Issue of Equity

RNS Number : 9562T

Gusbourne PLC

24 July 2015

 

Gusbourne Plc

("Gusbourne" or the "Company")

Placing of £367,874

Gusbourne announces that it has completed a placing which has raised proceeds of £367,874, through the issue of 735,748 new ordinary shares ("New Ordinary Shares") to certain new and existing shareholders in the Company, at a price of 50 pence per share. The proceeds of the placing will be used to support the ongoing development and expansion of the business.

An application has been made for the 735,748 New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur at 8.00 a.m. on 30 July 2015. Following Admission, the Company's issued share capital will consist of 23,639,762 ordinary shares of 50 pence each ("Enlarged Share Capital). The above figure (23,639,762) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Gusbourne plc under the FCA's Disclosure and Transparency Rules.

Shareholdings of the Directors and Lord Ashcroft KCMG PC

The participation of the Directors and Lord Ashcroft KCMG PC under the Placing and resultant interests following Admission are shown below:

	Existing Ordinary Shares	Placing Shares subscribed for at 50 pence per share	Ordinary Shares held following Admission	Percentage of Enlarged Issued Share Capital
Lord Ashcroft KCMG PC	14,740,994	473,500	15,214,494	64.36
Andrew Weeber	2,722,221	0	2,722,221	11.52
Paul Bentham	855,036	0	855,036	3.62
Ian Robinson	114,019	0	114,019	0.48
Ben Walgate	90,000	0	90,000	0.38
James Arbuthnot	0	20,000	20,000	0.08
Matthew Clapp	0	20,000	20,000	0.08

For further information contact:

Gusbourne Plc

Andrew Weeber/Ben Walgate                                                        [phone]        

Cenkos Securities plc

Nicholas Wells                                                                                  [phone]

Note: This announcement and other press releases are available to view at the Company's website: www.gusbourneplc.com          

 

END

 

 

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