Further details on the Fundraising
02 Luglio 2009 - 1:02PM
UK Regulatory
TIDMHDD
RNS Number : 0156V
Hardide PLC
02 July 2009
Hardide plc ('Hardide' or 'the Company')
Further details on the Fundraising
Further to the announcement this morning regarding the above, the Company would
like to draw attention to the fact that the Fundraising, which is subject to
shareholder approval at the general meeting to be held on 17 July 2009 and
certain other conditions, comprises a placing of 311,066,667 new ordinary shares
in the Company at 0.3p per share (the "Placing Price") to raise GBP933,200 and
the issue of a new loan note, convertible into new ordinary shares at a 50%
premium to the Placing Price, of GBP633,000. Thus new funds into the Company
total GBP1,566,200. In addition, loans totalling GBP1 million, also subject to
shareholder approval and certain other conditions, are being converted into new
ordinary shares at the Placing Price. This information is contained within the
announcement made this morning, and further details of this and the General
Meeting, Share Reorganisation and Grant of Options are set out in the circular
which has been posted to shareholders and which is also available on the
Company's website: www.hardide.com.
For further information:
+-------------------------------------------+----------------------------+
| Hardide plc | |
+-------------------------------------------+----------------------------+
| Graham Hine, Chief Executive Officer | Tel: +44 (0) 1869 353 830 |
| Jackie Robinson, Head of Communications | |
+-------------------------------------------+----------------------------+
| jrobinson@hardide.com | www.hardide.com |
+-------------------------------------------+----------------------------+
+-------------------------------------------+----------------------------+
| Seymour Pierce Limited | |
+-------------------------------------------+----------------------------+
| Nicola Marrin, Corporate Finance | Tel: +44 (0) 20 7107 8000 |
+-------------------------------------------+----------------------------+
| nicolamarrin@seymourpierce.com | www.seymourpierce.com |
+-------------------------------------------+----------------------------+
Media enquiries:
+-------------------------------------------+----------------------------+
| Abchurch | |
+-------------------------------------------+----------------------------+
| Chris Lane / George Parker | Tel: +44 (0) 20 7398 7719 |
+-------------------------------------------+----------------------------+
| george.parker@abchurch-group.com | www.abchurch-group.com |
+-------------------------------------------+----------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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