AVI Avisen

RNS No 5133t
AVAILEON PLC
3rd March 1999


Placing

Availeon plc, the listed catering and home support services group, is pleased
to announce that it has placed for cash a total of 5,000,000 new Ordinary 2p
Shares at 2.25p per share to raise #112,500 before expenses.  The new Ordinary
Shares have been placed with Everett Financial Management Limited.  The new
money raised will provide additional working capital for the Company's stated
strategy of expanding its catering contracts.

The new Ordinary Shares (which will represent 4.5% of the Company's enlarged
issued share capital) will rank pari passu in all respects with the existing
Ordinary Shares and application will be made for the new Ordinary Shares to be
admitted to trading on the London Stock Exchange.  Dealings are expected to
commence on Monday 8th March 1999.

END


MSCNFKDDEDFNEFN

Avisen (LSE:AVI)
Historical Stock Chart
From Jun 2024 to Jul 2024

Avisen (LSE:AVI)
Historical Stock Chart
From Jul 2023 to Jul 2024