Wiggins Group PLC - Re Placing of Shares
02 July 1997 - 2:27AM
UK Regulatory
RNS No 8060c
WIGGINS GROUP PLC
1st July 1997
WIGGINS GROUP PLC
PLACING FOR CASH
1ST JULY 1997
Wiggins Group plc announces that it has placed, conditional on listing
becoming effective, 26,868,000 new ordinary shares of 1p each
representing approximately 4 per cent. of its current issued share
capital.
The net proceeds of this placing will amount to approximately #2.85
million and are being raised to fund an identified acquisition,
further details of which will be announced in due course.
Application has been made for these new ordinary shares, which will
rank pari passu in all respects with the existing ordinary shares, to
be admitted to the Official List. It is expected that listing will
become effective and that dealings will commence on 3rd July 1997.
Enquiries:
Wiggins Group plc Christopher Foster, Director 0171 495 8686
Wiggins Group plc Christine Large 0171 495 8686
0941 147 393
END