Craven House Capital PLC Issue of Equity (6029J)

TIDMCRV

RNS Number : 6029J

Craven House Capital PLC

12 September 2016

12(th) September 2016

Craven House Capital Plc

("Craven House" or the "Company")

Cash placing of 150,800 new ordinary shares at $12.50 per share

Craven House Capital (AIM: CRV) announces that it has raised $1,885,000 in cash (before expenses), through a placing (the "Placing") of 150,800 new ordinary shares of $1.00 each in the Company ("Placing Shares") at a price of $12.50 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 16 September 2016.

Following Admission the total issued share capital will consist of 2,224,362 ordinary shares. As such the total number of voting rights in the Company will be 2,224,362 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.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information please contact:

 
 Craven House Capital Plc          Tel: 020 7002 1027 
  Mark Pajak 
  www.Cravenhousecapital.com 
 SPARK Advisory Partners           Tel: 020 3368 
  Limited                            3550 
  Nominated Adviser 
  Matt Davis/Mark Brady 
  www.sparkadvisorypartners.com 
 
 SI Capital                       Tel: 01483 413500 
  Broker 
  Nick Emerson 
  www.sicapital.co.uk

About Craven House Capital

Craven House Capital is a frontier and emerging market focused merchant bank seeking value oriented long term investments. Craven House invests in all segments of the capital structure in partnership with local entrepreneurs and the local business community. Craven House provides long term patient capital and is often involved in restructuring, expansion and turn around investments in crisis and transitioning economies.

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEELLFFQKFBBBL

(END) Dow Jones Newswires

September 12, 2016 11:03 ET (15:03 GMT)

Craven House Capital (LSE:CRV)
Historical Stock Chart
From Jun 2024 to Jul 2024