SDI GROUP PLC — Capital/Financing Update 2019

Feb 13, 2019

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 8245P

Scientific Digital Imaging Plc

13 February 2019

13 February 2019

Scientific Digital Imaging plc

("SDI", the "Company" or the "Group")

(AIM: SDI)

Results of PrimaryBid Offer

Scientific Digital Imaging plc, the AIM quoted group focused on the design and manufacture of scientific and technology products for use in digital imaging and sensing and control applications, including life sciences, healthcare, astronomy, manufacturing and art conservation, yesterday announced a Placing of new Ordinary Shares in the Company and an offer for new Ordinary Shares via PrimaryBid (the "PrimaryBid Offer"). The Company is pleased to announce that the PrimaryBid Offer successfully completed and closed at c.5:00 p.m. on 12 February 2019. The PrimaryBid Offer was oversubscribed and received strong demand from private investors for a total of 294,117 new Ordinary Shares raising c.£100,000. The Company has raised a total of c.£2.57m by way of the Placing and the PrimaryBid Offer, being the maximum amount authorised under the Company's existing authorities.

The Company will therefore issue and allot 294,117 New Ordinary Shares to satisfy the PrimaryBid Offer (the "PrimaryBid Shares"). Application has been made to the London Stock Exchange for the PrimaryBid Shares, which rank pari passu with the Company's existing Ordinary Shares and the new Ordinary Shares to be issued pursuant to the Placing, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 15 February 2019. 

Total Voting Rights

Following the issue of the PrimaryBid Shares and admission of the 7,276,410 Placing Shares, the Company will have 97,203,951 Ordinary Shares in issue. No Ordinary Shares are held in treasury. The figure of 97,203,951 may be used by the Company's shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidelines and Transparency Rules.

Defined terms in this announcement shall have the same meaning as in the Company announcement titled "PrimaryBid Offer" of 12 February 2019, unless otherwise specified.

Enquiries

Scientific Digital Imaging plc                                                                       +44 1223 320480

Ken Ford, Chairman

Mike Creedon, CEO

Jon Abell, CFO

www.scientificdigitalimaging.com

finnCap Ltd                                                                                                  +44 20 7220 0500

Ed Frisby/Kate Bannatyne - Corporate Finance

Andrew Burdis/Sunila de Silva - ECM

PrimaryBid Limited                                                                                     +44 20 3026 4750

Robert Beenstock

JW Communications                                                                                    +44 7818 430877

Julia Wilson - Investor & Public Relations

About SDI

Scientific Digital Imaging plc ("SDI") designs and manufactures scientific and technology products for use in digital imaging and sensing and control applications including life sciences, healthcare, astronomy, manufacturing and art conservation. SDI operates through its company divisions: Applied Thermal Control, Astles, Atik Cameras, Sentek and Synoptics, as well as the recently acquired, Fistreem, and Thermal Exchange.

SDI continues to grow by developing its own technology advancements and by improving its global distribution footprint, as well as through pursuing strategic, complementary acquisitions.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

END

MSCBCGDDUXBBGCD