Issue of Equity
February 10 2010 - 7:39AM
UK Regulatory
TIDMARTO
Arteon PLC / Index: AIM / Epic: ARTO
10 February 2010
Arteon PLC (`Arteon' or `the Company')
Issue of equity
Issue of equity
The Company announces that, in order to promote liquidity in the Company's
shares and improve the balance sheet, it has issued 45,000 new ordinary shares
in the company at a price of 120 pence per share representing proceeds of GBP
54,000.
Included in the above, certain suppliers have agreed to convert GBP19,000 of
liabilities in to new ordinary shares in the Company.
The proceeds will be used to provide the Company with additional working
capital resources.
The 45,000 new ordinary shares will rank pari passu with the existing ordinary
shares. Application has been made to the London Stock Exchange for the new
ordinary shares to be admitted to trading on AIM. Admission is expected to
occur on or around 16 February 2010.
Shareholder working capital facility
The board has agreed in principle that the Company will enter into a new
shareholder financing facility, the terms of which are currently being
negotiated. A further announcement in relation to this matter will be made in
due course.
** ENDS **
For further information visit www.arteonplc.com or contact:
Peter Hagerty Arteon PLC Tel: +44 (0)20 7148 7700
Gavin Burnell Astaire Securities PLC Tel: +44 (0)20 7448 4400
Isabel Crossley St Brides Media & Finance Tel: +44 (0)20 7236 1177
Ltd
Paul Youens St Brides Media & Finance Tel: +44 (0)20 7236 1177
Ltd
END
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