Issue of Equity
September 27 2010 - 4:07AM
UK Regulatory
TIDMZEST
RNS Number : 3338T
Zest Group PLC
27 September 2010
27 September 2010
Zest Group Plc
("Zest" or the "Company")
Equity Placing
The Company is pleased to announce that it has placed 420 million new ordinary
shares of 0.01 pence each at a price of 0.15 pence ("Placing Shares") with new
and existing shareholders ("the Placing").
The Placing proceeds of GBP630,000 will provide the Company with additional
working capital to service its activities.
Application will be made for the Placing Shares, which will rank pari passu with
the existing ordinary shares, to be admitted to AIM and dealings are expected to
commence on or around 7 October 2010.
Upon admission of these new ordinary shares, the Company will have 893,619,050
ordinary shares in issue and a total number of 893,619,050 voting rights.
+--------------------+--------------------+--------------------+
| Enquiries | | |
+--------------------+--------------------+--------------------+
| | | |
+--------------------+--------------------+--------------------+
| Zest Group Plc | | |
| David Lenigas, | | |
| Director | | |
| +44 (0) 440 0640 | | |
| W.H. Ireland | | |
| James Joyce | | |
| +44 (0) 207 220 | | |
| 1666 | | |
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| | | |
+--------------------+--------------------+--------------------+
| | | |
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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