Postponement of Subscription period
In brief · summary, not quotable
No summary for this filing – the full text is below.
Full announcement
Select text to share a quote on X · sign in to keep highlights & notes in your BEM notes
Beowulf (AIM: BEM; Spotlight: BEO), informs that the subscription period in the Company's upcoming rights issue of Swedish Depository Receipts ("SDR") ("Rights Issue") will be postponed by one day. The subscription period is therefore expected to start on 14 March 2024, instead of the earlier expected 13 March 2024. Please see an updated indicative timetable below.
Updated summarised indicative timetable for the Rights Issue
| General Meeting | 1:00 p.m. (GMT) on 5 March 2024 |
| Results of General Meeting announced through RNS | 5 March 2024 |
| Record date for the share sub-division | 6.00 p.m. (GMT) on 5 March 2024 |
| Admission and dealings in sub-divided shares | 8.00 a.m. (GMT) on 6 March 2024 |
| The last day of trading in SDRs with preferential rights | 6 March |
| The first day of trading in SDRs without preferential rights | 7 March |
| Rights Issue Record Date for the Rights Issue | 8 March |
| Time and date from which conversion of SDRs into Ordinary Shares (and vice versa) is permitted again | 8.00 a.m. (Stockholm time) on 11 March |
| Publication of the Prospectus | 13 March |
| Start of the subscription period for the Rights Issue and trading in the Swedish Subscription Rights and Paid Subscribed SDRs | 14 March |
| Last day of trading in the Swedish Subscription Rights | 25 March |
| Subscription period for the Rights Issue ends | 28 March |
| Announcement of the results of the Rights Issue | on or around 3 April |
| Announcement of the results of the Capital Raise | on or around 3 April |
| Last day of trading in the Paid Subscribed SDRs | on or around 17 April |
| Record date for conversion of the Paid Subscribed SDRs into New SDRs | on or around 19 April |
| Swedish Admission and commencement of dealings in the New SDRs | on or around 19 April |
| Updated summarised indicative timetable for the UK Issue | |
| Time and date from which conversion of Ordinary Shares into SDRs (and vice versa) is permitted again | 6 March |
| Start of the subscription period for the UK Issue | 14 March |
| Subscription period for the UK Issue ends | 2.00 p.m. (GMT) on 28 March |
| Announcement of the results of the Capital Raise | on or around 3 April |
| AIM Admission and commencement of dealings in the New Ordinary Shares | 8.00 a.m. (BST) on 18 April |
| New Ordinary Shares credited to CREST stock accounts (uncertificated Shareholders only) | after 8.00 a.m. (BST) on 18 April |
| Posting of certificates for the New Ordinary Shares (certificated Shareholders only) | on or around 2 May |
Advisers
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.