Gresham House said the acquisition will be funded through the allotment of 1.5625m ordinary shares of GBP 0.25 each in the company, to Livingbridge VC, a new credit facility, a vendor placing
of 2,617,628 ordinary shares of GBP 0.25 each and existing cash resources of the company.
City Staff Will Check In The Order Prior To The Vendor Placing
The Items On The Shelf.
Hampson, which employs a 1,600-strong workforce - with 400 at plants in Birmingham, Leicester and Alcester, also announced an underwritten vendor placing
of 7.75 million new shares at a price of 153 pence each to raise pounds 11.8 million before expenses.
Hampson also announced an underwritten vendor placing
of pounds 7.75 million new shares at a price of 153 pence each to raise pounds 11.8 million before expenses.
Lastminute.com is buying the business though a vendor placing
- issuing new shares to pay for an acquisition, but the seller receiving cash - to raise pounds 8m, and by issuing 4.8 million new shares in lastminute.com.
The deal is conditioned on Informa' s successful completion of a vendor placing
of 3.88 million new shares to raise [pound]21.8 million to assist in payment.
In addition certain Bidstack Shareholders have conditionally agreed to sell 12,820,245 consideration shares by way of a vendor placing
Davis Polk is advising HSBC Bank plc as sponsor, bookrunner and corporate broker to Tullett Prebon plc on its $160 million acquisition of PVM Oil Associates Limited and the related Au32.1 million vendor placing
of new shares in part satisfaction of the initial consideration for the acquisition.
The takeover is to be funded through a vendor placing
to raise pounds 10 million and an extension to banking facilities.
The acquisition and associated expenses will be financed by a fully underwritten vendor placing
raising gross proceeds of GBP 78.5m and by GBP 54.2m to be drawn down under the new loans.
In addition to (and over and above) the foregoing, a vendor placing
of 2,000,000 shares was completed at the same offering price.
The vendor placing
of 26.7 million shares gives the company a market cap of some pounds 50 million and has generated about pounds 30 million cash.