RAM Ram Active

 

TIDMRAM 
 
RNS Number : 4482D 
RAM Investment Group PLC 
02 December 2009 
 

FOR IMMEDIATE RELEASE 2 December 2009 
 
 
 
 
RAM INVESTMENT GROUP PLC 
("RAM" or the "Company") 
 
 
INSTITUTIONAL PLACING TO RAISE GBP1 MILLION NET OF EXPENSES 
 
 
 
 
The Board of RAM Investment Group plc ("RAM") announces that it has today 
completed a round of fundraising in order to provide funding for the investment 
in TrainFX and provide the enlarged group with additional working capital. 
 
 
Tim Baldwin, CEO of RAM commented: "The Company is delighted to have secured 
funding designed to ensure the enlarged company is set up to exploit current 
opportunities in the digital out of home environment. The placing has been 
supported by new institutions, existing institutions and senior management at 
RAM and Train FX Ltd and we are pleased with the wide support we are gaining for 
the enlarged group's strategy. With a significantly strengthened balance sheet 
we look forward to 2010 with confidence". 
 
 
The Company has placed 12,556,957 new ordinary shares of 1p each ("Ordinary 
Shares") at a price of 8.5p per Ordinary Share to raise GBP1,067,341.38 before 
expenses. In addition, the Company also announces an allotment of 47,058 new 
Ordinary Shares of 1p each at a price of 8.5p per Ordinary Share to its 
non-executive directors in lieu of their fees for September 2009 to October 
2009. 
 
 
Application will be made for 12,604,015 new Ordinary Shares in RAM, which, when 
issued, will rank pari passu with the existing Ordinary Shares in issue, to be 
admitted to trading on AIM. This is expected to be on 7 December 2009. 
 
 
The application for new Ordinary Shares includes 705,882 Ordinary Shares to Tim 
Baldwin and 23,529 Ordinary Shares to Iain Manley. Also included in the 
allotment are 23,529 Ordinary Shares to 21 Vision Limited, a company which 
Edward Adams is a director and exercises management control. 
 
 
On completion of the above transactions: 
 
 
Tim Baldwin will have an interest in 5,529,438 Ordinary Shares representing 
7.61% of issued share capital of RAM. 
 
 
Edward Adams will have an interest in 1,137,968 Ordinary Shares representing 
1.57% of the issued share capital of RAM. 
 
 
Iain Manley will have an interest in 137,968 Ordinary Shares representing 0.19% 
of the issued share capital of RAM. 
 
 
 
 
For further information please call: 
 
 
Tim Baldwin  RAM Investment Group plc 0207 518 4303 
 
 
Sandy Jamieson Libertas Capital Corporate Finance Limited 0207 569 9650 
 
 
Monisha Varadan   Rivington Street Corporate Finance Limited            0207 562 
3389 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IOEKLLBBKLBLFBE 
 

RAM (LSE:RAM)
Historical Stock Chart
From Jun 2024 to Jul 2024

RAM (LSE:RAM)
Historical Stock Chart
From Jul 2023 to Jul 2024