders who applied for the Open Offer
Entitlement in respect of 820,147,814 Open Offer Shares will
receive their entitlement in full. Qualifying shareholders who
applied under the Excess Application Facility in respect of
353,476,581 Open Offer Shares will receive the full number of Open
Offer Shares for which they applied.
Conversion of Debt
In addition to the Open Offer, certain outstanding fees payable
by the Company to an adviser will be applied for the subscription
for 42,857,143 new ordinary shares at the Placing Price.
Total Voting Rights
Accordingly, a total of 1,216,481,538 Ordinary Shares have been
allotted and it is expected that Admission and commencement of
dealings in such will commence at 8.00 a.m. on 5 January 2018. On
Admission, the issued share capital of the Company will consist of
5,026,384,852 Ordinary Shares. The Company holds no Ordinary Shares
in treasury, therefore the total number of voting rights in the
Company is 5,026,384,852 and this figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.
Iain McLure, CEO of Strat Aero plc, commented, "The Board
considered an Open Offer would provide a means to reward existing
shareholders for their loyalty and enable them to participate on
similar terms to the recent Placing and thereby continue to have a
stake in the exciting future we see for the company. We are pleased
that over 80% of our Open Offer was taken up. These funds, together
with the capital injection from our recently announced placing,
strengthen our balance sheet and will enable Strat Aero to execute
its stated strategy, namely expand our revenue generative
divisions, Survey & Inspection and Training & Education,
and provide us with the ability to actively advance the evaluation
of complementary businesses and assets. This process is already
underway, and we hope to be in a position to provide updates to
shareholders in due course."
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
- ENDS -
For further information please visit www.strat-aero.com or
contact:
Strat Aero plc Tel: +44 (0) 1293 804741
Graham Peck (Chairman)
SP Angel Corporate Finance LLP Tel: +44 (0) 20 3470
0470
Nominated Adviser and Joint
Broker
Stuart Gledhill
Jeff Keating
Caroline Rowe
Peterhouse Corporate Finance Tel: +44 (0) 20 7469
0930
Lucy Williams
St Brides Partners Ltd Tel: +44 (0) 20 7236
1177
Financial PR
Susie Geliher
Frank Buhagiar
Notes
Strat Aero plc is a multi-divisional international aerospace
services company, focused primarily on the provision of complete
client solutions in the Unmanned Aerial System ('UAS' market),
which is predicted to show exponential growth over the coming
decade. Commercial and military applications in UASs are expected
to be a dynamic growth sector in the aerospace industry over the
next 10 years with the UAS market forecast to grow to more than
US$82.1 billion between 2015 and 2025 (AUVSI Economic Report 2013)
and the global airborne Intelligence, Surveillance and
Reconnaissance ('ISR') market estimated to grow to US$19.23 billion
by 2023.
1. Details of the person discharging managerial
responsibilities/person closely associated
--- ----------------------------------------------------------------------------
a) Name: Paul Ryan
--- --------------------------------- -----------------------------------------
2. Reason for the notification
--- ----------------------------------------------------------------------------
a) Position/status: Non-Executive Director
--- --------------------------------- -----------------------------------------
b) Initial notification/Amendment: Initial notification
--- --------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------------------------
a) Name: Strat Aero plc
--- --------------------------------- -----------------------------------------
b) LEI: 213800VR2P5DDQHYZO48
--- --------------------------------- -----------------------------------------
4. Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ----------------------------------------------------------------------------
a) Description of the financial Ordinary Shares
instrument, type of instrument: of 0.01 pence each
Identification code: GB00BQQPLG38
--- --------------------------------- -----------------------------------------
b) Nature of the transaction: Subscription to
Open Offer
--- --------------------------------- -----------------------------------------
c) Price(s) and volume(s): Issue of shares Price(s) Volume(s)
------------ ------------
0.035pence 186,010,627
------------ ------------
--- --------------------------------- -----------------------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above
Price: Issue of shares Price(s) Volume(s)
------------ ------------
0.035pence 186,010,627
------------ ------------
--- --------------------------------- -----------------------------------------
e) Date of the transaction: 29 December 2017
--- --------------------------------- -----------------------------------------
f) Place of the transaction: Outside a trading
venue
--- --------------------------------- -----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
December 29, 2017 08:00 ET (13:00 GMT)
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