Craven House Capital PLC Issue of Equity (5125Y)
May 17 2016 - 10:36AM
UK Regulatory
TIDMCRV
RNS Number : 5125Y
Craven House Capital PLC
17 May 2016
17 May 2016
Craven House Capital plc ("Craven House" or the "Company")
Cash placing of 277,411,748 new ordinary shares at 1.25 pence
per share
Craven House Capital (AIM: CRV) announces that it has raised
approximately GBP3.47 million in cash (before expenses), through a
placing (the "Placing") of 277,411,748 new ordinary shares of 0.1p
each in the Company ("Placing Shares") at a price of 1.25p per
Placing Share ("Placing Price").
The net proceeds of the Placing will be used to further execute
the Company's investment policy. A number of prospective investment
opportunities in our target markets are currently under evaluation
and further updates will be provided to the market in due
course.
Further to previous announcements, the Company is continuing its
discussions with additional prospective investors with regard to
making investments in the Company via further subscriptions for new
shares and updates will be provided to the market in due
course.
Application will be made for the Placing Shares, which will rank
pari passu with the existing ordinary shares in the Company, to be
admitted to trading on AIM. It is expected that Admission will
become effective and dealings will commence at 8.00 a.m. on 23 May
2016.
Following Admission the total issued share capital will consist
of 1,082,952,620 ordinary shares. As such the total number of
voting rights in the Company will be 1,082,952,620 ordinary shares.
This number may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure and Transparency Rules.
Ends
For further information please contact:
Craven House Capital Plc Tel: 020 7002 1027
Mark Pajak
www.Cravenhousecapital.com
SI Capital Tel: 01483 413500
Broker
Nick Emerson
www.sicapital.co.uk
SPARK Advisory Partners Tel: 0203 368 3550
Limited
Nominated Adviser
Matt Davis/Mark Brady
www.Sparkadvisorypartners.com
About Craven House Capital
Craven House Capital (AIM: CRV) is an investment company seeking
deep value opportunities across the globe. It seeks to create
long-term shareholder value on a per share basis by deploying
patient capital. Craven House seeks to acquire real assets and
operating companies that capable of generating steady cash
flows.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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