Proposed Placing in AOTI Inc.
Pre-IPO shareholders propose placing approximately 10 million shares, representing 9.4% of issued capital.
- Placing Shares approximately 10 million ordinary shares
- Percentage of issued capital approximately 9.4%
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PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.
Proposed Placing of approximately 10 million ordinary shares in AOTI Inc. ("AOTI" or the "Company")
Certain pre-IPO shareholders (the "Sellers") announce their intention to sell, in aggregate, approximately 10 million ordinary shares (the "Placing Shares") in the capital of AOTI, representing approximately 9.4 per cent. of the Company's existing issued ordinary share capital, to eligible institutional investors (the "Placing").
The price per Placing Share will be determined by way of an accelerated bookbuilding process to institutional investors. The Placing is subject to demand, price and prevailing market conditions. The Sellers reserve the right to sell additional Placing Shares subject to demand. The bookbuilding period will commence with immediate effect following this announcement and may close at any time on short notice. The results of the Placing will be announced as soon as practicable after the closing of the bookbuilding process.
In the context of the Placing, any of the ordinary shares in AOTI held by the Sellers which are not sold in the Placing will be subject to a 6-month lock-up undertaking (subject to waiver by the Sole Bookrunner).
The Sellers have appointed Peel Hunt LLP ("Peel Hunt" or the "Sole Bookrunner") as Sole Bookrunner on the Placing.
AOTI is not party to the Placing and will not receive any proceeds from the Placing.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.