Share Issue (9350A)
April 05 2012 - 8:44AM
UK Regulatory
TIDMAISI
RNS Number : 9350A
Aisi Realty Public Limited
05 April 2012
5 April 2012
Aisi Realty Public Limited ("Aisi" or "the Company")
Share Issue
Aisi Realty Public Limited (AIM:AISI), a South Eastern European
focused property and investment company, is pleased to announce
that it has successfully placed 562,248 new ordinary shares of
EUR0.01 each in the Company ("Ordinary Shares") at a price of 95
pence per share with two new investors, pursuant to shareholder
approval being obtained at the Company's General Meeting held on 17
July 2011 for the issuance of up to 2,619,790 additional Ordinary
Shares (approximating a US$ 4 million increase assuming an issue
price of 95 pence).
Demergon Funds acquired 329,958 Ordinary Shares which equates to
3.35 per cent of the enlarged total voting rights of the Company,
whilst the other shareholder received 232,290 Ordinary Shares. The
share issue raised approximately GBP534,000 before expenses in
order to provide additional working capital for the Company's
business.
Application has been made for the 562,248 new Ordinary Shares to
be admitted to trading on AIM ("Admission") and it is expected that
Admission will be effective from 13 April 2012. Following
Admission, there will be a total of 9,839,975 Ordinary Shares in
issue.
Lambros Anagnostopoulos, Chief Executive Officer at Aisi,
commented: "Having successfully put Aisi on a more secure financial
footing and improved its operational performance, these new funds,
and new investors, mark a further positive step in our turnaround
plans for the Company. They provide us with further liquidity to
continue to execute our plans for growth, as we seek to build Aisi
into a company which can create value for shareholders by
capitalising on the investment opportunity the south eastern
European real estate market currently provides."
- Ends -
Enquiries:
AISI Realty Public Ltd + 380 44 459 3000
Lambros Anagnostopoulos
Seymour Pierce Limited + 44 20 7107 8000
Nandita Sahgal / David Foreman
+44 (0)20 7831
FTI Consulting 3113
Richard Sunderland / Toyah Simpson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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