Examples of Equity Placing in a sentence
Separately under the Equity Placing and Sharing Agreement ("EPSA") the Investor subscribed £1.75m ("Subscription Amount") for ordinary shares in the Company at a price of 12.5p per ordinary share ("Subscription Shares") on deferred payment terms subject to a 3% placing commission.
These are:£ (millions) Equity Placing (see 3(g))................................................................................................
The Company is of the opinion that, taking into account the net proceeds of the Equity Placing, cash resources and bank facilities available to the Enlarged Group, the Enlarged Group has sufficient working capital for its present requirements, that is, for at least 12 months following the date of publication of this Circular.
It also announced a Financing Facility to provide the Company with a £3m Mezzanine Loan Facility which may be drawn down in tranches, each repayable over 18 months, together with monthly cash inflows under the Equity Placing and Sharing Agreement, based on the Company's share price performance, which will go towards the monthly repayment costs of the loan.
Under the Placing Agreement, the Company gave certain customary undertakings, representations and warranties to the Joint Bookrunners in relation to the Equity Placing, the Acquisition and the Trinity Mirror Group and its business.
In connection with the Yahoo! Repurchase Agreement, the Equity Placing and this Agreement, on September 18, 2012, the Company (i) repurchased Ordinary Shares and (ii) issued Yahoo! Preference Shares, Ordinary Shares and Preference Shares, in each case, as described and to the extent set forth in the recitals to this Agreement.
To finance the Transaction, the Issuer completed the Equity Placing pursuant to which it issued 156,132,213 new ordinary shares at a price of £8.70 per share for gross consideration of £1,358 million.
Placing AgreementOn 28 October 2015, the Company, Numis Securities Limited and Barclays Bank PLC (together, the ‘‘Joint Bookrunners’’) entered into the Placing Agreement pursuant to which (i) Numis was appointed to act as sponsor to the Company in connection with the Acquisition and (ii) the Joint Bookrunners were appointed to act as joint bookrunners to the Company in connection with the Equity Placing.
This represents an enterprise value multiple for Adhesive Technologies of 10.3 times the Adhesive Technologies June 2021 LTM Adjusted EBITDA before Acquisition-related synergies.Synthomer intends to finance the Acquisition, and related fees and expenses, from the gross proceeds of an Equity Placing expected to raise approximately £200 million (approximately US$275 million), drawings under the Syndicated Facility and existing cash resources.
Corporate:- Successful Equity Placing raising A$8m, enabling the completion of the activities agreed under the grant of the Mining Lease for the Project, key items of early works and permitting-related Project expenditure, further extensional drilling, and for working capital purposes.