Result of GM, placing, Direct

RNS Number : 9321O

AEC Education plc

16 March 2009

 



AEC Education plc

(the 'Company')

Result of general meeting

Placing, Directors' Dealings and Notice of Interest

The Company announces that all resolutions put to shareholders at today's general meeting have been duly approved. 

The Placing

The Company announces that it has raised, in aggregate, £1,050,596.04 through the placing of 8,754,967 new ordinary shares of 10p each in the Company ('Ordinary Shares') at 12p per share (the 'Placing'). The net proceeds from the Placing, together with other sources of finance, will be used to finance potential acquisition opportunities.

Application has been made for 8,754,967 Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 17 March, 2009 ('Admission'). On Admission, the Company will have 26,763,705 Ordinary Shares in issue.

Directors' Dealings and Notice of Interest

Pursuant to the Placing, the Company can confirm the following interests in Ordinary Shares:

Name	Ordinary Shares acquired in the Placing	New shareholding	Percentage of the enlarged share capital
Director
KSP Investments Pte Ltd (1)	2,486,300	7,802,348	29.15%
Liam Swords	1,000,000	1,000,000	3.74%
Ramasamy Jayapal	59,084	633,131	2.37%
Investor
Education Development International plc	1,000,000	3,000,000	11.21%
Real Time Consultancy Ltd	1,106,250	1,450,000	5.42%

(1) David Ho and Gopinath Pillai, both directors of the Company, hold 44% and 19.5%, respectively, of KSP Investments Pte Ltd.

For further information contact:

AEC Education plc

Liam Swords                            Office:        [phone]

Mobile:       [phone] 

WH Ireland Limited

David Youngman / Adrian Kirk                   [phone]

 

END

 

 

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