TVC TV Commerce

    RNS Number : 7552J
  TV Commerce Holdings PLC
  09 December 2008
   

    TV COMMERCE HOLDINGS PLC

    ISSUE OF EQUITY


    The Board of TV Commerce Holdings plc (the "Company") announces it has raised �350,000 (before expenses) by the issue and allotment of
58,333,333 new ordinary shares at a price of 0.6p per share to Allianz Insurance PLC, conditional on these shares being admitted to trading
on AIM.   The net proceeds will be used for general working capital purposes.

    The 58,333,333 shares will represent approximately 4.4 per cent of the so enlarged issued share capital of the Company.

    Application will be made for the shares, which will rank pari passu with existing ordinary shares, to be admitted to trading on the AIM
market of the London Stock Exchange. It is expected that Admission will become effective and that dealings in the shares will commence on or
around 15 December 2008.

    Following admission, the issued share capital of the Company will be 1,322,512,965 ordinary shares of 0.02p each.


    Enquiries:
     

    David Hargreaves, CEO                    TV Commerce Holdings plc                       Tel:  078 8443 7468
    Aaron Smyth (NOMAD)                   Dowgate Capital Advisers Ltd                    Tel:  020 7492 4777
    Philip Dumas (Broker)                     Dowgate Capital Stockbrokers Ltd             Tel:  020 7492 4799

    Further information can be found on the Company's website, www.tvcommerce.co.uk.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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