Proposed Admission of Investee Company to AIM
October 28 2010 - 2:00AM
UK Regulatory
TIDMEVOL TIDM3D.P
RNS Number : 1295V
Evolve Capital PLC
28 October 2010
28 October 2010
Evolve Capital plc
("Evolve" or the "Company")
Proposed Admission of Investee Company to trading on AIM
The Board of Evolve are pleased to note yesterday's announcement by 3D
Diagnostic Imaging plc ("3D"), a PLUS-quoted company in which Evolve has a
substantial investment, that it has conditionally raised GBP2.71 million (before
expenses) by way of a placing of 45,248,318 shares at a price of 6p per share
and that it intends to move from PLUS-quoted onto AIM.
It is expected that 3D's admission onto AIM ("Admission") will become effective
and dealings in its enlarged share capital will commence on 22 November 2010.
The market capitalisation of 3D, based upon the placing price of 6p per share,
will be GBP10.23 million. The closing mid-market price of 3D on 27 October 2010
was 10p per share. Following Admission Evolve will hold 53,974,354 ordinary
shares in 3D equivalent to 31.66% of its enlarged issued share capital.
A copy of 3D's admission document is available at the offices of 3D's lawyers,
Marriott Harrison, and further information on the company is available at
www.3ddiagnosticimaging.com.
Oliver Vaughan, Evolve's Chairman, commented:
"The Board believe that 3D is an excellent example of Evolve's wider business
model. We have supported the company from the outset and are delighted with the
progress that it has made to date. We look forward to further exciting
developments in the future."
For further information please contact:
+---------------------------------------------+----------------------+
| Evolve Capital plc | |
| Oliver Vaughan, Chairman | Tel: 020 7937 4445 |
| | |
+---------------------------------------------+----------------------+
| Allenby Capital Limited | |
| Nick Naylor | Tel: 020 3328 5656 |
| Nick Athanas | |
+---------------------------------------------+----------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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