Issue of Ordinary Shares
May 09 2007 - 8:17AM
UK Regulatory
RNS Number:2978W
Eicom PLC
09 May 2007
EICOM plc ("Eicom" or "the Company"; stock code: EIC)
Issue of Ordinary Shares
Further to an announcement on 3 November 2006 relating to the signing of a
series of put and call options to raise a maximum of #2.7million net of
discount, Eicom today announces that it has exercised the third option and has
placed 5,681,818 Ordinary Shares of 0.5p each at a price of 8.8p per share to
raise #500,000 gross of placing fees, #475,000 net of placing fees.
Application has been made today for these shares to be admitted to AIM, and
trading is expected to commence on 15 May 2007.
This brings the total number of Ordinary Shares with voting rights to 23,872,298
which 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 the Company
under the FSA's Disclosure and Transparency Rules.
For further information, please contact:
Steve Timmins of Eicom plc 0870 850 8102
Fiona Owen - Grant Thornton Corporate Finance 020 7383 5100
David Morgan or Glynn Reece of Pacific Continental Securities 020 7769 7769
Susan Scott / Michael Padley of Bankside Consultants 020 7444 4140
This information is provided by RNS
The company news service from the London Stock Exchange
END
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