WESTERN SELECTION PLC - Further Investment
11 Mai 2016 - 4:23PM
PR Newswire (US)
WESTERN SELECTION
P.L.C.
(the “Company”)
Further investment
in Northbridge Industrial Services PLC
The Company announces that, at a general meeting of Northbridge
Industrial Services PLC (“Northbridge”) on 5
May 2016, shareholders approved a share placing and open
offer, details of which were announced by Northbridge on 18 April
2016. New ordinary shares of 10
pence each in the capital of Northbridge which were the
subject of the placing and open offer were admitted to trading on
AIM on 6 May 2016. The Company subscribed for 723,632 new
ordinary shares of 10 pence each in
the capital of Northbridge at a price of 75
pence per new ordinary share under the placing and open
offer.
Following this transaction, the Company now holds 3,223,632
ordinary shares in Northbridge which represents 12.45 per cent of
Northbridge’s enlarged issued share capital.
David Marshall, the Company’s
Non-executive Chairman, is a Non-executive director of
Northbridge.
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