Completion of Placing

RNS Number : 4082W

Secure Property Dev & Inv PLC

07 November 2014

 



7 November 2014

Secure Property Development and Investment Limited PLC

("Secure" or the "Company")

Completion of Placing of $1.3 million

SECURE PROPERTY Development & Investment (AIM: SPDI), today announces that it has raised $1.3 million, via a placing for cash of 1,160,642 new ordinary shares of €0.01 each, in the capital of the Company to a new investor at £0.70 per share.

The new ordinary shares will be credited as fully paid and will rank pari passu with the existing ordinary shares, including the right to receive all dividends and other distributions declared in respect of such shares after the date of their issue.

Approval for the issue of the new ordinary shares on a non-pre-emptive basis was obtained at the Annual General Meeting of the Company's shareholders held on 30 December 2013.

Application has been made for the 1,160,642 new ordinary shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will be effective on 13 November 2014. Following Admission, there will be a total of 33,884,054 ordinary shares in issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

- Ends -

Enquiries:

SECURE PROPERTY Development & Investment plc            + 380 44 459 3000

Lambros Anagnostopoulos                                                      www.secure-property.eu

Constantinos Bitros

SP Angel Corporate Finance LLP (NOMAD)

Tercel Moore                                                                          [phone]

Jeff Keating

FTI Consulting                                                                      [phone]

Richard Sunderland

Nick Taylor

 

 

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