XCAP Securities PLC Placing and Issue of Equity of £0.9 million (5185S)
November 08 2013 - 2:00AM
UK Regulatory
TIDMXCAP
RNS Number : 5185S
XCAP Securities PLC
08 November 2013
8(th) November 2013
XCAP Securities plc
("XCAP" or the "Company")
Placing and Issue of Equity of GBP0.9 million
The Board of XCAP (AIM: XCAP.L), the independent wealth
management and capital markets investment bank, is pleased to
announce that it has raised a total of GBP905,000 via the issue of
323,214,285 new ordinary shares of 0.1p each in the Company
("Ordinary Shares") at 0.28p per share (the "Placing").
Application will be made for the new Ordinary Shares to be
admitted to trading on AIM and dealings are anticipated to commence
on 13 November 2013, following which the Company will have
2,087,538,038 Ordinary Shares in issue. Proceeds will be used for
general working capital purposes as the Company continues to
execute its corporate strategy.
Under AIM Rule 21, XCAP directors and applicable employees were
unable to participate in the Placing because the Company is
currently in a close period ahead of the publication of its
financial results. Once the close period has ended, it is XCAP's
current intention to allow its directors and applicable employees
the opportunity to subscribe for further Ordinary Shares on similar
terms.
Nitin B Parekh, CEO commented "On behalf of the Board I would
like to thank the placees for the confidence they have shown in our
strategy. I am particularly pleased that a significant portion of
the Placing is being taken up by new shareholders, who share our
vision for the future."
Enquiries:
XCAP Securities plc
Nitin Parekh (CEO) +44 (0)20 3101 7070
Grant Thornton UK LLP
Philip Secrett / Melanie Frean +44 (0)207 383 5100
24/7 Communications
Bob Bion +44 (0)7810 692 594
This information is provided by RNS
The company news service from the London Stock Exchange
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