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Keycom PLC (KCO)

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Wednesday 25 August, 2010

Keycom PLC

Issue of Equity

RNS Number : 5732R
Keycom PLC
25 August 2010
 



25 August 2010

 

 

Keycom plc ("Keycom" or "the Company")

Placing

 

 

The Board of Keycom is pleased to announce that it has raised a further £100,000 in equity.

 

The Company announced a placing of shares on 6 July 2010 of 96,000,000 shares, with 81,000,000 shares issued immediately and a further 15,000,000 to be issued over the subsequent weeks.  The Company confirmed on 29 July 2010 that a further 5,000,000 shares had been issued at 2.0p per share following the receipt of a further £100,000.  The Company confirms that a further equity injection has now been made of £100,000 and accordingly 5,000,000 further ordinary shares have been issued at 2.0 pence per share.   It is expected that these shares will be admitted for trading on PLUS on 25 August 2010.

 

The remaining £100,000, arising from that placing commitment, is committed for subscription over the coming weeks.  The remaining 5,000,000 shares committed at 6 July 2010 will be issued at that time.

 

Following the issue referred to above, the Company's issued share capital is now 611,576,712 ordinary shares of 1p each.

 

The proceeds of the placing will be used to provide additional working capital. 

 

 

Contacts:

 

Keycom plc:

 

Rod Matthews (Executive Chairman and CEO)                        07775 755 500

Graham Robertson (Finance Director)                                     01785 717 411

 

Seymour Pierce

 

Nandita Sahgal                                                                         020 7107 8000

Tom Sheldon                                                                            020 7107 8000

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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