CAPITAL LIMITED FOR IMMEDIATE RELEASE
28 September 2016
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
Capital Drilling Limited ("Capital", the "Group" or "the Company") COMPLETION OF SECONDARY PLACINGCapital Drilling (LSE: CAPD), a leading drilling solutions company focused on emerging and developing markets, announces that further to the announcement released earlier this morning, certain Directors and founding shareholders of the Company (the "Vendors") have sold 25,500,000 existing ordinary shares of US$0.0001 in the Company (the "Placing Shares") at 48p per Placing Share representing approximately 18.9% of the Company's issued share capital (the "Placing").
The Placing was conducted through an accelerated bookbuild with finnCap Ltd ("finnCap") and Tamesis Partners LLP ("Tamesis").
Subsequent to the Placing, and in accordance with Disclosure and Transparency Rule 3.1.4, the revised shareholdings in the Company of those Vendors who are directors or PDMRs of the Company under the Disclosure and Transparency Rules are as follows and the Notification of Dealing Forms required under the EU Market Abuse Regulation are set out at the end of this announcement:
Director | Placing Shares sold | Resultant Shareholding | ||
Number of Placing Shares | % of issued share capital | Number of Ordinary Shares | % of issued share capital | |
Jamie Boyton | 7,690,949 | 5.70 | 20,850,182 | 15.46 |
Brian Rudd | 5,499,772 | 4.08 | 14,909,905 | 11.05 |
David Payne | 1,165,004 | 0.86 | 3,158,333 | 2.34 |
Craig Burton | 7,670,735 | 5.69 | 20,795,394 | 15.42 |
For further information, please visit Capital Drilling's website www.capdrill.com or contact:
Capital Drilling Limited +230 464 3250Jamie Boyton, Chairman investor@capdrill.com Mark Parsons, Chief Executive Officer
The CORE Building, 9th Floor, Ébène CyberCity, Mauritius
Tel: +230 464 3250 Fax: +230 464 3255 Website: www.capdrill.com
finnCap Ltd +44 (0)20 7220 0500Christopher Raggett, Corporate Finance
Joanna Scott/ Simon Johnson, Corporate Broking
Tamesis Partners LLP +44 (0)20 7389 5021Charlie Bendon Richard Greenfield
Buchanan +44 (0)20 7466 5000Bobby Morse capitaldrilling@buchanan.uk.com
Gemma Mostyn-Owen
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014.
About Capital DrillingCapital Drilling provides specialised drilling services to mineral exploration and mining companies in emerging and developing markets, for exploration, development and production stage projects. The Company currently owns and operates a fleet of 96 drilling rigs with established operations in Botswana, Chile, Egypt, Ethiopia, Kenya, Mali, Mauritania, Serbia and Tanzania. The Group's corporate headquarters is in Mauritius.
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Notification of Dealing Forms1. | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Jamie Boyton | |||
2. | Reason for the Notification | ||||
a) | Position/status | Executive Chairman | |||
b) | Initial notification/Amendment | Initial notification | |||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Capital Drilling Limited | |||
b) | LEI | n/a | |||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
a) | Description of the Financial instrument, type of instrument | ordinary shares of US$0.0001 each ("Ordinary Shares") | |||
Identification code | BMG022411000 | ||||
b) | Nature of the transaction | Sale of Ordinary Shares | |||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
48p | 7,690,949 | ||||
d) | Aggregated information:
| Single transaction | |||
e) | Date of the transaction | 28 September 2016 | |||
f) | Place of the transaction | London Stock Exchange (XLON) | |||
Page | 3
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Brian Rudd | |||
2. | Reason for the Notification | ||||
a) | Position/status | Executive Director | |||
b) | Initial notification/Amendment | Initial notification | |||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Capital Drilling Limited | |||
b) | LEI | n/a | |||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
a) | Description of the Financial instrument, type of instrument | ordinary shares of US$0.0001 each ("Ordinary Shares") | |||
Identification code | BMG022411000 | ||||
b) | Nature of the transaction | Sale of Ordinary Shares | |||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
48p | 5,499,772 | ||||
d) | Aggregated information:
| Single transaction | |||
e) | Date of the transaction | 28 September 2016 | |||
f) | Place of the transaction | London Stock Exchange (XLON) | |||
Page | 4
Capital Drilling Ltd. published this content on 28 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 September 2016 12:20:07 UTC.
Original documenthttp://www.capdrill.com/wp-content/uploads/2016/09/CAPD-2016-09-Project-Rig-Completed-Secondary-Placing_Website.pdf
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