RAM Active Media PLC Placing and Issue of Equity (8315H)
25 June 2013 - 11:44PM
UK Regulatory
TIDMRAM
RNS Number : 8315H
RAM Active Media PLC
25 June 2013
25 June 2013
RAM ACTIVE MEDIA PLC
("RAM" or the "Company")
Placing and Issue of Equity
The Board of RAM Active Media plc ("RAM") announces that it has
placed GBP300,000 with an existing shareholder (the "Existing
Shareholder") at a price of 4p per new ordinary share for working
capital needs.
Application will be made for 7,500,000 new ordinary shares in
RAM, which, when issued will rank pari passu with the existing
ordinary shares in issue and application will be made for such new
ordinary shares to be admitted to trading on AIM. This is expected
to be on or about 1 July 2013.
The Company continues to work on a more substantial equity
raising to restructure its balance sheet and allow it to make the
capital investments needed for its business plan. Should the
eventual placing be achieved at a placing price lower than 4p per
new ordinary share, the Existing Shareholder will have the right to
be allotted such number of additional new ordinary shares as if the
placing announced today had taken place at that eventual placing
price.
RAM Active Media plc
Richard Prosser 0207 518 4303
Libertas Capital Corporate
Finance Limited
Sandy Jamieson, Thilo Hoffman 0207 569 9650
This information is provided by RNS
The company news service from the London Stock Exchange
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