26 April 2017 |
For Immediate
Release |
Anglo African
Agriculture plc
(“AAA” or the “Company”)
Subscription
The Board of Anglo African Agriculture plc (LSE: AAAP), the
London Main board listed food manufacturing and trading company,
today announces that it has raised approximately £120,250 (gross)
(the “Subscription Amount”) by way of subscription of
18,500,000 new ordinary shares of 0.1p each (the “Subscription
Shares”) at a price of 0.65p per Subscription Share.
The Subscription Shares will rank pari passu with the existing
ordinary shares. The Company has made application for admission of
the Subscription Shares and it is expected that admission will
become effective and that dealings in the Subscription Shares will
commence at 8.00am on 4 May 2017.
Following the issue of the Subscription Shares, the Company will
have 206,983,954 shares in issue.
The Subscription proceeds will be used to provide additional
working capital, which will enable the Company to add additional
ingredient stock in to the Dynamic Intertrade factory in order to
meet growing demand for its products.
David Lenigas, Non-Executive Chairman, commented: “We are
pleased to have raised these funds from new investors, which will
allow us to continue building momentum and develop our product
offering”
For further information please
contact:
Anglo African Agriculture
plc |
+44 (0) 20 7440 0640 |
David Lenigas, Non-Executive
Chairman |
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Rob Scott, Non-Executive
Director |
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VSA Capital Limited
(Financial Adviser and Corporate Broker) |
+44 (0) 20 3005 5000 |
Andrew Raca |
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