The Company is seeking to raise money through the Open Offer to increase its capital base and specifically to provide capital for new projects and to assist with the ongoing expansion of the business.
The Offer Information Memorandum is being posted to shareholders today and is available for download from the company website http://www.stmarkhomes.co.uk/investors.html. Terms defined in the Open Offer Information Memorandum have the same meaning in this announcement.
The expected timetable for the offer is:
Expected timetable of principal events Record Date for the Open Offer Close of business on
10 October 2016Announcement of the Open Offer and 12 October 2016posting of Information Memorandum and Application Form Ex-entitlement date for the Open Offer 8.00 a.m.on 12 October 2016Open Offer Entitlements and Excess CREST As soon as possible after 8.00 a.m.Open Offer Entitlements credited to on 13 October 2016stock accounts of Qualifying CREST Shareholders in CRESTRecommended latest time for requesting 4.30 p.m.on 9 November 2016withdrawal of Open Offer Entitlements and Excess CREST Open Offer Entitlements from CRESTLatest time for depositing Open Offer 3.00 p.m.on 11 November 2016Entitlements and Excess CREST Open Offer Entitlements into CRESTLatest time and date for splitting of 3.00 p.m.on 11 November 2016Application Forms (to satisfy bona fide market claims only) Latest time and date for receipt of 11.00 a.m.on 15 November 2016completed Application Forms, and payment in full under the Open Offer and settlement of relevant CRESTinstructions (as appropriate) Admission and commencement of dealings 8.00 a.m.on 21 November 2016in Open Offer Shares CRESTmembers’ accounts credited in As soon as possible after 8.00 a.m.on respect of Open Offer Sharesin 21 November 2016uncertificated form Dispatch of definitive share By 30 November 2016certificates for Open Offer Sharesin certificated form
The Directors recognise and are grateful for the continued support of Shareholders.