Successful Fundraisings
December 20 2006 - 2:01AM
UK Regulatory
RNS Number:2663O
Libertas Capital Group PLC
20 December 2006
For immediate release 20 December 2006
LIBERTAS CAPITAL GROUP plc
COMPLETION OF TWO SUCCESSFUL FUNDRAISINGS
Libertas Capital Group plc (AIM: LBR), the UK-based financial services firm, is
pleased to announce that it has successfully completed fundraisings for West
Pioneer Properties plc (AIM: WPR) and Renewable Power & Light plc (AIM: RPL).
West Pioneer Properties, which aims to become a leading developer and operator
of shopping malls in India, raised approximately #20 million via a Placing of 25
million shares at 81.5 pence per share. Shares in West Pioneer Properties began
trading on AIM on 13 December 2006.
Renewable Power & Light, the renewable power producer, successfully raised #40
million via a Placing of 57 million shares at 70 pence per share. Shares in
Renewable Power & Light began trading on AIM on 14 December 2006.
Henry Okereke, Chief Executive Officer of Libertas Capital, said: "We are
delighted to have successfully completed these two fundraisings for West Pioneer
Properties and Renewable Power & Light and to see the companies join the AIM
market. We have seen good support from institutions for both of these two
companies and look forward to advising more successful companies in 2007."
For further information please contact:
Libertas Capital Group plc +44 (0)20 7569 9650
Jakob Kinde, Executive Chairman
Henry Okereke, Chief Executive
Buchanan Communications +44 (0)20 7466 5000
Charles Ryland / Mary-Jane Johnson
Notes for Editors
About Libertas Capital Group plc
Libertas Capital is a UK-based financial services firm offering its clients a
full range of dedicated independent Corporate Finance Advisory, Research and
Distribution services.
Corporate Finance services include advice on M&A, public and private fund
raising, private equity encompassing development capital, MBOs and MBIs,
valuation and exit strategy. In the Securities business Libertas Capital offers
research to corporate and institutional clients, via Equity Growth Research and
Libertas Capital Research, over a global distribution network. Libertas Capital
is focused on the small to mid cap market in the UK, Northern Europe, the Nordic
region, the US and Asia where the Group has gained widespread experience and
developed strong relationships.
Libertas Capital concentrates primarily on growth companies across a number of
industry sectors with a particular focus on Energy (renewable energy, oil and
gas, natural resources and oil services), Technology (software, services and
telecoms) and Healthcare.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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