Cashbox PLC
09 April 2008
Cashbox plc
('Cashbox' or the 'Company')
Share Placing
Following the announcement of the Interim Results when the Company noted that
arrangements to raise further operating capital were being finalised, the
Company is today announcing that it has arranged a placing of 9,520,000 new
ordinary shares in the Company at 5p per share raising gross proceeds of
£476,000.
The placing is being done in two tranches at the request of investors. The first
tranche of 3,700,000 shares was allotted on Friday 4 April 2008 and the Company
has received binding commitments for the second tranche of 5,820,000 shares
which it expects to allot this week.
This placing raises a further £476,000 of operating capital to supplement the
facility from Bank of Scotland to finance the installation of ATMs under the
placement model where ownership is retained by Cashbox.
Application has been made to AIM for 3,700,000 new ordinary shares of the
Company to be admitted to trading and dealings are expected to commence on 15
April 2008 and a further application will be made in relation to the remaining
5,820,000 new ordinary shares and dealings are expected to commence on 18 April
2008.
Following the admission of the new ordinary shares, the total number of ordinary
shares of the Company in issue and therefore the total voting rights will be
104,367,525.
ENDS
For further information:
Cashbox plc
David Auger, Chief Financial Officer Tel: +44 (0)1256 441 000
dauger@cashboxplc.co.uk www.cashboxplc.co.uk
Seymour Pierce Limited
Jonathan Wright Tel: +44 (0)207 107 8000
www.seymourpierce.com
Fairfax I.S. PLC
Ewan Leggat Tel: +44 (0)207 598 5368
www.fairfaxplc.com
Media enquiries:
Threadneedle Communications
Josh Royston / Graham Herring Tel: +44 (0)207 936 9606
www.threadneedlepr.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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