The Open Offer closed for acceptance at 11.00 a.m. on 1 December 2017 in accordance with its terms. The Company is pleased to announce that it has received valid acceptances under the Open Offer from Qualifying Shareholders in respect of 239,908,455 New Ordinary Shares representing approximately 72.1 per cent. of the New Ordinary Shares available pursuant to the Open Offer. The remaining 92,946,845 New Ordinary Shares were taken up pursuant to the Placing.
The Offer for Subscription closed for acceptance at 11.00 a.m. on 1 December 2017 in accordance with its terms. The Company is pleased to announce that it has received valid acceptances under the Offer for Subscription in respect of 18,809,024 New Ordinary Shares.
A total of 545,124,813 New Ordinary Shares will be issued at the Offer Price (subject to the conditions noted below), of which 193,460,489 New Ordinary Shares will be issued pursuant to the Firm Placing, 332,855,300 New Ordinary Shares will be issued pursuant to the Placing and Open Offer and 18,809,024 New Ordinary Shares will be issued pursuant to the Offer for Subscription.
The Share Issue remains conditional on (i) the approval of the Resolution by Shareholders at the Company's General Meeting to be held at 10.00 a.m. on 4 December 2017 (or any adjournment thereof); (ii) the Sponsor and Placing Agreement becoming or being declared unconditional in all respects and not having been terminated in accordance with its terms; and (iii) Admission becoming effective. It is expected that Admission will become effective, and dealings for normal settlement in the New Ordinary Shares will commence, at 8.00 a.m. on 6 December 2017.