RAM Ram Active

 

TIDMRAM 
 
RNS Number : 5333P 
RAM Investment Group PLC 
19 July 2010 
 
FOR IMMEDIATE RELEASE 
       19 July 2010 
 
 
                            RAM INVESTMENT GROUP PLC 
                            ("RAM" or the "Company") 
 
RAM INVESTMENT GROUP PLC RAISES GBP1.2 MILLION FROM CONVERTIBLE LOAN AND PLACING 
                             OF NEW ORDINARY SHARES 
 
 
The Placing 
 
The Board of RAM Investment Group plc ("RAM") announces that it has today 
completed a placing in order to provide funding for investment in TrainFX, RAM 
Vision and provide the Group with additional working capital. 
 
The Company has placed 25,700,000 new ordinary shares of 1p each at a price of 
4p per share to raise GBP1,028,000 before expenses, with institutional and 
exempt investors on behalf of clients. In addition the Company also announces 
the allotment if 3,750,000 new ordinary shares of 1p each at a price of 4p each 
in lieu of interest payable on loan and accrued advisory fees. 
 
The new Ordinary Shares will, when issued, rank pari passu with the existing 
Ordinary Shares in issue and application will be made for 29,450,000 new 
Ordinary Shares to be admitted to trading on AIM. This is expected to be on 23rd 
July 2010. 
 
On completion of the above transactions: 
 
Tim Baldwin, Executive Chairman of the Company, participated in the placing and 
subscribed for 2,500,000 shares at the placing price of 4p. Following the 
placing he will have an interest in 8,029,438 Ordinary Shares, representing 
7.32% of the issued share capital of RAM. 
 
 
Convertible Loan 
 
In addition, the Company has also raised GBP200,000 through the issue of a 
convertible Loan Note to Boldhurst Properties Ltd. The interest rate on the loan 
note is 12% per annum, compounded monthly. 
 
So far as not converted, the principal amount of the Loan Note together with any 
interest due thereon would be redeemed on 7 November 2011 or at the option of 
the Company at any time before such date or at the election of Boldhurst 
Properties Ltd. following the breach by the Company of any conditions set out in 
the Loan Note. 
 
The Loan Note is convertible into Ordinary Shares at a price of 6.5p each in the 
capital of the Company. 
 
 
 
 
Executive Chairman Tim Baldwin comments: 
 
"We are delighted to have secured this funding in such difficult financial 
markets for small companies. These funds will assist TrainFX to achieve 
profitability and enable the extension of our shopping mall digital media 
estate. The funds will also be used in part to discharge creditors and provide 
working capital for the Group." 
 
 
 
 
For further information please call: 
 
Tim Baldwin                RAM Investment Group plc 
          0207 518 4303 
 
Sandy Jamieson           Libertas Capital Corporate Finance Limited 
  0207 569 9650 
 
Peter Greensmith        Rivington Street Corporate Finance Limited 
0207 565 3350 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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