Information  X 
Enter a valid email address

Webb Capital Plc (WCAP)

  Print      Mail a friend

Friday 21 October, 2011

Webb Capital Plc

Proposed Placing of New Ordinary Shares

                     FOR IMMEDIATE RELEASE 21 October 2011                     

                               Webb Capital PLC                                

                       ("Webb Capital" or "the Company")                       

                    PROPOSED PLACING OF NEW ORDINARY SHARES                    

The Board of Webb Capital announces that it has received irrevocable
commitments to a placing to subscribe for 1.33 million new Ordinary Shares of
10p each of the Company at a price of 15p per Ordinary Share to raise
approximately £200,000 (the "Proposed Placing"). The Board considers that this
additional capital would provide further working capital headroom in the
Group's budget and enable it to better take advantage of opportunities which
are becoming available. As part of this Proposed Placing, certain Directors are
subscribing for not less than 465,000 new Ordinary Shares.

A further announcement will be made in due course.

The Directors of the Issuer accept responsibility for this announcement

Webb Capital PLC                                                           
Peter Webb - CEO                       Tel: 0207 634 9510                  
Daniel Stewart & Company plc                                               
Paul Shackleton/Noelle Greenaway       Tel: 020 7776 6550                  
Martin Lampshire, Head of Broking                                          
Media Enquiries                                                            
Buchannan Communications                                                   
Tim Anderson, Lisa Baderoon            Tel: 0207 466 5000

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