Information  X 
Enter a valid email address

Warthog PLC (WHOG)

  Print   

Thursday 08 April, 2004

Warthog PLC

Result of Equity Issue

Warthog PLC
08 April 2004


Not for release, publication or distribution in or into the United States of
America, Canada, the Republic of Ireland, the Republic of South Africa,
Australia, or Japan or their respective territories.

8 April 2004

                                  WARTHOG PLC
  3 for 2 Rights Issue of 73,562,166 New Ordinary Shares at 2 Pence per Share
                   8,500,000 Unsubscribed Rights Shares Placed

The Board of Warthog plc is pleased to announce that of the balance of the
non-underwritten rights issue, 8,500,000 New Ordinary Shares have now been
placed primarily with institutional investors.

These shares were placed at the rights price of 2 pence per share. Consequently,
there are no net proceeds which fall to be distributed to Qualifying
Shareholders who did not take up their entitlements in accordance with the terms
of the Rights Issue.

It is expected that definitive certificates in respect of the new ordinary
shares will be despatched to those shareholders taking up the rights by 15 April
2004, with CREST accounts being credited today.

Enquiries:


Warthog plc                                                       0161 608 1200
Steven Law (Chief Operating Officer) 
Simon Elms (Chief Financial Officer)

Merlin                                                            020 7653 6620
David Simonson / Kirsty Black

Acorn Corporate Finance Limited                                   0870 122 5420
Harry Dutson


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

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