Issue of Equity

RNS Number : 3844J

Pentagon Protection PLC

30 March 2010

 



RNS Release

30 March 2010

Pentagon Protection Plc

('Pentagon' or 'the Company')

PLACING TO RAISE £321,000

Pentagon Protection Plc (AIM: PPR), the global specialist in the supply and installation of enhanced glass protection, high-risk security consulting, training and equipment, is raising £321,000 through the placing ('the Placing') of 160,500,000 new ordinary shares of 0.1 pence each in the Company at 0.2 pence per ordinary share. The money raised will provide Pentagon with additional working capital.

The following director has participated in the Placing as follows:

Name	No. of shares subscribed in the Placing	No. of shares interested in following the Placing	Percentage of issued share capital following the Placing
H ElZayn	8,000,000	42,322,349	5.28%

Application has been made for the new shares to be admitted to trading on AIM and it is expected that dealings in these shares will commence on Tuesday 6 April 2010.

The new ordinary shares will rank pari passu in all respects with the existing shares in issue.

The issued share capital following the Placing will be 801,918,156 ordinary shares each with one voting right.

- ENDS -

Enquiries:

Pentagon Protection Plc                                                      01494 793 333
Haytham ElZayn, Chairman 

Seymour Pierce                                                                     020 7107 8000
Nominated Adviser

Jonathan Wright

Rivington Street Holdings Plc                                             020 7562 3351
Broker

Dru Edmonstone

 

END

 

 

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