Issue of Equity
February 04 2009 - 2:00AM
UK Regulatory
TIDMRAM
RNS Number : 7439M
RAM Investment Group PLC
04 February 2009
? FOR IMMEDIATE RELEASE 4 February
2009
RAM INVESTMENT GROUP PLC
("RAM" or the "Company")
PLACING OF NEW ORDINARY SHARES
The Board of RAM Investment Group plc ("RAM") announces today that it has agreed
a placing of 2,687,500 new Ordinary Shares at a price of 4p per Ordinary Share
raising GBP107,500. The proceeds of the placing will be used for general working
capital purposes.
Application has been made for the 2,687,500 new ordinary shares, which will rank
pari passu with the existing ordinary shares, to be admitted to trading on AIM
and trading is expected to commence on 9 February 2009.
The application for new ordinary shares includes a placing of 375,000 shares at
4p per share by Giltspur Nominees, the pension trust of Tim Baldwin, a director
of the Company. Tim Baldwin's holding in the Company stands at 1,661,000
ordinary shares representing 11.81% of the issued share capital following the
completion of the new shares transaction.
Following completion of the transaction, RAM will have an issued share capital
of 14,065,400 Ordinary Shares.
For further information please call:
Tim Baldwin RAM investment Group plc 020 7518 4337
Roland CornishBeaumont Cornish Limited 0207 628 3396
This information is provided by RNS
The company news service from the London Stock Exchange
END
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