Update on convertible preference share issue (9846Y)
08 Mars 2012 - 3:27PM
UK Regulatory
TIDMMBW
RNS Number : 9846Y
Mobilewave Group PLC
08 March 2012
MobileWave Group plc
("MobileWave" or the "Company")
Update on GBP2 Million Convertible Preference Share Issue
As per the RNS announcement of 24 January 2012, the board
reconfirms that the GBP2M Convertible Preference Share issue has
been fully subscribed. The final funding, being $2M from an Asian
based investor, was expected in late February and by mutual
agreement between the parties, is now expected within a month.
The Company continues to aggressively pursue its claim against
Devin Narang and court dates in both India and the United Kingdom
are scheduled for March.
For further information, please contact:
MobileWave Group plc rstear@mobilewave.com
Rory Stear, Chairman
Charles Stanley Securities 020 7149 6000
Nominated Adviser & Broker
Dugald J.Carlean / Carl Holmes
This information is provided by RNS
The company news service from the London Stock Exchange
END
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