Huntsworth plc is a world-class global public relations and integrated healthcare communications group operating from 73 principal offices in 31 countries.

Strategically aligned under four principal consultancy brands: Citigate, the leading financial brand; Grayling, the world’s second largest independent consultancy; Huntsworth Health, integrated healthcare communications specialists and Red, one of the leading multi-specialist public relations consultancies; we are now successfully positioned for accelerated growth.

Results of placing
RNS
RNS Number : 2528C
Huntsworth PLC
28 September 2018


THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

28 September 2018

Huntsworth plc
("Huntsworth" or the "Company" or the "Group")

Results of placing

Huntsworth plc, the healthcare and communications group, is pleased to announce the results of the placing launched yesterday, 27 September 2018.

A total of 16,560,604 new ordinary shares in the capital of the Company of 1 pence each (the "Placing Shares") have been placed by Numis Securities Limited ("Numis") and Dowgate Capital Stockbrokers Limited ("Dowgate") (together, the "Joint Bookrunners") at a price of 109.5 pence per Placing Share (the "Placing Price"), raising gross proceeds of approximately £18.1 million (£17.6m net of expenses).

The Placing Shares represent 5.0% of the issued ordinary share capital of the Company prior to the Placing. The Placing Price represents a discount of approximately 3.5% to the closing price of 113.5 pence on 27 September 2018.

In relation to the above, applications have been made to the Financial Conduct Authority for admission of the Placing Shares to the premium listing segment of the Official List of the UK Listing Authority and to the London Stock Exchange plc for admission to trading of the Placing Shares on its main market for listed securities (together, "Admission") and Admission is expected to take place at 8.00 a.m. on 2 October 2018.

In accordance with the FCA's Disclosure Guidance and Transparency Rules, following this issue, the Company's issued share capital consists of 349,459,361 ordinary shares of 1 pence each. The Company currently holds 1,686,681 ordinary shares in treasury. Therefore, the total number of issued shares with voting rights in the Company is currently 347,772,680.

The figure of 347,772,680 ordinary shares should 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 under the FCA's Disclosure Guidance and Transparency Rules.

Related Party Participation
Canaccord Genuity Group Inc ("Canaccord") is a substantial shareholder for the purposes of chapter 11 of the Listing Rules. They are therefore considered to be a related party for the purposes of chapter 11 of the Listing Rules. Canaccord have committed to subscribe for 4,000,000 Placing Shares in the Placing, equating to £4,380,000. Under Listing Rule 11.1.10 R, the participation in the Placing by Canaccord constitutes a "smaller" related party transaction and as such does not require the approval of independent ordinary shareholders of the Company. The Transaction falls within Listing Rule 11.1.10R (smaller related party transactions) and this announcement is made in accordance with Listing Rule 11.1.10R(2)(c).

Huntsworth plc - www.huntsworth.com

11:30 27/11/2018
Broker Forecast - Berenberg issues a broker note on Huntsworth PLC
Berenberg today reaffirms its buy investment rating on Huntsworth PLC (LON:HNT) and cut its price target to 140p (from 150p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk