Cenkos Securities PLC Result of Tender Offer and Directors' Interests (9796G)
26 11월 2015 - 1:40AM
UK Regulatory
TIDMCNKS
RNS Number : 9796G
Cenkos Securities PLC
25 November 2015
25 November 2015
Cenkos Securities plc
("Cenkos" or the "Company")
Result of Tender Offer and Directors' Interests
The Company today announces the result of the Tender Offer set
out in the shareholder circular published by the Company on 30
October 2015 (the "Circular"). The Tender Offer closed at 1.00 p.m.
on 24 November 2015.
Result of Tender Offer
Under the Tender Offer, 15,837,486 Ordinary Shares were validly
tendered and 4,450,000 Ordinary Shares will be purchased at a price
per Ordinary Share of GBP1.80, for an aggregate purchase price of
GBP8.01 million. The Ordinary Shares to be purchased under the
Tender Offer represent approximately 7.28 per cent. of the
Company's issued ordinary share capital.
It is anticipated that the proceeds payable under the Tender
Offer to the Company's shareholders who hold their Ordinary Shares
in certificated form will be despatched no later than 4 December
2015 in the form of a cheque. Those shareholders who hold their
Ordinary Shares in uncertificated form will have their CREST
accounts credited no later than 4 December 2015.
As set out in the Circular, the Ordinary Shares will be
purchased by Smith & Williamson and/or an Affiliate pursuant to
the Tender Offer and the Company will purchase such Ordinary Shares
from Smith & Williamson and/or any Affiliate under the terms of
the Repurchase Agreement described in the Circular. The Company
intends to cancel the Ordinary Shares purchased by it under the
Repurchase Agreement, reducing the number of Ordinary Shares in
issue from 61,144,783 Ordinary Shares to 56,694,783 Ordinary
Shares.
Qualifying Optionholders
As described in the Circular, the Company conditionally offered
Qualifying Optionholders the opportunity to cancel up to 7.28 per
cent. of their Qualifying Options. The Company has agreed to cancel
687,768 Qualifying Options on the terms described in the
Circular.
Directors' Interests
As described in the Circular, certain of the directors of the
Company, namely Jim Durkin, Paul Hodges, Jeremy Warner Allen, Joe
Nally and Nicholas Wells (the "Tendering Directors"), agreed to
tender their entire Tender Offer Entitlement in the event that
valid acceptances were received for the maximum number of Ordinary
Shares available for purchase under the Tender Offer so as to
maintain their existing percentage shareholdings in the Company's
issued ordinary share capital.
With the number of Ordinary Shares tendered representing more
than the maximum number of Ordinary Shares available for purchase
under the Tender Offer, the Tendering Directors have each tendered
their full Tender Offer Entitlement under the Tender Offer.
The Directors' participation in the Tender Offer is set out
below:
Number of Percentage Number of Number of Percentage
Ordinary of issued Ordinary Ordinary of issued
Shares prior share capital Shares sold Shares following ordinary
to the Tender prior to under the the Tender share capital
Offer the Tender Tender Offer Offer following
Offer at GBP1.80 cancellation
per Ordinary of the Tender
Share Offer shares
---------------- --------------- --------------- -------------- ------------------ ---------------
Gerry Aherne 55,000 0.09% 0 55,000 0.10%
---------------- --------------- --------------- -------------- ------------------ ---------------
Jim Durkin 5,212,698 8.53% 379,035 4,833,663 8.53%
---------------- --------------- --------------- -------------- ------------------ ---------------
Jeff Hewitt 48,121 0.08% 0 48,121 0.08%
---------------- --------------- --------------- -------------- ------------------ ---------------
Anthony Hotson 32,860 0.05% 0 32,860 0.06%
---------------- --------------- --------------- -------------- ------------------ ---------------
Mike Chilton 14,115 0.02% 0 14,115 0.02%
---------------- --------------- --------------- -------------- ------------------ ---------------
Jeremy Warner
Allen 1,482,356 2.42% 107,577 1,374,779 2.42%
---------------- --------------- --------------- -------------- ------------------ ---------------
Joe Nally 1,142,248 1.87% 82,819 1,059,429 1.87%
---------------- --------------- --------------- -------------- ------------------ ---------------
Paul Hodges 5,364,885 8.77% 390,115 4,974,770 8.77%
---------------- --------------- --------------- -------------- ------------------ ---------------
Nicholas Wells 2,320,597 3.80% 168,597 2,152,000 3.80%
---------------- --------------- --------------- -------------- ------------------ ---------------
Capitalised terms used in this announcement have the same
meanings given to them in the Circular.
Enquiries:
Jim Durkin
Chief Executive Officer
Cenkos Securities plc +44 20 7397 8900
Dr Azhic Basirov / David Jones / Ben
Jeynes
Nominated Adviser and Broker
Smith & Williamson Corporate Finance
Limited +44 20 7131 4000
David Rydell / Duncan Mayall
Bell Pottinger +44 20 7861 3800
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLLFVRLTLEFIE
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November 25, 2015 11:40 ET (16:40 GMT)
Cenkos Securities (LSE:CNKS)
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부터 6월(6) 2024 으로 7월(7) 2024
Cenkos Securities (LSE:CNKS)
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부터 7월(7) 2023 으로 7월(7) 2024
