Placing

RNS Number : 2771W

Gusbourne PLC

06 November 2014

 



Gusbourne Plc

("Gusbourne" or the "Company")

Placing to raise £1.8 million

Gusbourne announces that it has completed a placing to raise gross proceeds of £1.8 million, through the issue of 2,628,462 new ordinary shares ("New Ordinary Shares") to certain new and existing shareholders in the Company, at a price of 68 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 2,628,462 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 11 November 2014. Following Admission, the Company's issued share capital will consist of 17,853,276 ordinary shares of 50 pence each ("Enlarged Share Capital). The above figure (17,853,276) 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.

Lord Ashcroft KCMG PC has subscribed for 1,691,697 New Ordinary Shares in the placing and, following Admission, his percentage shareholding in the Company remains unchanged at 64.4 per cent. of the Enlarged Share Capital.

For further information contact:

Gusbourne Plc

Andrew Weeber/Ben Walgate                                      [phone]    

Cenkos Securities plc

Nicholas Wells                                                            [phone]

Broker Profile

Simon Courtenay/Tamsin Shephard                               [phone]

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

 

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