Pentagon Protection PLC
15 June 2006
For immediate release
15 June 2006
PENTAGON PROTECTION PLC ('Pentagon Protection')
PLACING OF ORDINARY SHARES
Pentagon Protection, the provider of safety and security products for commercial
and architectural glass, is pleased to announce that it has raised £1,250,000
before expenses via the issue of 125,000,000 new ordinary shares at 1p per
share.
The proceeds of the placing will be used to provide the Company with additional
working capital and fund the development of the building glass business, which
may include acquisitions if suitable opportunities arise.
The following Directors of the Company have participated in the placing as
indicated below:
Director Placing Subscription Total shares now held in % of enlarged share capital
the Company of the Company
Haytham ElZayn 20,000,000 34,322,349 11.8%
Graham Bannerman 5,000,000 24,578,947 8.5%
The balance of the new ordinary shares were placed with clients of Seymour
Pierce Ellis.
Application has been made for the admission of the placing shares to trading on
AIM. The placing shares will rank pari passu with the existing ordinary shares.
Dealings in the placing shares are expected to commence on 21 June 2006.
Contact:
Graham Bannerman, CEO Pentagon Protection Plc Tel: 01494 793 333
Ben Knowles, Parkgreen Communications Tel: 020 7786 9600
Jonathan Wright, Seymour Pierce Tel: 020 7107 8000
This information is provided by RNS
The company news service from the London Stock Exchange
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