TIDMSTG
RNS Number : 5835Z
Strip Tinning Holdings PLC
12 January 2024
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE
UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY
STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA
(COLLECTIVELY, THE "UNITED STATES"), AUSTRALIA, CANADA, JAPAN, NEW
ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN
WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE
UNLAWFUL.
THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS
OR MATERIALS RELATING TO THE RETAIL OFFER AS A FINANCIAL PROMOTION
IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS
IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL
SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS
AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF STRIP TINNING
HOLDINGS PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS
ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE
ENGAGED IN ONLY WITH SUCH PERSONS.
12 January 2024
Strip Tinning Holdings plc
("Strip Tinning" or the "Company")
Result of Retail Offer
Further to the announcement made by the Company on 21 December
2023, Strip Tinning Holdings plc (AIM: STG), a leading supplier of
specialist connection systems to the automotive sector, is pleased
to announce that it has raised gross proceeds of GBP106,150
pursuant to its retail offer via the BookBuild Platform from
existing retail shareholders (the "Retail Offer"). Subject to the
Retail Offer becoming unconditional, a total of 265,375 new
ordinary shares of 1 pence each (the "Retail Offer Shares") will be
issued at 40.0 pence per Retail Offer Share (the "Issue
Price").
Consequently, subject to the passing of the Fundraising
Resolution at the General Meeting being held on Monday, 15 January
2024, 2,500,000 Placing Shares and 265,375 Retail Offer Shares,
resulting in a total of 2,765,375 New Ordinary Shares, will be
issued pursuant to the Placing and Retail Offer raising total gross
proceeds, including the gross proceeds raised from the Convertible
Loan Notes (as was announced by the Company on 20 December 2023),
of approximately GBP5.1 million.
Capitalised terms used in this announcement have the meanings
given to them in the announcement made by the Company at 7.00 a.m.
on 20 December 2023, unless the context provides otherwise.
Enquiries:
Strip Tinning Holdings plc Via Alma PR
Adam Robson, Executive Chairman
Richard Barton, Chief Executive Officer
Adam Le Van, Chief Financial Officer
Singer Capital Markets (Nominated Adviser, Sole Broker
and Retail Offer Coordinator) +44 (0) 20 7496 3000
Rick Thompson
James Fischer
Alma (Financial PR) striptinning@almastrategic.com
Joe Pederzolli +44 (0) 20 3405 0205
Josh Royston
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
restricted and is not for publication, release 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 (the "United
States" or "US")), Australia, Canada, Japan, New Zealand, the
Republic of South Africa 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.
Singer Capital Markets Securities Limited ("Singer"), which is
authorised and regulated in the United Kingdom by the FCA is acting
exclusively for the Company and no-one else in connection with the
transactions and arrangements described in this announcement and
will not regard any other person (whether or not a recipient of
this announcement) as a client in relation to the transactions and
arrangements described in this announcement. Singer is not
responsible to anyone other than the Company for providing the
protections afforded to clients of Singer or for providing advice
in connection with the contents of this announcement, or the
transactions and arrangements described in this announcement.
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 the AIM market of
London Stock Exchange plc.
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END
ROIQKBBNNBKDFDD
(END) Dow Jones Newswires
January 12, 2024 08:41 ET (13:41 GMT)
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