Issue of Equity
31 Maggio 2007 - 2:30PM
UK Regulatory
RNS Number:5219X
Medsea Estates Group PLC
31 May 2007
Medsea Estates Group plc 31 May 2007
Medsea Estates Group plc
("Medsea" or "the Company")
Placing of New Shares to Raise #700,000
Medsea Estates Group PLC, the AIM-listed Spanish-based estate agency group, is
pleased to announce the successful completion of a placing of new ordinary
shares in the Company.
The Company has raised #700,000, before expenses, through a placing of 7,000,000
new ordinary shares of #0.1 each ('New Shares') at a price of 10 pence per share
(the 'Placing Price') with new investors (the 'Placing').
In addition the Company has issued 350,000 new ordinary shares of #0.1 each at a
price of 10 pence per share to HB Corporate in lieu of fees.
Application will be made for the New Shares to be admitted to trading on AIM and
dealings are expected to commence on or around 5 June 2007.
The use of the net proceeds will be used to finance working capital, enhance the
Company's brand internationally and facilitate future acquisitions.
Following the issue, the Company has 77,979,412 Ordinary Shares in issue.
Two of the directors of the Company acquired shares as a result of the issue:
Mr. Kenneth Burrage: 350,000 Ordinary Shares
Mr. Graham Jeffs: 50,000 Ordinary Shares
Directors' interests in the shares of the Company now represent the following
percentages of the issued Ordinary Share capital:
+------------------------+------------------------+------------------------+
| Director | Number of Shares | Percentage of Issued |
| | | Ordinary Share Capital |
+------------------------+------------------------+------------------------+
|Mr. Tony Gatehouse and | 54,602,746 | 70.02% |
|beneficial holdings | | |
+------------------------+------------------------+------------------------+
|Mr. Juan-Carlos Martinez| 9,636,194 | 12.36% |
+------------------------+------------------------+------------------------+
|Mr. Kenneth Burrage | 350,000 | 0.45% |
+------------------------+------------------------+------------------------+
|Mr. Graham Jeffs | 50,000 | 0.06% |
+------------------------+------------------------+------------------------+
For further information please contact:
HB Corporate
Imran Ahmad/ Ed Hutton/ Rachel Kane +44 (0) 20 7510 8600
Weber Shandwick Financial
Terry Garrett/ Alex White/ John Moriarty +44 (0) 20 7067 0700
This information is provided by RNS
The company news service from the London Stock Exchange
END
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