Issue of Equity
October 13 2010 - 11:00AM
UK Regulatory
TIDMCOO
RNS Number : 3491U
Coolabi PLC
13 October 2010
Coolabi plc ("Coolabi" or the "Company")
Issue of Equity
Coolabi plc (AIM: COO), the media company focused on the ownership and creative
management of high quality intellectual property assets, announces that it has
raised GBP0.434 million through a placing with certain existing institutional
shareholders ("the Placing").
As noted in Coolabi's Interim Statement released on 27 September 2010, the
Company has made significant progress recently with its portfolio of
intellectual properties and the net proceeds of the Placing will be used to
continue and accelerate the development of those assets.
Coolabi has agreed to issue 7,241,406 new ordinary shares of 1 penny each ("New
Shares") at a price of 6 pence per share (the "Placing Price"). The Placing
Price represents a discount of 7.7 per cent to the closing middle market price
of the Company on 12 October 2010 (being the latest practicable date prior to
this announcement). The New Shares will represent approximately 15 per cent of
the current issued share capital of the Company and utilises the authorities
granted to the Board at its annual general meeting on 10 June 2010.
Application will be made for the New Shares to be admitted to trading on AIM and
dealings are expected to commence on 19 October 2010 ("Admission"). The Placing,
which is not underwritten, is conditional upon Admission.
Enquiries:
+------------------------+---------------------------------------------+
| Coolabi plc | Tel: 020 7004 0980 |
+------------------------+---------------------------------------------+
| Jeremy Banks, Chief | |
| Executive | |
+------------------------+---------------------------------------------+
| Tim Ricketts, Finance | |
| Director | |
+------------------------+---------------------------------------------+
| | |
+------------------------+---------------------------------------------+
| Evolution Securities | Tel: 020 7071 4300 |
+------------------------+---------------------------------------------+
| Bobbie Hilliam / Chris | |
| Clarke | |
+------------------------+---------------------------------------------+
| | |
+------------------------+---------------------------------------------+
| Walbrook PR Ltd | Tel: 020 7933 8780 |
+------------------------+---------------------------------------------+
| Paul McManus | Mob: 07980 541 893 or |
| | paul.mcmanus@walbrookpr.com |
+------------------------+---------------------------------------------+
| | |
+------------------------+---------------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEBSBDGLSBBGGX
Coolabi (LSE:COO)
Historical Stock Chart
From Sep 2024 to Oct 2024
Coolabi (LSE:COO)
Historical Stock Chart
From Oct 2023 to Oct 2024
