Inqo Investments Limited Inqo announces Private Placing of £2.5m (2964G)
01 Março 2018 - 4:02AM
UK Regulatory
TIDMINQO
RNS Number : 2964G
Inqo Investments Limited
01 March 2018
Inqo announces Private Placing of GBP2.5m
Inqo Investments Ltd ('INQO'), the NEX Exchange-listed social
impact investment company is pleased to announce that it has raised
gross proceeds of GBP1.25 million through the placing of 1,388,890
new ordinary shares (the "Placing Shares") with existing investors
at a price of 90p per Placing Share (the "Placing"). The Placing
Shares represent approximately 10.7% of the Company's issued share
capital as enlarged by the Placing. This Placing is the first of
two tranches with the second tranche of GBP1.25 million placed with
the same investors on the same terms as the first tranche expected
to take place in one year.
The net proceeds of the Placing will be used to execute on a
range of additional opportunities the Company has identified in the
healthcare, education and eco-tourism sectors in Africa. Inqo
invests in businesses that are two to three years from
profitability that have a direct social impact on the poor.
The Placing Shares will rank pari passu with the Company's
existing Ordinary Shares. Application will be made for the Placing
Shares to be admitted to trading on London's NEX Exchange
("Admission") and it is expected that such Admission will become
effective on or around 5 March 2018.
Following the Admission of the Placing Shares, there will be a
total of 13,028,505 Ordinary Shares in issue with each share
carrying the right of one vote. The above 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
change to their interest in, the Company under the FCA's Disclosure
and Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
Enquiries
Inqo Investments Limited
Chris Bertie, Chief Financial Officer and
Chief Operating Officer Tel: +27 (0)83 6254069
Shard Capital Partners LLP
NEX Exchange Corporate Adviser and broker
Dr Wang Chong Tel: +44 (0)20 7186 9948
About Inqo Investments Limited
'INQO' (www.inqo.co.za) is a South Africa-based social impact
company listed on the London NEX Exchange. It makes strategic
acquisitions and investments in businesses designed to tackle
poverty and provide employment, products and services to the poor
in Low Income Countries (LICs).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 01, 2018 02:02 ET (07:02 GMT)
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