Open Offer to Subscribe for Loan Notes
Updated : 07:00
IDE Group Holdings Plc
(the "Company")
Open Offer to Subscribe for Loan Notes
IDE Group Holdings plc, the mid-market network, cloud and IT Managed Services provider, announces that pursuant to the announcement made on 10 January 2019, it is today posting a letter to shareholders along with an application form in relation to the open offer to subscribe for up to £4.7 million secured loan notes on the basis of 1 £1 loan note for every 40 existing ordinary shares held by shareholders* at the record date, being 21 January 2019, not 9 January 2019 as per originally announced.
A copy of the letter and loan note instrument constituting the loan notes can be found on the Company's website www.idegroup.com.
Where undefined, all capitalised terms in this announcement will have the same meaning as defined in the announcement published on 10 January 2019.
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
2019 | |
Record Date and time for entitlements under the Open Offer | Close of business on 21 January |
Publication and posting of this Letter and the Application Form | 24 January |
Ex-entitlement Date | 25 January |
Latest time and date for splitting Application Forms (to satisfy bona fide market claims only) | 3.00 p.m. on 7 February |
Latest time and date for receipt of completed Application Forms from shareholders and payment in full under the Open Offer | 11.00 a.m. on 11 February |
Expected date for despatch of loan note certificates | 22 February |
* other than MXC and Blake who subscribed for the First Tranche Loan Notes. MXC is underwriting the Open Offer.
IDE Group Holdings Plc Andy Parker, Executive Chairman
| Tel: +44 (0)344 874 1000 |
finnCap Limited Nominated Adviser and Broker Corporate finance: Jonny Franklin-Adams/ Scott Mathieson/ Hannah Boros ECM: Tim Redfern/ Richard Chambers
| Tel: +44 (0)20 7220 0500 |
MXC Capital Markets LLP Financial Adviser Charlotte Stranner | Tel: +44 (0)20 7965 8149 |
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