VSA Vsa Capital Grp

TIDMVSA

RNS Number : 0934V

VSA Capital Group PLC

05 January 2012

VSA Capital Group plc

("VSA Capital Group" or "the Company") (AIM:VSA)

5 January 2012

FURTHER RE: SHARE PLACING

On 8 December 2011 VSA Capital Group, the AIM listed natural resources focused specialist corporate finance advisory and broking firm, announced that it had successfully raised GBP539,077 before expenses by way of a placing of 8,984,609 new ordinary shares of 0.2p each in the capital of the Company ("Ordinary Shares") at 6 pence per new Ordinary Share, the then current mid-market price.

Of the new Ordinary Shares, 149,602 new Ordinary Shares were due to be issued to Serata Holdings Limited, the former parent company of VSA Capital Limited under the terms of the sale and purchase agreement relating to the latter company. It has now come to the attention of the directors of the Company that Serata Holdings Limited was dissolved on 19 July 2011 and, accordingly, the 149,602 new Ordinary Shares scheduled to be issued to that company will not now form part of the Placing.

ADMISSION TO TRADING ON AIM

As a result, a revised total of 8,835,007 new Ordinary Shares will be issued pursuant to the Placing, raising GBP530,100, these new Ordinary Shares will rank pari passu in all respects with the existing issued ordinary share capital of the Company. Application has been made for the new Ordinary Shares to be admitted for trading on AIM and trading is expected to commence on 9 January 2012.

HOLDINGS ON COMPLETION OF THE PLACING

Set out below are the interests of the directors in the Company's issued share capital following completion of the Placing:

 
                                            Aggregate        %    Aggregate        % 
                                            interests             interests 
                                         prior to the             after the 
                                              Placing               Placing 
 Lyndon Chapman    Non-Exec Chairman          250,000    0.72%      250,000    0.57% 
 Monk, Andrew      Chief Executive          4,150,000   11.91%    5,400,000   12.36% 
 Peter Joy         Finance Director           500,000    1.44%      500,000    1.14% 
 

TOTAL VOTING RIGHTS

Following the admission of the new Ordinary Shares, the issued share capital of the Company will increase by 25.36 per cent. to 43,675,997 ordinary shares of 0.2p each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules (as applied to the Company by AIM Rule 17).

For further information, please contact:

VSA Capital Group plc

Andrew Monk, CEO or Peter Joy, FD                                 0203 005 5000 

Shore Capital and Corporate Limited

Bidhi Bhoma or Toby Gibbs                                              020 7408 4090 

Rivington Street Corporate Finance

Jon Levinson                                                                         020 7562 3357 

NOTES TO EDITORS

VSA Capital Group plc is an international investment banking and institutional broking group headquartered in London. Via its subsidiary, VSA Capital Limited, the group provides corporate finance, broking, research, sales and capital raising capabilities to companies in the natural resources sectors; Oil & Gas, Mining, Agriculture and Timber. VSA Capital Limited is authorised and regulated by the FSA and advises companies listed in London (AIM and the Main Market), Canada (TSX) Australia (ASX) and the USA (OTCBB) with assets on every continent. The firm currently has 18 retained corporate clients with an aggregate market value of over $1bn.

This information is provided by RNS

The company news service from the London Stock Exchange

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