Completion of Placing and Acquisitions
November 18 2009 - 2:00AM
UK Regulatory
TIDMHMF
RNS Number : 6692C
Handmade PLC
18 November 2009
7.00am 18 November 2009
Handmade PLC
("Handmade" or the "Company")
Admission Of Shares And Completion Of Placing and Acquisitions
Further to the announcement of 23 October 2009 (the "Announcement"), Handmade
PLC (AIM:HMF) is pleased to announce that, following the passing of the
resolutions at the extraordinary general meeting ('EGM') of the Company held on
16 November 2009, the placing of 68,000,000 ordinary shares at 10 pence per
share, each with attached half warrant, together with the placing of GBP10.2m
nominal 12 per cent. secured convertible loan stock (together the "Placing") has
completed. The Placing will provide gross proceeds to the Company of GBP17
million before expenses. In addition, the conditions relating to the joint
venture with National Geographic Kids Entertainment and the acquisition of the
Animation Collective Group have now been satisfied and the Company has completed
the same.
Application has been made for the admission of the Placing Shares, Cartier
Conversion Shares and the Initial Consideration Shares (each as defined in the
Announcement) to trading on AIM, which is expected to occur today at 8:00am. The
Placing Shares, Cartier Conversion Shares and the Initial Consideration Shares
will rank pari passu with existing ordinary shares in the Company.
Following admission to trading of the above new ordinary shares, the Company
will have an issued share capital of 232,986,845 ordinary shares of 5p.
As such, the total number of voting rights which will be attached to the
enlarged share capital on the basis of one vote per ordinary share held will be
232,986,845.
The above total voting rights figure may be used by Shareholders as the
denominator for the calculations by which they will determine whether they are
required to notify their interests in, or a change to their interest in, the
Company under the FSA's Disclosure and Transparency Rules.
HandMade plc
Patrick Meehan, Chairman 020 7518 8230
David Ravden, CEO
Conduit PR
Jos Simson/Charlie Geller
020 74296603
Canaccord Adams
Mark Williams/Andrew Chubb 020 7050 6500
About HandMade
HandMade Plc, which encompasses HandMade Films International and HandMade Film
Productions, is an international rights and film Production Company with one
of the UK's largest independent film libraries. The HandMade Group owns,
produces, acquires and exploits intellectual property rights, comprising film,
TV and theatrical productions, book and music rights, and merchandising. They
are the sole owners of all ancillary and merchandising rights to the iconic
children's book character 'Eloise' and specialise in the marketing and branding
of all 'Eloise' merchandise plus production and marketing of remakes of all
films in their library.
Under the original ownership of George Harrison, HandMade was responsible for
producing some of the great British films of the 70's and 80's: The Long
Good Friday, Mona Lisa and Time Bandits to name but a few.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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