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Keycom PLC (KCO)

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Thursday 23 September, 2010

Keycom PLC

Placing

RNS Number : 1408T
Keycom PLC
23 September 2010
 



23 September 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 has since confirmed that a further 10,000,000 shares had been issued at 2.0p per share following the receipt of a further £200,000.  The Company confirms that the final committed equity injection of £100,000 has now been made 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 22 September 2010.

 

That completes the issue of the 96,000,000 shares announced on 6 July 2010.

 

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. 

 

Substantial holdings in the shares, in excess of 3%, of the Company are now as follows:

 

          Cenkos Channel Islands Nominee                                20.4%

          University Superannuation Scheme                             18.9%

          Forest Nominees Limited                                              12.4%

          Leslie T Halpin                                                             12.4%

          Hargreave Hale Nominees Limited                                 5.8%

          BNY (OCS) Nominees Limited                                        5.3%

 

 

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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