Information  X 
Enter a valid email address

Keycom PLC (KCO)

  Print      Mail a friend

Friday 27 January, 2012

Keycom PLC

Equity Offering


                                  Keycom plc                                   

                          ("Keycom" or the "Company")                          

        Fully underwritten placing to raise approximately £1.5 million         

Keycom announces its intention to place 150,000,000 new ordinary shares in the
Company at 1.0 pence per ordinary share to institutional and other investors on
a non-pre-emptive basis to raise approximately £1.5 million (before expenses)
(the "Placing"). The Placing has been fully underwritten by Mr Les Halpin, a
director and shareholder of the Company.

The Company intends to use the net proceeds of the Placing to provide the
Company with working capital to fund the future growth of its military
business. Rod Matthews (Chairman), Meri Braziel (CEO) and Graham Robertson
(Finance Director) have all confirmed that they will participate in the
Placing.

The precise participation by shareholders will not be finalised and completion
of the Placing will not take place until after the Company's Annual General
Meeting, being held on Thursday 16 February 2012.

Rod Matthews, Chairman of Keycom said:

"This Placing will enable the acceleration of the implementation of our
services into further military bases and accordingly we believe that the
Placing is in the best interests of the shareholders as a whole."

For further information contact:

Keycom plc                                       Tel: 07775 755500          
                                                                            
Rod Matthews                                     Tel: 01785 717411          
                                                                            
Graham Robertson                                                            
                                                                            
IAF Capital Limited                              Tel: 020 7036 6700         
                                                                            
Catherine Stott/Gary Pinkerton                                              

THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS
ANNOUNCEMENT

THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION,
RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR ANY
OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE
UNLAWFUL

Neither this Announcement nor any part of it constitutes an offer to sell or
issue or the solicitation of an offer to buy, subscribe or acquire any new
ordinary shares in any jurisdiction in which any such offer or solicitation
would be unlawful.

a d v e r t i s e m e n t