Issue of shares (3562O)
16 September 2011 - 4:00PM
UK Regulatory
TIDMLZM
RNS Number : 3562O
LonZim PLC
16 September 2011
16 September, 2011
LONZIM PLC
("LonZim" or the "Company")
Issue of shares
The Company is delighted to announce that it has raised
GBP917,341 from Consilium Emerging Market Return Master Fund
("Consilium") via a placing of 3,988,439 shares of 0.01 pence each
at a price of 23 pence per share (the "Placing").
The Placing has raised GBP917,341 (before expenses) and will
provide working capital for the Group's existing businesses and
will provide the Company with the ability to continue implementing
its investment strategy.
Consilium is a substantial shareholder in the Company and
therefore its participation in the placing is a related party
transaction for the purposes of the AIM Rules for Companies. Having
consulted with WH Ireland, the nominated advisor to the Company,
the directors of the Company consider the terms of Consilium's
participation in the Placing to be fair and reasonable in so far as
all the shareholders of the Company are concerned.
The Placing shares have been unconditionally placed save as to
their admission to trading on AIM. Application will be made for
admission of the placing shares to trading on AIM and admission is
expected to take place on 23 September 2011.
Following admission to trading on AIM, the Company's total
issued share capital will be 58,133,908 ordinary shares. The
placing shares will represent approximately 6.86% of the Company's
enlarged issued share capital.
The above figure of 58,133,908 ordinary shares represents the
total voting rights in the Company and may be used by shareholders
in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or a change to their interest in, the share capital of the
Company under the Financial Service Authority's Disclosure and
Transparency Rules.
LonZim Plc
+44 (0) 7881 825
David Lenigas Executive Chairman 378
+44 (0) 7717 307
Geoffrey White Chief Executive Officer 308
+44 (0) 7833 054
David Armstrong Finance Director 693
WH Ireland Ltd: Nomad and Broker
James Joyce +44 (0) 20 7220 1666
Pelham Public Relations
Charles Vivian +44 (0) 20 7337 1538
+44 (0) 7977 297
903
James MacFarlane +44 (0) 20 7337 1527
+44 (0) 7841 672
831
This information is provided by RNS
The company news service from the London Stock Exchange
END
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