Fund Raising
12 December 2003 - 6:30PM
UK Regulatory
RNS Number:1813T
DawMed Systems PLC
12 December 2003
Embargoed until 07.30 hours on Friday 12 December 2003
DAWMED SYSYTEMS PLC ("DawMed" or "Company")
Fund Raising
DawMed has agreed to issue a total of 2,400,000 new Ordinary Shares of 5p each
to institutional and other investors at a price of 22.5p per share, raising a
total of #540,000 (before expenses). The proceeds of the issue will be used for
the prime purpose of further expanding the marketing and sales of the new DawMed
"Clinic" bench-top washer disinfector and the support services department, but
also to provide additional working capital.
The new Ordinary Shares will rank pari passu with the existing Ordinary Shares
in issue and application will be made for the new Ordinary Shares to be admitted
to trading on the Alternative Investment Market.
The new Ordinary Shares are being issued as follows:
Subscriber Number
Hoodless Brennan & Partners PLC 1,000,000
Phoenix VCT PLC 450,000
The Bioscience VCT PLC 450,000
City Equities Limited 500,000
________
Total 2,400,000
12 December 2003
For information:
Kevin Gilmore 01789 450075
Roland Cornish (Beaumont Cornish Limited) 0207 628 3396
Rosie Brown (Tavistock Communications) 0207 020 3150
This information is provided by RNS
The company news service from the London Stock Exchange
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