TOU Touch Grp

    RNS Number : 1108L
  Touch Group PLC
  06 January 2009
   

    6 January 2009

    Touch Group plc (the "Touch" or the "Company")

    Institutional Fundraising


    Touch Group plc is pleased to announce that it has successfully raised �0.2 million by way of a placing of 6,666,667 new Ordinary Shares
of 1p each (the "Placing") in the capital of the Company at 3p per Ordinary Share with Herald Investment Management.

    The proceeds of the fundraising will be used to finance the development of the Company's Medical Education and Communications Division.

    The new Ordinary Shares will rank pari passu in all respects with the existing issued ordinary share capital of the Group and
application has been made for the admission to AIM of the new Ordinary Shares and trading is expected to commence on Friday 9 January 2009.

    Following the Placing, the issued share capital of the Company will increase by 6.0% to 117,858,588 Ordinary Shares of 1p each. In
accordance with the Disclosure and Transparency Rules, the Company confirms that its issued share capital as at the date of this
announcement comprises 117,858,588 Ordinary Shares of 1p each. This figure may be used by shareholders 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 Touch under the Disclosure and Transparency Rules.

    For further information please contact:


    Touch Group plc 
    Vincent Isaacs 
    Executive Chairman 

    Tel: 020 7452 5222


    Shore Capital and Corporate
    Nominated Adviser to the Company
    Dru Danford
    Edward Mansfield

    Tel: 020 7408 4090


This information is provided by RNS
The company news service from the London Stock Exchange
 
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