Sealand Capital Galaxy Limited Issue of Equity (0145L)
13 July 2017 - 10:51PM
UK Regulatory
TIDMSCGL
RNS Number : 0145L
Sealand Capital Galaxy Limited
13 July 2017
Not for release, publication or distribution, directly or
indirectly, in whole or in part in or into the United States or any
jurisdiction other than the United Kingdom and the Cayman Islands
where to do so would constitute a contravention of the relevant
laws or regulations of such jurisdiction. This announcement (and
the information contained herein) does not contain or constitute an
offer to sell or the solicitation of an offer to purchase, nor
shall there be any sale of securities in any jurisdiction where
such offer, solicitation or sale would constitute a contravention
of the relevant laws or regulations of such jurisdiction.
13 July 2017
SEALAND CAPITAL GALAXY LIMITED (LSE: SCGL)
("Sealand", "SCGL" or "the Company")
Placing
Sealand today, announces the placing of 3,500,000 ordinary
shares of GBP0.0001 each in the capital of the Company ("Placing
Shares") to certain institutional market makers at GBP0.025 per
Placing Share, raising in aggregate, GBP87,500 (the "Placing"). The
proceeds of the Placing will be used to fund the Company's general
working capital.
The Placing is conditional on admission of the Placing Shares to
the standard segment of the Official List and to trading on the
London Stock Exchange's Main Market for listed securities
("Admission").
The Placing Shares will represent 0.74per cent. of the enlarged
issued share capital of the Company. The Placing Shares will be
fully paid and will rank pari passu in all respects with the
existing ordinary shares of GBP0.0001 each in the Company
("Ordinary Shares") including the right to receive all dividends
and other distributions declared, made or paid after the date of
issue.
Admission to trading and listing
The Company has applied for Admission. It is expected that
Admission will become effective and that dealings in the Placing
Shares will commence at 8.00 a.m. on 19 July 2017. The total number
of Ordinary Shares in issue following completion of the Placing,
and the total number of voting rights, will be 473,500,000.
The above figure of 473,500,000 Ordinary Shares 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, Sealand under the
FCA's Disclosure and Transparency Rules.
Enquiries:
Nicholas Lyth: 07769906686
Notes to Editors:
-- Sealand Capital Galaxy Limited (LSE: SCGL) is engaged in the
investment and acquisition of ITand social media businesses in the
APAC region with high growth potential.
-- Further information on Sealand is available on its website
http://www.scg-ltd.com/
Disclaimer
This announcement contains certain forward-looking statements.
These statements are made by the Company's directors in good faith
based on the information available to them up to the time of their
approval of this announcement but such statements should be treated
with caution due to inherent uncertainties, including both economic
and business factors, underlying such forward-looking information.
This announcement has been prepared solely to provide additional
information to shareholders to assess the Group's strategies and
the potential for those strategies to succeed. This announcement
should not be relied on by any other party or for any other
purpose.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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