Issue of Equity
November 26 2003 - 1:05AM
UK Regulatory
RNS Number:4966S
Gaming Corporation PLC
26 November 2003
Gaming Corporation plc
Issue of Equity
Gaming Corporation plc (the "Company") has today placed 26,000,000 new ordinary
shares of 1p each ("Placing Shares") with certain investors and Directors at a
price of 2p per ordinary share (the "Placing"). The gross proceeds of the
Placing are #520,000 and will be used by the Company to provide additional funds
for acquisitions and the continued growth of the Company's gaming operations.
The following Directors took part in the placing:
Director No. of Placing No. of Ordinary % of Enlarged
Shares Shares held Issued Share
following the Capital
Placing
Jason Drummond 2,750,000 20,559,236 15.5%
Justin Drummond 1,500,000 4,855,487 3.7%
Peter Williams 250,000 4,280,007 3.2%
Charles Black 250,000 5,144,992 3.9%
Damion Greef 250,000 2,561,111 1.9%
The Placing Shares will represent approximately 19.5 per cent. of the Company's
enlarged issued share capital immediately following the Placing. Application
will be made for the Placing Shares to be admitted to trading on AIM and
dealings in the shares are expected to commence on Tuesday 2 December 2003.
As part of the Placing, the Company has agreed to grant Lance Leman warrants
over 1,000,000 shares at an exercise price of 2p per share in connection with
advisory services provided as part of the Placing.
26 November 2003
For additional information, please contact:
Justin Drummond, Gaming Corporation plc
Tel: 020 7349 4300
E-mail: justindrummond@gamingcorp.net
Damion Greef, Gaming Corporation plc
Tel: 07736 381 030
E-mail: damiongreef@gamingcorp.net
Robert Collins, Evolution Beeson Gregory
Tel: 020 7071 4300
E-mail: robert.collins@evbg.com
This information is provided by RNS
The company news service from the London Stock Exchange
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