Informa carried out an Equity Placing (the “Placing”) of 45,000,000 new ordinary shares of 0.1 pence each (“Placing Share”) in the Company on 18 November 2014.
The price per Placing Share was £4.60. The gross proceeds of approximately £207 million were used to fund the acquisition of Hanley Wood Exhibitions and the net proceeds were used to pay down debt and provide the Company with sufficient financial flexibility to continue to execute its strategy in accordance with the 2014-17 Growth Acceleration Plan.
Placing of New Ordinary Shares announcement 18 November 2014
Results of Placing announcement 18 November 2014