Delling Group PLC
09 February 2005
DELLING GROUP RAISES £1.3 MILLION
Delling Group plc ('Delling Group' or 'the Group'), the marketing support
services group, has raised £1.3 million before expenses from new and existing
institutional investors by placing 8,666,667 new ordinary shares of 1p each at
15p per share, conducted by Seymour Pierce Limited. The funds raised will be
used to fund potential acquisitions.
Application has been made for the admission of 8,666,667 new ordinary shares to
be traded on the AIM market. The new ordinary shares will rank pari passu with
the existing ordinary shares of the Company. Dealings in the new ordinary
shares are expected to commence on 15 February 2005.
The Group is pursuing a growth strategy through organic development and through
the purchase of suitable acquisitions. The Board expects to announce its
preliminary results in April 2005. The directors continue to be confident about
the Group's trading performance.
Separately, the Group has published details today about a number of agreements
which are for two to five years and which the Board believes have a combined
value of over £3.7 million per annum in revenue terms.
Aksel Bratvedt, Delling Chief Executive Officer, commented:
'The continued institutional support for our strategy is very encouraging and we
are looking to continue our aggressive growth plans.'
9 February 2005
Enquiries:
Delling Group 020 7010 8210
Aksel Bratvedt, Chief Executive Officer
Geir Lolleng, Chief Operating Officer
Seymour Pierce Limited 020 7107 8000
Dru Edmonstone
College Hill 020 7457 2020
Adrian Duffield/Clare Warren
This information is provided by RNS
The company news service from the London Stock Exchange
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