Eastbridge Investments PLC Issue of Equity (0542Q)
June 12 2015 - 7:53AM
UK Regulatory
TIDMEBIV
RNS Number : 0542Q
Eastbridge Investments PLC
12 June 2015
12 June 2015
Eastbridge Investments Plc
("Eastbridge" or the "Company")
Issue of Equity
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 GBP120,000, through the issue of
13,793,103 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 for general working
capital purposes.
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 18 June
2015.
Upon Admission the Company will have a total of 221,927,735
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 170,601,998. 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)78 301
Gregory Collier 82501
Nominated Adviser Tel: +44 (0)20 7382
Northland Capital Partners Limited 1100
William Vandyk / Matthew Johnson
Sole Broker Tel: +44 (0)20 7469
Peterhouse Corporate Finance Limited 0930
Fungai Ndoro/Lucy Williams
This information is provided by RNS
The company news service from the London Stock Exchange
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