Glenwick PLC Issue of Equity (9478H)
04 12월 2015 - 12:50AM
UK Regulatory
TIDMGWIK
RNS Number : 9478H
Glenwick PLC
03 December 2015
GLENWICK PLC
(the "Company")
Issue of Equity
Further to the announcement made on the 29 October 2015, the
Board of Glenwick PLC is pleased to announce that, following
further demand from professional investors, the Company, through
its broker Peterhouse Corporate Finance Limited, has raised a
further GBP250,000 through the placing of 250,000,000 new ordinary
shares of no par value each in the Company ("Placing Shares") at a
price of 0.1 pence per share.
The proceeds of the placing will be used to increase the cash
reserves of the Company as the Board seeks to accelerate the
implementation of Glenwick's investment strategy.
Application will be made for the Placing Shares to be admitted
to trading on AIM ("Admission"). It is expected that Admission will
become effective on or around 9 December 2015. Following the
placing, the issued share capital of the Company will be
1,375,911,549. The shares issued in the placing will rank pari
passu with the existing ordinary shares.
The above figure of 1,375,911,549 ordinary shares may be used by
shareholders in the Company 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 share capital of
the Company under the Financial Conduct Authority's Disclosure and
Transparency Rules.
For further information please contact:
FIM Capital Limited
Graham Smith +44 1624 681 250
Allenby Capital Limited (Nominated Adviser and
Joint-Broker)
John Depasquale +44 203 328 5656
Peterhouse Corporate Finance Limited (Joint-Broker)
Lucy Williams / Heena Karani +44 207 469 0933
This information is provided by RNS
The company news service from the London Stock Exchange
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEDMMGZKFNGKZM
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December 03, 2015 10:50 ET (15:50 GMT)
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