TSEG Tse Grp.

    RNS Number : 6316B
  TSE Group PLC
  19 August 2008
   


    FOR IMMEDIATE RELEASE                                                                              19 August 2008   

    TSE Group Plc
    ("TSE" or the "Company")
    Placing

    The Board of TSE is pleased to announce that through its broker, Dowgate Capital Stockbrokers Limited ("Dowgate"), it  has conditionally
placed 190,000,000 new ordinary shares of 0.1p each ("Ordinary Shares") at a placing price of 0.17p per Ordinary Share (the "Placing") to
raise �323,000 (before expenses) subject to admission. The Company intends to use the Placing proceeds to provide additional working capital
and in particular, to fund TSE's next planned phase of international expansion. With its headquarters in Lausanne, TSE's operations cover
the main regions where major sporting events will be held over the coming six years and intends to extend this into new territories. 

    In addition, the Company will issue a further 10,000,000 new Ordinary Shares to Dowgate pursuant to Dowgate's commission arrangements in
respect of the Placing. The new 200,000,000 Ordinary Shares, arising out of the Placing and the Dowgate commission arrangements, will, on
issue, rank pari passu with the existing Ordinary Shares in issue and application will be made for the new Ordinary Shares to be admitted to
trading on AIM, following which TSE will have a total issued share capital of 783,900,000 Ordinary Shares admitted to trading on AIM.
Trading in the new Ordinary Shares on AIM is expected to commence on or around 29 September 2008. The Placing is conditional, inter alia, on
the passing at a general meeting (the "GM") of the Company of the necessary enabling resolutions to authorise the Company to issue shares
for cash. The Company expects to issue the notice of GM shortly.

    Adam Reynolds, Chairman, said:

    "We are excited about the prospects to continue the international development of TSE and expand our overseas network. The Placing
proceeds will enable TSE to accelerate this process."

    For further information, please contact:

    TSE Group plc 
    Tel: 0207 245 1100
    Paul Foulger, Finance Director
    www.tsegroupplc.com

    Beaumont Cornish Limited
    Tel: 0207 628 3396
    Michael Cornish

    Dowgate Capital Stockbrokers Ltd
    Tel: 01293 517744
    Clive Mattock


    Note to Editors:

    TSE Consulting SA is a wholly owned subsidiary of TSE Group plc, a company traded on AIM, a market operated by the London Stock
Exchange. TSE Group plc will, through increased organic growth and acquisitions over the coming years, become a vertically integrated group
of specialised companies providing high level consultancy services to governments and organising committees. TSE Consulting SA is the
platform upon which the rest of TSE Group plc is based. TSE Group plc is committed to offering the complete range of services for
governments and organising committees involved in major sports events.

    ENDS

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

TSE Group (LSE:TSEG)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024

TSE Group (LSE:TSEG)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024