Conditional Placing
March 15 2005 - 5:29AM
UK Regulatory
RNS Number:7582J
Nipson Digital Printing Systems PLC
15 March 2005
This announcement does not and these materials do not constitute an offer to
sell or issue or the solicitation of an offer to buy or subscribe for ordinary
shares in the capital of the Company ("Nipson Shares") in the United States,
Canada, Australia, Japan or in any jurisdiction in which such offer or
solicitation is unlawful and the information contained herein is not for
publication or distribution, directly or indirectly, in or into Australia,
Canada, Japan or the United States or any jurisdiction in which such publication
or distribution is unlawful.
Nipson Digital Printing Systems PLC ("Nipson" or the "Company")
Conditional placing by Teather and Greenwood of 6,000,000 new Ordinary Shares
and placing of 9,708,385 existing Ordinary Shares at 80 pence per share
Nipson, the manufacturer and distributor of digital printing systems and related
consumables, has noted the current press speculation.
The Company announces that it has conditionally placed with institutional
investors 6,000,000 new Ordinary Shares of 1 pence each, at 80 pence per share,
to raise approximately #4.8 million, before expenses (the "Placing"). The funds
raised will provide working capital to allow the Company to increase the rate of
organic growth and to pursue opportunities in the growing digital market.
Furthermore, Teather & Greenwood Limited has placed on behalf of the majority
shareholder, Koonras BV BVBA Group, and certain other shareholders, 9,708,385
existing Ordinary Shares of 1 pence each, at 80 pence per share (the "
Shareholder Placing").
The Placing and the Shareholder Placing will increase the liquidity in the
existing Ordinary Shares as the free float will increase to approximately 49.25%
of the Company's issued share capital following the Placing, which will be
52,303,581 Ordinary Shares of 1 pence each.
A further announcement will be made in due course.
Enquiries:
Teather & Greenwood 020 7426 9000
Mark Dickenson - Corporate Broking
Adam Pollock - Institutional Sales
This information is provided by RNS
The company news service from the London Stock Exchange
END
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