Issue of Equity

RNS Number : 3338T

Zest Group PLC

27 September 2010

 

27 September 2010

Zest Group Plc

("Zest" or the "Company")

Equity Placing

The Company is pleased to announce that it has placed 420 million new ordinary shares of 0.01 pence each at a price of 0.15 pence ("Placing Shares") with new and existing shareholders ("the Placing").

The Placing proceeds of £630,000 will provide the Company with additional working capital to service its activities.

Application will be made for the Placing Shares, which will rank pari passu with the existing ordinary shares, to be admitted to AIM and dealings are expected to commence on or around 7 October 2010.

Upon admission of these new ordinary shares, the Company will have 893,619,050 ordinary shares in issue and a total number of 893,619,050 voting rights.

Enquiries
Zest Group Plc David Lenigas, Director [phone] W.H. Ireland James Joyce [phone]

 

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