Share Issue (1592E)
May 28 2012 - 2:00AM
UK Regulatory
TIDMAISI
RNS Number : 1592E
Aisi Realty Public Limited
28 May 2012
28 May 2012
Aisi Realty Public Limited
("the Company" or "Secure Property Development and Investment
Limited")
PLACEMENT OF SHARES
Secure Property Development and Investment Limited, formerly
Aisi Realty Public Limited* (AIM: AISI), a South Eastern European
focused property and investment company, announces that it has
successfully placed 333,000 new ordinary shares of EUR0.01 each in
the Company ("Ordinary Shares") at a price of 95 pence per share,
with an existing institutional investor, which will now own 561,652
Ordinary Shares in the Company (or 5.52 per cent of the enlarged
total voting rights of the Company).
The placing proceeds will be used to provide additional working
capital for the Company's business. The capital injection follows a
number of successful turnaround initiatives which have been
implemented by the new internal management to position the Company
for growth, as reported in the Company's 2011 annual results
announced on 12 March 2012.
The placing follows shareholder approval, which was obtained at
the Company's General Meeting held on 17 July 2011, for the
issuance of up to 2,619,790 additional Ordinary Shares at 95 pence.
Pursuant to which, the Company has raised to date approximately
US$1.35 million in aggregate.
Application has been made for the 333,000 new Ordinary Shares to
be admitted to trading on AIM ("Admission") and it is expected that
Admission will be effective from 29 May 2012. Following Admission,
there will be a total of 10,172,975 Ordinary Shares in issue. This
figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the FSA's Disclosure and Transparency Rules.
*The Company's name change to Secure Property Development and
Investment Limited is subject to shareholder approval at the next
Annual General Meeting.
Lambros Anagnostopoulos, the Company's Chief Executive Officer,
commented: "Having made significant improvements across all areas
of the business, these new funds are yet further confirmation of
our existing shareholders' support for both our efforts to
turnaround the Company and its prospects for future
performance."
- 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
richard.sunderland@fticonsulting.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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