Issue of Equity (2760A)
28 Marzo 2012 - 2:58PM
UK Regulatory
TIDMACHP
RNS Number : 2760A
Asia Ceramics Holdings PLC
28 March 2012
Asia Ceramics Holdings plc
('Asia Ceramics' or 'the Company')
Equity Placement
Asia Ceramics is pleased to announce that it has entered into an
agreement for the issue 678,627 new ordinary shares of 0.5p at a
price of 72.5 pence per share ('New Shares') for gross proceeds of
GBP492,004 with Better Group (Holding) Co. Ltd.
The New Shares will be issued fully paid and rank pari passu in
all respects with the Company's existing ordinary shares in issue.
Following Admission the Company's total issued share capital will
be 10,990,071 ordinary shares. The New Shares will represent
approximately 6.17% of the enlarged issued share capital of the
Company. For the purposes of calculating Total Voting Rights
shareholders may use the number 10,990,071 as the total number of
shares in issue from the date of Admission.
Application will be made for the New Shares to be admitted to
trading on AIM. It is expected that Admission will become effective
and that dealings in the new shares will commence on 5 April 2012
on AIM.
Enquiries
Frank Lewis , Chairman Asia Ceramic Holdings plc Tel: 07785 273 111
Shawn Wu, CFO Asia Ceramics Holdings Tel: 86-10-68531389
plc
James Joyce WH Ireland Limited Tel: 020 7220 1666
This information is provided by RNS
The company news service from the London Stock Exchange
END
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