Placing
February 22 2008 - 4:23AM
UK Regulatory
RNS Number:5416O
Equity Special Situations Limited
22 February 2008
Equity Special Situations Limited
Placing of ordinary shares raising �4.5 million
Equity Special Situations Limited ("ESS" or the "Company"), the AIM-quoted
strategic investment company, today announces that it has issued and applied for
the admission to AIM of 2,307,693 new ordinary shares of 1p each ("Subscription
Shares"). The Subscription Shares are being issued at 195 pence per share to
raise proceeds of approximately �4.5m (before expenses) (the "Subscription").
The Subscription Shares will represent 14.04% of the enlarged share capital of
the Company. Following the Subscription the Company, will have a total of
16,475,297 ordinary shares in issue.
Application for the Subscription Shares to be admitted to AIM has been made and
it is expected that the Subscription Shares will begin trading on AIM on 27
February 2008. The Subscription Shares will rank pari passu with the existing
ordinary shares in issue.
Contacts:
Equity Special Situations Limited
Peter Griffin, Director Tel: +44 (0) 1481 751000
Noble & Company Limited
John Riddell Tel: +44 (0) 20 7763 2200
GTH Communications
Toby Hall Tel: +44 (0) 20 7153 8039
This information is provided by RNS
The company news service from the London Stock Exchange
END
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