TRV Treveria

TIDMGWIK

RNS Number : 9478H

Glenwick PLC

03 December 2015

GLENWICK PLC

(the "Company")

Issue of Equity

Further to the announcement made on the 29 October 2015, the Board of Glenwick PLC is pleased to announce that, following further demand from professional investors, the Company, through its broker Peterhouse Corporate Finance Limited, has raised a further GBP250,000 through the placing of 250,000,000 new ordinary shares of no par value each in the Company ("Placing Shares") at a price of 0.1 pence per share.

The proceeds of the placing will be used to increase the cash reserves of the Company as the Board seeks to accelerate the implementation of Glenwick's investment strategy.

Application will be made for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 9 December 2015. Following the placing, the issued share capital of the Company will be 1,375,911,549. The shares issued in the placing will rank pari passu with the existing ordinary shares.

The above figure of 1,375,911,549 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, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information please contact:

 
 FIM Capital Limited 
 Graham Smith                                           +44 1624 681 250 
 Allenby Capital Limited (Nominated Adviser and 
  Joint-Broker) 
  John Depasquale                                         +44 203 328 5656 
 Peterhouse Corporate Finance Limited (Joint-Broker) 
  Lucy Williams / Heena Karani                            +44 207 469 0933 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 03, 2015 10:50 ET (15:50 GMT)

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