Expro International Group PLC
02 June 2005
Expro International Group ("Expro" or the "Company")
Result of Placing
Expro announces the successful completion of the placing (the "Placing")
announced earlier today. A total of 6,640,000 new ordinary shares of 10 pence
each (the "Placing Shares") have been placed by JPMorgan Cazenove at a price of
390 pence per Placing Share, raising approximately £26 million before expenses.
The Placing Shares will be issued credited as fully paid and will rank pari
passu in all respects with Expro's existing ordinary shares, including the right
to receive all future dividends including the proposed final dividend in respect
of the year to 31 March 2005.
Application will be made for admission of the Placing Shares to listing on the
Official List of the UK Listing Authority and to trading on the London Stock
Exchange's market for listed securities (together "Admission"). It is expected
that Admission will become effective and dealings in the Placing Shares will
commence on 7 June 2005.
Expro Chief Executive , Graeme Coutts, said
"I am very pleased with the results of today's placing. The funds raised will
give Expro the flexibility to continue to pursue our focused strategy as well as
take full advantage of opportunities before us in generally improved market
conditions."
Enquiries to:
Expro International Group PLC 0118 959 1341
Graeme Coutts
Michael Speakman
Colin Ainger
JPMorgan Cazenove Limited 020 7588 2828
Shona Graham
Chris Byrne
This information is provided by RNS
The company news service from the London Stock Exchange
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