Issue of Equity
01 March 2006 - 3:39AM
UK Regulatory
RNS Number:0815Z
SWP Group PLC
28 February 2006
SWP Group plc
Issue of Equity
SWP Group plc ("SWP" or "the Company") announces that it has raised #750,000
(net of expenses) through a placing of 1,250,000 new ordinary shares of 0.5p
each ("New Shares") at a price of 60p per New Share.
These funds will be used by SWP for the retirement of debt as well as the
provision of additional working capital to facilitate a period of rapid sales
expansion.
The New Shares will rank pari passu with all other ordinary shares now in issue.
Application for the New Shares to be admitted to trading on AIM have been made
and dealings are expected to commence on AIM at 08:00 a.m. on 6 March 2006.
The New Shares are equivalent to approximately 7.9 per cent of the Company's
existing issued share capital. Following admission the enlarged issued share
capital of the Company will be 17,019,546 ordinary shares of 0.5p each.
Enquiries:
SWP Group PLC 0207 379 7181
Alan Walker
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEPUURWPUPQGQR
SWP Group (LSE:SWP)
Historical Stock Chart
From Jun 2024 to Jul 2024
SWP Group (LSE:SWP)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Swp Grp. (London Stock Exchange): 0 recent articles
More Swp Group Plc News Articles