CMG Croma Grp

RNS Number:1600Y
Croma Group PLC
09 February 2006


                                                                 9 February 2006

                                Croma Group plc
                           ("Croma" or "the Company")

                                Issue of Equity

Croma, the specialists in the design, development and production of overt and
covert surveillance, security and defence related products, is pleased to
announce that it has successfully raised #900,000 (before expenses) by way of a
placing of 18,000,000 new ordinary shares of 5p each ("Placing Shares") at 5p
per share with new and existing institutional shareholders. Having completed the
acquisition of Vigilant Security Limited on 3 February, as previously announced,
the Company is in late stage negotiations with its second acquisition, which is
in the field of biometrics. The net funds raised today will provide the Company
with greater flexibility to finance this acquisition.

Application has been made for the admission of 18,000,000 Placing Shares to
trading on the AIM market of the London Stock Exchange on 10 February 2006. The
Placing Shares will rank pari passu with the existing ordinary shares of the
Company.

                                   ---ends---

ENQUIRIES:

John French                                                   Tel: 07836 722 482
Chairman and Chief Executive

Bishopsgate Communications Ltd.                               Tel: 020 7430 1600
Dominic Barretto/Maxine Barnes




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

END
IOETLMLTMMAMMFF

Croma Grp (LSE:CMG)
Historical Stock Chart
From May 2024 to Jun 2024

Croma Grp (LSE:CMG)
Historical Stock Chart
From Jun 2023 to Jun 2024