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 on10 October 2016 Announcement of the Open Offer and12 October 2016 posting of Information Memorandum and Application Form Ex-entitlement date for the Open Offer8.00 a.m. on12 October 2016 Open Offer Entitlements and Excess CREST As soon as possible after8.00 a.m. Open Offer Entitlements credited to on13 October 2016 stock accounts of Qualifying CREST Shareholders inCREST Recommended latest time for requesting4.30 p.m. on9 November 2016 withdrawal of Open Offer Entitlements and Excess CREST Open Offer Entitlements fromCREST Latest time for depositing Open Offer3.00 p.m. on11 November 2016 Entitlements and Excess CREST Open Offer Entitlements intoCREST Latest time and date for splitting of3.00 p.m. on11 November 2016 Application Forms (to satisfy bona fide market claims only) Latest time and date for receipt of11.00 a.m. on15 November 2016 completed Application Forms, and payment in full under the Open Offer and settlement of relevantCREST instructions (as appropriate) Admission and commencement of dealings8.00 a.m. on21 November 2016 in OpenOffer Shares CREST members’ accounts credited in As soon as possible after8.00 a.m. on respect of OpenOffer Shares in21 November 2016 uncertificated form Dispatch of definitive share By30 November 2016 certificates for OpenOffer Shares in certificated form
The Directors recognise and are grateful for the continued support of Shareholders.
ENDS
