Update regarding ZDP Issue
The Conygar Investment Company PLC (The “Company”)
Update regarding ZDP Issue
The Conygar Investment Company PLC, the property investment and development group, announces that, further to the publication of the prospectus on 31 March 2023 (the “Prospectus“) and its announcement on 5 May 2023, the Company has received strong interest and demand from investors for the Issue, but not to the level required to be eligible for admission to the Standard Segment of the Official List, which requires a minimum market capitalisation of £30 million. As a result, the Company announces that it has paused the Issue while it explores possible alternative listing venues, with a revised issue size of up to £20 million. Pending confirmation of the alternative listing venue, the Placing has been extended to the long stop date of the ZDP Placing Agreement of 30 June 2023.
Subscriptions received via the Offer for Subscription will be returned to investors. A further announcement will be made in due course.
Capitalised terms used and not defined in this announcement bear the meanings given to them in the Prospectus.