Delling Group PLC
10 August 2006
For Release 7:00am 10 August 2006
DELLING GROUP PLC (DLG/L)
The AIM-listed marketing services group
Placing of Ordinary Shares
Delling Group PLC ('Delling' or 'the Company'), the AIM-listed marketing support
services company, is pleased to announce a further placing of 7,500,000 Ordinary
Shares at a price of 8 pence per Ordinary Share. Application has been made for
the admission of 7,500,000 Ordinary Shares to trading on AIM on 14 August 2006
and dealings are expected to commence on or about that date.
The share issue raises £600,000 before expenses and is placed entirely to
Scandinavian investors, including £500,000 placed to the pension fund of Tine,
the Scandinavian dairy products group. This share issue follows on from the
recent fundraising and the funds will be used to strengthen further the balance
sheet, which should in turn enable the Company to obtain further bank financing
to fund, inter alia, the group's acquisition programme.
Following the placing of the 7,500,000 shares Tine will hold 6,250,000 shares
representing 4.6% of the issued voting share capital.
Aksel Bratvedt, Executive Chairman of Delling Group commented:
'It is pleasing to see the expansion of our investor base into the countries in
which we predominantly trade and I fully believe this further placing puts
Delling on an even stronger financial base from which to move forward.'
For further information please contact:
Contact:
Delling Group Plc
Aksel Bratvedt, Executive Chairman Tel 020 7484 6160
James Robinson, Finance Director Tel 020 7484 6160
Adventis Financial PR
Tarquin Edwards Tel: 020 7034 4758
Peter Binns Tel: 020 7034 4760
This information is provided by RNS
The company news service from the London Stock Exchange
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