Issue of Equity
December 12 2006 - 11:36AM
UK Regulatory
RNS Number:7544N
Buckland Group PLC
12 December 2006
BUCKLAND GROUP PLC
Issue of new equity
Application has been made for admission of 106,666,666 ordinary shares of 0.01p
each in the Company to trading on AIM. These shares have been issued pursuant to
a placing for cash at 0.075p per share to raise # 80,000 before expenses to
provide additional working capital for the group. Of this total, # 18,000 has
been subscribed for by Philip Palmer and # 37,000 by Lee Sharples, both of whom
are directors of the Company. Following these transactions, Philip Palmer will
have an interest in 55,366,666 shares representing 5.9% of the enlarged share
capital and Lee Sharples will have an interest in 84,134,999 shares, equivalent
to 9.1% of the enlarged share capital.
The shares will rank pari passu with the existing ordinary shares of the
Company. Dealings are expected to commence in the new ordinary shares on 13th
December 2006.
Enquiries:
Patrick Rogers
Chairman
07711 420702
This information is provided by RNS
The company news service from the London Stock Exchange
END
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