Wynnstay Group PLC
14 November 2007
WYN.L
Wynnstay Group plc
('Wynnstay' or the 'Group')
Placing of 493,000 new ordinary shares of 25p each
at a placing price of 260p per share
Wynnstay, the Wales based manufacturer and supplier of agricultural products and
services, is pleased to announce that it has today, through Shore Capital
Stockbrokers Limited, arranged the placing of 493,000 new ordinary shares at a
placing price of 260p with institutional investors, raising approximately
£1.28 million before expenses for the Group.
The placing was arranged as a result of significant institutional interest in
Wynnstay's agricultural businesses and fully utilises Wynnstay's existing
authorities to issue new ordinary shares for cash. The new ordinary shares will
rank pari passu in all respects with the existing ordinary shares and their
admission to trading on AIM is expected to take place on 19 November 2007.
The proceeds from the placing will be used to fund the Group's strategy of
growth organically and by acquisition.
Mr Bernard Harris, Managing Director of Wynnstay, said:
'We are delighted with the strong interest we have had in our business from a
number of blue chip institutions and we very much welcome our new shareholders.'
For more information please contact:
Bernard Harris, Wynnstay Group plc Tel: 01691 828 512
Guy Peters, Shore Capital Tel: 020 7408 4090
David Youngman, WH Ireland Tel: 0161 832 2174
Katie Tzouliadis, Biddicks Tel: 020 7448 1000
This information is provided by RNS
The company news service from the London Stock Exchange
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