- 1.25 Investor Warrants to be issued for every one new Ordinary Share issued pursuant to the Fundraise
- Finance the further expansion of the BRICKLIVE Zoo programme, with seven shows already agreed and seven additional shows projected for 2019
- Provide additional working capital to the Group
David Ciclitira, Executive Chairman of Live Company Group, said: “I am very excited that the Group is investing in the BRICKLIVE Zoo programme. With the success of our Zoo touring assets at Marwell Zoo and Twycross Zoo in the UK, we have seen significant levels of interest from other zoos across the UK, Europe and the United States. This funding will therefore allow the Group to take advantage of these exciting opportunities and I’m personally delighted to be investing in the Company at this time.”
Fundraise Statistics
Issue Price |
65p |
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Number of existing Ordinary Shares |
67,094,595 |
||
Number of Placing Shares |
2,084,616 |
||
Number of Subscription Shares |
1,299,996 |
||
Number of Commission Shares |
46,153 |
||
Number of Investor Warrants |
4,230,765 |
||
Number of Adviser Warrants |
50,000 |
||
Number of Fee Shares |
69,230 |
||
Gross proceeds of the Placing |
Approximately £1.36 million |
||
Gross proceeds of the Subscription |
Approximately £0.84 million |
||
Gross proceeds of the Fundraise |
Approximately £2.2 million |
||
Net proceeds of the Fundraise |
Approximately £2.1 million |
||
Number of Ordinary Shares in issue immediately following the First Admission |
69,248,441 |
||
Number of Ordinary Shares in issue immediately following the Second Admission |
70,594,590 |
||
Percentage of enlarged share capital, following the second Admission, represented by the Placing Shares, the Subscription Shares, the Commission Shares and the Fee Shares |
4.96% |
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The Placing Shares, the Subscription Shares, the Commission Shares and the Fee Shares are being issued under the Company’s existing share authorities.