Placing - Replacement

RNS Number : 0436F

Ilika plc

17 May 2013

 



 

The following amendment has been made to the 'Placing' announcement released on 17 May 2013 0700am under RNS No: 9503E1147P to highlight that it was the discretionary clients of Charles Stanley that invested in Ilika and not Charles Stanley Group Plc.

All other details remain unchanged.

The full amended text is shown below.

Ilika plc

("Ilika" or the "Company")

Placing

Ilika plc (AIM: IKA), the advanced cleantech materials discovery company, announces that descretionary clients of Charles Stanley have subscribed for 2,375,000 new ordinary shares of 1 pence each ("Ordinary Shares") at a price of 30p per share (the "Subscription"). The Subscription will raise net funds of £709,000 for the Company at a 15% premium to the closing mid-market price on 16 May 2013.

Application will be made for the new Ordinary Shares to be admitted to trading on AIM; it is expected that such admission will be effective as at 8.00am on 22 May 2013. The Company's total issued share capital after admission of the new Ordinary Shares will be 48,249,033 Ordinary Shares. The Company does not currently hold any shares in treasury.

This figure of 48,249,033 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

Graeme Purdy, Chief Executive of Ilika, added: "We are delighted that discretionary clients of Charles Stanley have decided to increase their investment in our Company at such an important time in its corporate development. Following this placing, net cash will be in excess of £2.5 million, which provides sufficient funding for the current financial year ending April 2014 and beyond."

For more information contact:

Ilika plc	www.ilika.com
Graeme Purdy, Chief Executive	Tel: [phone]
Steve Boydell, Finance Director
Numis Securities Limited	Tel: [phone]
Oliver Cardigan, Nominated Adviser
James Black, Corporate Broking
Walbrook PR Ltd	Tel: [phone]
Paul McManus	Mob: [phone] or [e-mail]
Paul Cornelius	Mob: [phone] or [e-mail]

 

END

 

 

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