Active Imaging PLC - Result of Rights Issue, etc
August 15 1997 - 8:48AM
UK Regulatory
RNS No 7865q
ACTIVE IMAGING PLC
15th August 1997
Active Imaging PLC ("the Company")
Results of Rights Issue and Board Appointments
The 5 for 4 rights issue of 22,903,360 ordinary shares of 10
pence each ("Rights Shares") at 10 pence per Rights Share
closed at 3:00pm on 14 August 1997. 16,033,299 Rights Shares
were taken up which represents an aggregate take up of 70 per
cent. Included in this figure are 6,000,000 Rights Shares
which were taken up in consideration of the release of an
outstanding interest free loan of #600,000 provided by
Coinshire Limited, 3i Group plc and Quester Limited. Also
included in the figure are 2,515,495 Rights Shares which have
been placed firm at 10p per Rights Share to various suppliers,
employees and the Company's ESOP trust.
The balance of the rights issue has been fully underwritten
and the 6,870,061 Rights Shares which were not taken up will
be allotted to sub-underwriters representing 77.28 per cent of
their sub-underwiting commitments.
It is expected that definitive share certificates in respect
of the Rights Shares will be despatched to shareholders by 26
August 1997.
The Company is pleased to announce that Kevin Waterhouse and
Ian Young have been appointed as directors of the Company with
immediate effect and they will hold the positions of managing
director of Active Imaging (UK) Limited. and managing director
of Data Cell Limited respectively.
15 August 1997
END
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