Statement re Press Comment

RNS Number : 1819F

1PM PLC

15 May 2017

 

1pm plc

(the "Group" or the "Company")

Statement re. press speculation

The Company notes the recent press speculation and confirms that it is in the advanced stages of conducting a fundraising in the region of £10 million in order to accelerate organic growth and to fund potential acquisitions in the invoice finance sector. The Directors intend to offer an additional material element of any such fundraising to existing shareholders of the Company, on a pre-emptive basis, through an open offer on the same terms.

A further announcement on the potential fundraising will be made in due course.

This announcement contains inside information.

15 May 2017

For further information, please contact:
1pm plc
Ian Smith, Chief Executive Officer	01225 474230
James Roberts, Chief Financial Officer	01225 474230
Cenkos (NOMAD)
Max Hartley (NOMAD), Julian Morse (Sales)	0207 397 8900
Walbrook PR	0117 985 8989
Paul Vann	07768 807631
	[e-mail]

 

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