Issue of Equity (9836W)
February 08 2012 - 2:00AM
UK Regulatory
TIDMMBW
RNS Number : 9836W
Mobilewave Group PLC
08 February 2012
8 February 2012
MobileWave Group plc
("MobileWave" or the "Company")
Issue of Equity
The Board is pleased to announce that as a result of the ongoing
investment in the Company by Dutchess Opportunity Cayman Fund Ltd
("Dutchess") announced on 06 October 2011 the Company is issuing a
further 3,000,000 new ordinary shares in the Company to the
Dutchess. Under the Investment Agreement entered into by the
Company and Dutchess, Dutchess agreed to subscribe for up to GBP4.0
million of new ordinary shares in the Company over a period of
three years.
Accordingly, application has been made for the 3,000,000 new
ordinary shares to be admitted to trading on AIM and it is expected
that admission will take place on 14 February 2012.
The new ordinary shares will rank pari passu with the existing
shares of the Company. Following this allotment, the total issued
share capital of the Company will increase to 94,082,769 ordinary
shares.
For further information, please contact:
MobileWave Group plc rstear@mobilewave.com
Rory Stear, Chairman
Charles Stanley Securities 020 7149 6000
Nominated Adviser & Broker
Dugald J.Carlean / Carl Holmes
This information is provided by RNS
The company news service from the London Stock Exchange
END
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