TP ICAP Group PLC

Declaration of Voting Results & Voting Rights Announcements • Jul 27, 2017

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RNS Number : 2239M

TP Group PLC

27 July 2017

NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR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 SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE PROHIBITED BY ANY APPLICABLE LAW.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

TP Group plc (the "Company")

Result of Open Offer

On 10 July 2017, the Company published its shareholder circular in connection with the Fundraising, including the Open Offer. The Open Offer closed for acceptances at 11.00 a.m. on 26 July 2017.

The Company announces that it has received valid acceptances from Qualifying Shareholders in respect of 28,408,820 Open Offer Shares, including applications for 12,563,795 Open Offer Shares under the Excess Application Facility. This represents approximately 47.1 per cent. of the maximum number of Open Offer Shares available under the Open Offer.

Qualifying Shareholders who have validly applied for Open Offer Shares will receive their full Basic Entitlement and any New Ordinary Shares they applied for under the Excess Application Facility.

In addition to the £20.0 million conditionally raised through the Firm Placing, the Company has therefore conditionally raised gross proceeds of approximately £1.85 million through the Open Offer. It is expected that the Admission of the 28,408,820 Open Offer Shares will become effective at 8.00 a.m. on 28 July 2017.

The Fundraising remains conditional upon, amongst other things, Shareholder approval of the Resolutions to be proposed at the General Meeting to be held later today and Admission.

Open Offer Shares (in uncertificated form) are expected to be credited to CREST accounts on 28 July 2017 and definitive share certificates for the Open Offer Shares (in certificated form) are expected to be despatched to Shareholders who hold their Ordinary Shares in certificated form by 2 August 2017.

Unless otherwise defined, capitalised terms shall have the meaning as those set out in the 'Definitions' section of the announcement issued by the Company on Monday 10  July 2017.

Enquiries:

TP Group plc		www.tpgroup.uk.com
Phil Cartmell, Chief Executive Officer		Tel: +44 (0)1753 285 810
Derren Stroud, Chief Financial Officer
Simon Kings, Executive Director
Cenkos Securities plc (NOMAD and Broker)		www.cenkos.com
Mark Connelly / Callum Davidson		Tel: +44 (0)20 7397 8900
Vigo Communications	www.vigocomms.com
Jeremy Garcia / Fiona Henson / Natalie Jones		Tel: +44 (0)20 7830 9700

This information is provided by RNS

The company news service from the London Stock Exchange

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