Issue of Equity
December 18 2009 - 1:00AM
UK Regulatory
TIDMAGLD
RNS Number : 3320E
Allied Gold Limited
18 December 2009
Not for distribution to United States newswire services
or for
dissemination in the United States
FOR IMMEDIATE RELEASE 7.00am 18 December 2009
allied gold limited
("Allied", "Allied Gold" or "the Company")
Issue of Equity
Allied Gold Limited ("Allied Gold" or the "Company") (TSX:ALG; ASX:ALD;
AIM:AGLD) is pleased to announce that it has issued and allotted 456,699,000 new
Ordinary Shares (the "Shares") in connection with its previously announced
offering at a price of C$0.335 per share (or, for settlement in the United
Kingdom, 19.4p per share) whereby raising approximately GBP88 million or A$160
million (the "Offering").
The Shares will rank pari passu with all existing ordinary shares, and trading
of the Shares on AIM is expected to commence on 18 December 2009. This brings
the total shares in issue to 1,035,412,865 (the "Enlarged Share Capital") and
total Options over Ordinary Shares to 83,624,427, representing approximately
8.07% of the issued share capital.
As part of the Offering M&G Investments Plc, a 16.22% shareholder in Allied Gold
by virtue of their holding of 93,839,177 Ordinary Shares, have subscribed for
an additional 107,400,000 new Ordinary Shares at 19.4p per share. This is a
related party transaction under the AIM Rules and therefore the Directors,
having consulted the Company's Nominated Adviser, Beaumont Cornish Limited,
consider that the terms of the transaction are fair and reasonable insofar as
the Company's Shareholders are concerned.
Following the completion of the offering M&G Investments Plc hold 201,239,177
Ordinary Shares representing 19.44% of Allied's Enlarged Share Capital.
In addition, as a result of the Offering, Baker Steel Capital Managers hold
110,872,187 Ordinary Shares representing 10.71% of Allied's Enlarged Share
Capital, Capital Research Global Investors hold 74,040,274 Ordinary Shares
representing 7.15% of Allied's Enlarged Share Capital, Fidelity (Institutional
Group) hold 51,214,755 Ordinary Shares representing 4.95% of Allied's Enlarged
Share Capital and JP Morgan Asset Management UK Ltd hold 34,265,465 Ordinary
Shares representing 3.31% of Allied's Enlarged Share Capital .
For further information, contact:
Allied Gold Limited
Mark Caruso
Executive Chairman
T:+61 8 93533638
Frank Terranova
Chief Financial Officer
T: +61 7 3252 5911
M: +61 448 187 557
E: fterranova@alliedgold.com.au
Peter Torre
Company Secretary
T: +61 8 9287 4604
E: peter@torrecorporate.com.au
Beaumont Cornish Limited
Roland Cornish
Beaumont Cornish Limited
T: +44 (0) 20 7628 3396
This information is provided by RNS
The company news service from the London Stock Exchange
END
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