Blue Prism : Result of Placing

RNS Number : 0201O Blue Prism Group PLC 24 January 2019

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN 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, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

For immediate release

24 January 2019

Blue Prism Group plc

Result of Placing

Earlier today, Blue Prism Group plc (AIM: PRSM) ("Blue Prism", the "Company" or, together with its subsidiary undertakings, the "Group"), announced (the "Placing Announcement") details to raise approximately £100.0 million (before expenses) by way of a placing of new ordinary shares of one penny each ("Ordinary Shares") in the capital of the Company (the "Placing Shares") in order to accelerate the Group's global growth and further strengthen its balance sheet.

Capitalised terms used in this announcement (this "Announcement") have the meanings given to them in the Placing Announcement, unless the context provides otherwise.

The Placing was conducted by way of an accelerated bookbuild. The Bookbuilding Process has now closed and the Company is pleased to announce that a total of 9,090,910 Placing Shares have been conditionally placed by Investec with certain existing and new institutional investors at an issue price of 1,100 pence per share (the "Placing Price"), raising approximately £100.0 million (before expenses) for the Company.

The Placing and settlement

The Placing Shares, when issued, will represent approximately 11.9 per cent. of the Company's enlarged issued share capital. The Placing Price represents a discount of approximately 5.2 per cent. to the closing mid-market share price of 1,160 pence per Ordinary Share on 23 January 2019, being the latest practicable date prior to the publication of this Announcement.

The Placing Shares, when issued, will be fully paid and will rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of issue.

Application will be made for the Placing Shares to be admitted to trading on AIM ("Admission").

The Placing is conditional upon, the Resolution required to implement the Placing being duly passed by shareholders of the Company at the General Meeting, Admission becoming effective and the Placing Agreement not being terminated in accordance with its terms.

A shareholder circular (the "Circular") containing, amongst other things, the notice of the General Meeting is expected to be published by the Company later today.

Settlement for the Placing Shares and Admission is expected to take place on or before 8.00 a.m. on 12 February 2019.

Total voting rights

Following Admission, the Company will have a total of 76,268,652 Ordinary Shares in issue. With effect from Admission, 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, under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

Directors' and PDMR participation in the Placing

The following Directors and PDMRs participated in the Placing:

Name	Existing	Number of	Resultant	Resultant
shareholding	Placing Shares	shareholding	shareholding on
acquired	Admission (%)
Alastair Bathgate	4,653,224	22,727	4,675,951	6.1
Ijoma Maluza	634	454	1,088	0.0
Chris Batterham	219,238	4,762	224,000	0.3
Ken Lever	37,643	5,094	42,737	0.1
Charmaine Carmichael	356,717	4,545	361,262	0.5

Pat Geary

458,000

9,090

467,090

0.6

Alastair Bathgate, Blue Prism's Chief Executive Officer commented:

"We are very pleased with the result of today's placing. Building on another year of significant progress, today's investment provides us the firepower to deliver our plans for 2019, which will strengthen our leadership position and allow us to capitalise on the significant market opportunities available. We see significant potential in our connected-RPA and its ability to transform operations across geographies and sectors."

The person responsible for arranging the release of this Announcement on behalf of the Company is Tom Hull, Head of Investor Relations.

Enquiries:

Blue Prism Group plc

[phone]

Tom Hull, Head of Investor Relations

Investec Bank plc

[phone]

Corporate Finance: Andrew Pinder / Sebastian Lawrence Corporate Broking: Carlton Nelson / Helene Comitis

FTI Consulting

[phone]

Matt Dixon Dwight Burden

This Announcement should be read in its entirety. In particular, you should read and understand the information provided in the "Important Notices" section of this Announcement.

Details of the person discharging managerial responsibilities/person closely associated

(a)

2.

(a)

(b)

3.

(a)

(b)

Name	Alastair Bathgate
Reason for the notification
Position/status	Chief Executive Officer
Initial notification/	Initial notification
Amendment
Details of the issuer
Name	BLUE PRISM GROUP PLC
LEI	2138006DQE9FNUW8KO83

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Ijoma Maluza
2.	Reason for the notification
(a)	Position/status	Chief Financial Officer
(b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer
(a)	Name	BLUE PRISM GROUP PLC
(b)	LEI	2138006DQE9FNUW8KO83
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
(a)	Description of the Financial Instrument	Ordinary shares of £0.01 each
(b)	Identification code of the Financial Instrument	GB00BYQ0HV16
(c)	Nature of the transaction	Purchase of shares
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		1100p	454
(e)	Aggregated information - Aggregated volume - Price	N/A
(f)	Date of the transaction	24 January 2019
(g)	Place of the transaction	London Stock Exchange

2.

(a)

(b)

3.

(a)

(b)

Reason for the notification
Position/status	Non-Executive Director
Initial notification/	Initial notification
Amendment
Details of the issuer
Name	BLUE PRISM GROUP PLC
LEI	2138006DQE9FNUW8KO83

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

2.

(a)

(b)

3.

(a)

(b)

Name	Ken Lever
Reason for the notification
Position/status	Non-Executive Director
Initial notification/	Initial notification
Amendment
Details of the issuer
Name	BLUE PRISM GROUP PLC
LEI	2138006DQE9FNUW8KO83

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conductedDetails of the person discharging managerial responsibilities/person closely associated

(a)

2.

(a)

(b)

3.

(a)

(b)

Name	Charmaine Carmichael
Reason for the notification
Position/status	Non-Executive Director
Initial notification/	Initial notification
Amendment
Details of the issuer
Name	BLUE PRISM GROUP PLC
LEI	2138006DQE9FNUW8KO83

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

(b)

(c)

Description of the Financial	Ordinary shares of £0.01 each
Instrument
Identification code of the	GB00BYQ0HV16
Financial Instrument
Nature of the transaction	Purchase of shares