Adventis Group PLC
30 November 2006
For immediate release 30TH November 2006
ADVENTIS GROUP PLC
('Adventis' or the 'Company')
Placing of new Ordinary Shares,
Disposal of Treasury Shares
and
Appointment of Adviser
Adventis Group plc (ATG.L), the AIM-listed full service marketing and
advertising services group, is pleased to announce a placing of 3,266,800 new
Ordinary Shares of 0.25p per share at a price of 31.5 pence per new Ordinary
Share (the 'Placing'), with Oceanwood Global Opportunities Master Fund, Morgan
Stanley and an existing investor. The new Ordinary Shares issued pursuant to the
Placing have been placed at a discount of 4.5 per cent to the closing middle
market price of an Adventis share on 29 November 2006, the business day
immediately preceding this announcement, and have been issued subject only to
admission of the new shares to trading on AIM ('Admission') becoming effective.
In addition, the Company has sold 325,000 ordinary shares of 0.25p each at 31.5
pence per share (the 'Disposal') which the Company bought in the market in
January 2006 and subsequently held as treasury shares. Together the Placing and
the Disposal will raise approximately £1.13 million, before expenses. The net
proceeds will be used to strengthen further the Company's balance sheet and to
fund the group's continuing acquisition programme.
Application has been made for the 3,266,800 new Ordinary Shares to be admitted
to trading on AIM and Admission and dealings are expected to commence on
Wednesday December 6th 2006.
Following the Placing and the Disposal, the Company will hold no treasury shares
and will have 38,283,646 ordinary shares in issue.
Adventis has also received notification that on November 30th 2006 Sigma
Technology Investments Limited ('STIL') sold 1,052,632 shares, representing 2.75
per cent of the Company's enlarged issued capital, at 31.5p per share. Neil
Crabb, a non executive director of Adventis, is deemed to be beneficially
interested in such shares as he is a substantial shareholder in, and director
of, the parent company of STIL, Sigma Capital Group plc ('Sigma'). These shares
were originally issued to Sigma as part of its role in assisting the Company
prior to flotation.
Mr Crabb has separately today purchased 275,000 shares in the Company,
representing 0.72 per cent of the Company's enlarged issued capital, in his own
name at a price of 31.5p per share, which represents his entire beneficial
holding.
The Company is pleased to announce that it has appointed Arbuthnot Securities
Limited as its Nominated Adviser and Broker with immediate effect.
Charles Phillpot, Chief Executive of Adventis Group commented:
'We are delighted to see this expansion in our investor base and are excited by
these new investors' endorsement of the Group's future prospects which enhances
our strong financial position. The placing puts Adventis on a stronger
financial base from which to move forward and continue our successful programme
of eps enhancing acquisitions.'
ENDS
For further information, please contact:
Adventis Group plc
Charles Phillpot, Chief Executive Tel: 020 7034 4750
www.adventis.co.uk
Arbuthnot Securities Ltd
Tom Griffiths Tel: 020 7012 2000
Adventis Financial PR
Peter Binns Tel: 020 7034 4760 / 07768 392 582
Chris Steele Tel: 020 7034 4759 / 07979 604 687
Editors' note:
Oceanwood Capital Management LLP has invested on behalf of Oceanwood Global
Opportunities Master Fund. It is an international investment group with offices
in London and Boston.
This information is provided by RNS
The company news service from the London Stock Exchange
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