Issue of Equity
20 Juin 2005 - 6:22PM
UK Regulatory
RNS Number:8012N
Crystalband PLC
20 June 2005
Crystalband plc ("the Company")
Placing of 1,250,000 new Ordinary Shares
Further to the fundraising of #500,000 announced on 21 April 2005, the Company
is pleased to announce that it has raised a further amount of approximately
#150,000, before expenses, by way of a placing of 1,250,000 new ordinary shares
of 0.5p each ("Ordinary Shares") at 12p per share ("the Placing"). Application
has been made for the new Ordinary Shares to be admitted to trading on AIM and
dealings are expected to commence on AIM on 24 June, 2005. The shares will rank
pari passu with the existing Ordinary Shares and the enlarged issued share
capital following the Placing will be 27,886,401 Ordinary Shares.
The Placing resulted from interest identified during the fundraising in April
and the proceeds will be used to provide additional working capital.
For further information please contact:
Keith Salisbury, Crystalband plc Tel: +44 (0) 161 831 1512
David Youngman, W.H. Ireland Limited Tel: +44 (0) 161 832 2174
This information is provided by RNS
The company news service from the London Stock Exchange
END
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