Source - RNS
RNS Number : 0071M
European Wealth Group Limited
07 October 2016
 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

 

FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW COMMON SHARES OF EUROPEAN WEALTH GROUP LIMITED IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

 

 

7 October 2016

European Wealth Group Limited

("European Wealth", or "the Group" or "the Company")

 

RESULTS OF FUNDRAISING AND DIRECTORS' DEALINGS

 

Following an announcement earlier today, European Wealth (AIM: EWG, EWGL), the integrated financial planning and wealth management group, is delighted to announce that it has it has raised  £291,100 through a direct share subscription by investors to the Company for 582,200 new Ordinary Shares at a price of 50.0 pence per Ordinary Share (the "Subscription Shares").

 

Application will be made for the Subscription Shares to be admitted to trading on AIM. It is expected that the dealings in these new Ordinary Shares will commence on AIM on or around the 13 October 2016 ("Admission").

 

Following Admission, the Company will have in issue 25,392,681 Ordinary Shares (the "Enlarged Issued Share Capital"). The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company will be 25,392,681.

 

As part of the fundraising, Kenneth ("Buzz") West, Non-executive Chairman of the Company, has subscribed for 20,000 Subscription Shares at a price of 50.0 pence per Ordinary Share. Following the purchase, Buzz West has a beneficial interest of 346,306 Ordinary Shares representing 1.36% of the Enlarged Issued Share Capital.

 

Simon Ray, Chief Operating Officer of the Company, has also subscribed for 20,000 Subscription Shares at a price of 50.0 pence per Ordinary Share as part of the fundraising. Following the purchase, Simon Ray has a beneficial interest of 259,336 Ordinary Shares representing 1.02% of the Enlarged Issued Share Capital.

 

For further details, please contact:

 

European Wealth Group Limited

John Morton

 

Tel:   +44 (0)20 7293 0733

www.europeanwealth.com   

Panmure Gordon (UK) Limited (Nomad and Broker)

Andrew Potts / Alina Vaskina (Corporate Finance)

Erik Anderson (Corporate Broking)

 

Tel:   +44 (0)20 7886 2500

Newgate Communications

Alistair Kellie / Adam Lloyd / Ed Treadwell

 

Tel: +44 (0) 20 7680 6550

 

Note:    This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 

 1

 

Details of the person discharging managerial responsibilities / person closely associated 

a)

 

Names 

Kenneth ("Buzz") West

2

 

Reason for the notification

a)

 

Position/status

 

Non-Executive Chairman

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a)

 

Name

 

European Wealth Group Limited

b)

 

LEI

N/a

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

 

Ordinary Shares of 5p each

b)

Identification code 

 

GG00BKY4K072

c)

 

Nature of the transaction 

 

 Purchase of shares

d)

 

Price(s) and volume(s)

Price(s)

Volume(s)

50p

20,000

d)

 

Aggregated information 

- Aggregated volume

- Price

 

20,000

50p

 

e)

 

Date of the transaction 

7 October 2016

f)

 

Place of the transaction

London Stock Exchange

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 1

 

Details of the person discharging managerial responsibilities / person closely associated 

a)

 

Names 

Simon Ray

2

 

Reason for the notification

a)

 

Position/status

 

Chief Operating Officer

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a)

 

Name

 

European Wealth Group Limited

b)

 

LEI

N/a

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

 

Ordinary Shares of 5p each

b)

Identification code 

 

GG00BKY4K072

c)

 

Nature of the transaction 

 

 Purchase of shares

d)

 

Price(s) and volume(s)

Price(s)

Volume(s)

50p

20,000

d)

 

Aggregated information 

- Aggregated volume

- Price

 

20,000

50p

 

e)

 

Date of the transaction 

7 October 2016

f)

 

Place of the transaction

London Stock Exchange

 

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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