Eastbridge Investments PLC Issue of Equity (2566N)
May 15 2015 - 2:00AM
UK Regulatory
TIDMEBIV
RNS Number : 2566N
Eastbridge Investments PLC
15 May 2015
15 May 2015
Eastbridge Investments Plc
("Eastbridge" or the "Company")
Completion of GBP100,000 Subscription
Eastbridge investments Plc, the investment vehicle focussed on
the property and real estate sector, is pleased to announce that
the Company has raised a total of GBP100,000, through the issue of
11,494,252 new ordinary shares of no par value ("Subscription
Shares"), at a price of 0.87p (the "Subscription"), to new
investors in the Company. The funds raised as part of the
Subscription will be used by the Company to make investments which
are in line with Eastbridge's Investing Policy.
Stuart Black, Executive Director of the Company commented: "The
Board has already identified a number of investment opportunities
that fit into our investment criteria and which we believe will
deliver demonstrable shareholder value. The funds raised will
enable us to accelerate the evaluation and execution of those
prospects which have the highest potential to enhance such
shareholder value."
Application has been made for admission of the Subscription
Shares to trading on the AIM market of the London Stock Exchange
plc ("AIM") ("Admission"). It is expected that Admission will take
place and that trading will commence on AIM at 8.00 a.m. on or
around 22 May 2015.
Upon Admission the Company will have a total of 208,134,632
ordinary shares of no par value in issue, of which 51,325,737 are
held in treasury and accordingly the total number of voting rights
in the Company at Admission will be 156,808,895. This number may be
used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change in their interest in, the
share capital of Eastbridge under the FCA's Disclosure and
Transparency Rules.
For further additional information please contact:
Eastbridge Investments Plc Tel: +44 (0)78
Gregory Collier 301 82501
Nominated Adviser Tel: +44 (0)20
Northland Capital Partners Limited 7382 1100
William Vandyk / Matthew Johnson
Sole Broker Tel: +44 (0)20
Peterhouse Corporate Finance 7469 0930
Limited
Fungai Ndoro/Lucy Williams
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOESFSFWLFISEEI
Eastbridge Inv (LSE:EBIV)
Historical Stock Chart
From Aug 2024 to Sep 2024
Eastbridge Inv (LSE:EBIV)
Historical Stock Chart
From Sep 2023 to Sep 2024