Issue of Equity
February 01 2008 - 2:00AM
UK Regulatory
1 February 2008
STERLING GREEN GROUP PLC
("Sterling Green" or the "Company")
Placing raises �200,000
The Board announces today that it has raised �200,000, before expenses, from a
Placing of 8,000,000 ordinary shares in the capital of the Company ("Ordinary
Shares") at 2.5p per share (the "Placing Shares") with private investors.
The net proceeds of the Placing, amounting to approximately �194,000, will
provide additional working capital to support the expected growth of the
Company and provide working capital generally.
Following the issue of the Placing Shares, the Company will have 279,675,390
Ordinary Shares in issue. Application will be made for the Placing Shares to be
admitted to trading on AIM. Dealings in these shares are expected to commence
on 7 February 2008.
Enquiries:
Sterling Green Group plc Tel: 0161 975 5757
Michael Edelson
John East & Partners Limited Tel: 020 7628 2200
Simon Clements/David Worlidge
END
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