Placing
July 22 2004 - 12:34PM
UK Regulatory
RNS Number:1396B
Orientrose 2 PLC
22 July 2004
FOR IMMEDIATE RELEASE 22 July 2004
ORIENTROSE 2 PLC ("Orientrose 2" or the "Company")
PLACING
SIGNIFICANT SHAREHOLDINGS
The Board of Orientrose 2 announces that it has made arrangements with the
Company's broker, Seymour Pierce Ellis, to place 22,000,000 new Ordinary Shares
of 1p each for 3.5p each with clients of Seymour Pierce Ellis. Application will
made for these Shares to be admitted to trading on AIM.
The Company intends to use the net proceeds of the Placing to provide a more
substantial cash base to undertake a transaction in due course.
Pursuant to the the Placing, significant shareholdings are as follows:
Number of Shares Percentage of
Issued Share Capital
Griffin Group Plc 7,500,000 21.5
Nigel Woods 9,928,704 28.4
Ruth Gillanders 2,000,000 5.7
Contact:
Stephen Dean, Orientrose 2: 00 34 605 28 22 11
Roland Cornish, Beaumont Cornish Limited: 0207 628 3396
This information is provided by RNS
The company news service from the London Stock Exchange
END
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