DJ Gledhow Investments plc: Placing to Raise GBP850,000 and Change of Company Secretary
Gledhow Investments plc (GDH)
Gledhow Investments plc: Placing to Raise GBP850,000 and Change of Company Secretary
04-Jun-2021 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014
(MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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GLEDHOW INVESTMENTS PLC
("Gledhow" or the "Company")
Placing to Raise GBP850,000
Change of Company Secretary
4 June 2021
Highlights
- The recent publication of Gledhow's Interim Results to 31 March 2021 has further highlighted the continuing,
exceptionally strong, recent financial performance of the Company;
- The Company's GBP1.3 million pre-tax profits for this 6-month period, is approximately 20% more than the Company's
current market capitalisation;
- With this background of outstanding financial performance and resilience, Gledhow is understandably experiencing an
increase in the quantity, quality and size of investment opportunities; and
- To provide additional investment firepower and reflective of growing investor interest in the Company, Gledhow has
raised GBP850,000 through a placing of new shares at a price of GBP0.0175 per share (the "Placing").
Details
The Company is pleased to announce that it has raised gross proceeds of GBP850,000 through the placing of 48,571,428
Ordinary Shares of GBP0.01 each, at a price of GBP0.0175 per share (the "Placing Price"). The Placing Price represents a
discount of approximately 12.5% to the closing bid price of the Company's shares on 3 June 2021. The placees will also
receive one Subscriber Warrant for every two Ordinary Shares subscribed for, with an exercise price of GBP0.03 per share.
The issuance of the Subscriber Warrants is subject to a General Meeting to increase the Company's headroom, to enable
Placees to exercise the warrants. Warrants can be exercised at any time following this General Meeting, for a period of
18 months.
Peterhouse Capital Limited acted as Corporate Broker for the Placing.
As noted above, the Company will use the proceeds of the Placing to accelerate the range and depth of investments into
companies which it is believed have the prospect of high returns and capital growth.
The Company continues to build up positions in AIM, LSE and Aquis Exchange traded companies. Gledhow's strong balance
sheet together with the Placing proceeds will allow the Company to significantly scale up its operations and take
advantage of the market investment opportunities that are currently being presented to the Company. Gledhow sees
opportunities to build up strategic positions in an array of companies that are being recapitalised at an early stage
and that have strong management teams.
Application will be made for the 48,571,428 new Ordinary Shares to be admitted to trading on the AQSE Growth Market and
it is expected that admission will occur on or around 10 June 2021.
Company Secretary
Geoffrey Melamet, Non-Executive Director, has been appointed as Company Secretary with immediate effect.
The directors of the issuer accept responsibility for the contents of this announcement.
For further information please contact:
Gledhow Investments plc
Guy Miller: +44 (0) 20 7220 9795
Peterhouse Capital Limited (Corporate Stockbroker):
Lucy Williams: +44 (0) 20 7469 0930
Duncan Vasey: +44 (0) 20 7220 9797 (Direct)
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ISIN: GB0008842717
Category Code: MSCM
TIDM: GDH
Sequence No.: 109205
EQS News ID: 1204194
End of Announcement EQS News Service
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June 04, 2021 02:00 ET (06:00 GMT)
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