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BBGI SICAV S.A

BBGI SICAV S.A. raise gross proceeds of £75.0 million

BBGI SICAV S.A. (LON: BBGI) have today confirmed that the Company has raised gross proceeds of £75.0 million through the issue of 49,019,601 Ordinary Shares of no par value each in the Company. The Issue Price per New Ordinary Share was 153.0 pence. The Issue was oversubscribed and therefore a scaling back exercise was undertaken.

Application has been made for the New Ordinary Shares to be admitted to the premium listing segment of the Official List and to trading on the Main Market of the London Stock Exchange. It is expected that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 25 June 2019.

Following Admission, the number of ordinary shares that the Company has in issue will be 629,835,721. The total number of voting rights of the Company will be 629,835,721 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company.

The Issue is conditional, among other things, on Admission becoming effective and the Placing Agreement between Jefferies International Limited, Stifel Nicolaus Europe Limited and the Company not being terminated.

Commenting, BBGI SICAV S.A. Co-CEOs Duncan Ball and Frank Schramm said:

“We are delighted with the support shown by both existing and new investors in this fundraise. The fundraising will provide the Company with additional financial flexibility to pursue suitable new primary and secondary investment opportunities as and when they become available.”