Panmure Gordon advises RPC Group Plc on £233 million fully underwritten 1 for 5 rights issue

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Panmure Gordon advises RPC Group Plc on £233 million fully underwritten 1 for 5 rights issue

Panmure Gordon & Co, a leading independent institutional stockbroker and investment bank, is pleased to advise that it has acted as joint Global Co-ordinator, joint book-runner and underwriter on the rights issue for RPC Group Plc (“RPC”) raising £232.6 million.

 

RPC, a leading plastic products design and engineering company for packaging and non-packaging markets, will use the proceeds to fund its acquisition of Global Closure Systems (“GCS Group”) for a consideration of €650 million (approximately £470 million).

 

The rights issue take up was approximately 97 per cent. and the balance of the shares was successfully placed in the market. The transaction has been extremely well received during a period of heightened volatility in financial markets.

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RPC announces proposed acquisition of Global Closure Systems (GCS)

RPC, a leading plastic products design and engineering company for packaging and non-packaging markets, has announced a proposed acquisition of Global Closure Systems (GCS), a leading international manufacturer of closures and dispensing systems for consumer products.

Appointment of Joint Broker : Zoltav

Zoltav Resources (AIM: ZOL), the CIS-focused oil and gas exploration and production company, is pleased to announce the appointment of Panmure Gordon (UK) Limited (“Panmure Gordon”) as Joint Broker with immediate effect. Shore Capital remains Nominated Adviser and Joint Broker to the Company.

Panmure Gordon acts for DiamondCorp plc (AIM: DCP & JSE: DMC) in a placing and open offer raising £5.3m

Panmure Gordon, a leading independent institutional stockbroker and investment bank, is pleased to advise that it has acted as nominated adviser and sole broker on behalf of DiamondCorp plc (“the Company”), the Southern African focussed diamond development, exploration and mining company, in placing 31,837,000 new ordinary shares to raise £3.2m gross as well as an oversubscribed open offer of 20,894,263 new ordinary shares to raise a further £2.1m gross.

Commenting on the Placing, DiamondCorp’s CEO Paul Loudon said: “I am delighted with the strong support we have received for the Company by existing and new shareholders and I look forward to updating the market on our operational developments as we ramp up to commercial production at the Lace Mine.”

Commenting on the Open Offer, DiamondCorp’s Chairman Euan Worthington said: “The Board is very pleased at the high level of over-subscription for the Open Offer and that the majority of shareholders have been able to participate on the same terms as the recent Placing to institutions. We thank shareholders for their continuing support and look forward to an exciting future”

Panmure Gordon acts for Dolphin Capital Investors Limited

Panmure Gordon leads IPO for Gear4music (Holdings) plc

Gear4music is one of the largest UK based online retailers of musical instruments and music equipment with established partnerships with major brands and a bespoke platform operating in 19 countries. The net proceeds from the Placing of approximately £9.0m will be used to:
  • Develop further Gear4music’s bespoke ecommerce platform;
  • Invest in additional marketing initiatives;
  • Extend the range of products;
  • Open a flagship showroom in London;
  • Pay down debt.

Andrew Wass, Chief Executive Officer of Gear4music said:

“Work on the IPO of Gear 4 Music began with the Panmure Gordon Investment Banking  team well over a year before we actually listed. They took the time to really understand our business, our needs and ultimately delivered the right result. The IPO has provided a strong return for our Private Equity backers while at the same time providing the capital to fuel growth for our next stage of development.  We are extremely pleased to have completed this successful fundraising, and our thanks go to Panmure Gordon for their support and advice through this process.”

 

Panmure Gordon appointed as Nominated Adviser and Broker to StatPro Group plc (AIM: SOG)

Panmure Gordon, a leading independent institutional stockbroker and investment bank is pleased to announce its appointment with immediate effect as Nominated Adviser and Broker to StatPro Group plc, (AIM: SOG, “StatPro”, “the Group”), the leading provider of portfolio analysis and asset pricing services for the global asset management industry.

Panmure Gordon acts for European Wealth Group Limited (AIM: EWG) in placing 2.5m new shares raising £2.0m

Panmure Gordon, a leading independent institutional stockbroker and investment bank, is pleased to advise that it has acted as nominated adviser and sole broker on behalf of European Wealth Group Limited (“the Company”), the fast growing wealth management group, in placing 2.5m new ordinary shares at 80p per share with new and existing investors, raising £2.0m gross.

The Directors intend that the proceeds will be used by the Company in the acquisition of high quality businesses in the wealth management industry, towards the recruitment of experienced revenue generating staff and to strengthen the Company.
An Extraordinary General Meeting of the Company is to be held on 12 June 2015.

Panmure Gordon acts for Horizon Discovery Group plc in £40.1m placing

Panmure Gordon leads £6.0m placing for Eagle Eye Solutions Group PLC (AIM: EYE)

Panmure Gordon & Co, a leading independent institutional stockbroker and investment bank, is pleased to advise that it has acted as Financial adviser, Nominated Adviser, Broker and Book-runner on behalf of Eagle Eye Solutions Group PLC (“Eagle Eye” or the “Company”) in placing 2,013,114 new ordinary shares at 200 pence per share with existing and new institutional investors to raise approximately £4.0m for the Company (the “Placing”).

The Placing, representing approximately 9.99% of the Company’s existing ordinary share capital,was conducted through an accelerated book-building process and, in addition, Panmure Gordon placed a further 994,512 existing ordinary shares in the Company on behalf of a selling shareholder for £2.0m.Eagle Eye is a leading UK provider of digital consumer engagement solutions, enabling the retail and hospitality industries to deliver real-time digital promotions. The Company provides a digital transaction platform, Eagle Eye AIR, for the secure, real-time, multi-channel issuance, management and redemption of digital offers, vouchers and rewards, replacing previously used paper-based methods. The Company’s current client base comprises leading names in UK retail and hospitality including Asda, Greggs, Marks & Spencer, Mitchells & Butlers, Pizza Express and Tesco. The Placing builds on the Company’s strong growth and momentum, as well as the recent major contract win in relation to the deployment of its Eagle Eye AIR platform within Asda stores in the UK. The net proceeds of the Placing of the new shares will be used to accelerate investment in product development and infrastructure, and increase sales and marketing resources to capitalise on the market opportunity and drive international expansion. Phill Blundell, Chief Executive Officer of Eagle Eye, stated:

“We are extremely pleased to have completed this successful fundraising, which will allow Eagle Eye to capitalise on its major growth opportunities across the retail and hospitality sectors in the move to digital delivery for the issuance and redemption of promotions, giftcards and rewards. Since IPO and throughout our partnership, Panmure Gordon’s commitment and guidance has allowed us to focus on achieving our goals and develop as a public company and they have successfully demonstrated their ability to connect Eagle Eye with new and existing institutional investors who understand our dynamic story and can help us grow our business.”