The Company is pleased to announce the result of the Open Offer which closed at 11.00 a.m. on 15 April 2014. The Company has received valid acceptances for 635,195 Open Offer Shares from Qualifying Shareholders representing approximately 5.2 per cent. of the Open Offer Shares available.
The number of Open Offer Shares applied for by Qualifying Shareholders under their Open Offer Entitlement was 383,391 Open Offer Shares. All applications by Qualifying Shareholders for their Open Offer Entitlement have been satisfied in full. The number of Open Offer Shares applied for by Qualifying Shareholders under their Excess Open Offer Entitlement was 251,804 Open Offer Shares. All applications by Qualifying Shareholders for their Excess Open Offer Entitlement have been satisfied in full.
On 31 March 2014, the Company announced that it had conditionally placed an aggregate of
21,212,121 New Ordinary Shares with Orca and Herald subject to the clawback in respect of valid acceptances received pursuant to the Open Offer. Accordingly, following the result of the Open Offer, under the Placing, Orca will be subscribing for 13,717,951 New Ordinary Shares and Herald will be subscribing for 6,858,975 New Ordinary Shares.
The Placing and Open Offer are each conditional, inter alia, on the passing of the Resolution by Shareholders at the General Meeting which is being held at the offices of Bond Dickinson LLP at 4 More London Riverside, London SE1 2AU at 12.00 noon today.
An application has been made for the 21,212,121 New Ordinary Shares being issued pursuant to the Placing and Open Offer to be admitted to trading on AIM. Subject to the passing of the Resolution, this is expected to take place at 8.00 a.m. on 22 April 2014.
Mark Turnage, Chief Executive (mturnage@opsecsecurity.com) Mike Angus, Finance Director (mangus@opsecsecurity.com)
Shore Capital and Corporate Limited 020 7408 4090Stephane Auton/ Patrick Castle
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