Result of General Meeting & Offer

RNS Number : 0276Q

Publishing Technology PLC

12 June 2015

 



12 June 2015

Publishing Technology plc

("Publishing Technology" or the "Company")

RESULT OF GENERAL MEETING

RESULT OF OFFER

On 26 May 2015, Publishing Technology plc (AIM: PTO.L), the leading provider of world-class software and services to the global publishing industry, announced an issue of equity to raise up to £9 million (before expenses) by way of a Placing.  In conjunction with the Placing, the Board also announced details of an Offer to Qualifying Shareholders to raise up to an additional £1 million (before expenses) through the issue of up to 833,333 New Ordinary Shares at an Issue Price of 120 pence per Ordinary Share. All resolutions relating to the Placing and Offer were duly passed at a General Meeting of the Company today.

The Company is pleased to announce that the Offer, which closed at 11:00am on 11 June 2015 raised £487,199 and 405,999 New Ordinary Shares will be issued under the Offer.

In conjunction with the Placing and Offer, application has been made for 7,905,999 New Ordinary Shares to be admitted to trading on AIM.  It is expected that admission to AIM will become effective at 8:00am on 15 June 2015.

Further details of the Placing and Offer were set out in the announcement published by the Company on 26 May 2015.

Unless otherwise defined, capitalised terms shall have the same meaning as defined in the circular posted to Shareholders on 26 May 2015 (the "Circular"), which is available to view on the Company's website at www.publishingtechnology.com.

For more information please contact:

Publishing Technology plc                                                                           Tel: [phone]

Michael Cairns, Chief Executive Officer
Alan Moug, Chief Financial Officer

Cenkos Securities plc (NOMAD & Broker)                                            Tel: [phone]

Elizabeth Bowman
Nicholas Wells 

 

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