Issue of Equity and Debt
November 16 2006 - 10:31AM
UK Regulatory
RNS Number:2326M
Aquilo PLC
16 November 2006
Aquilo Plc
Issue of Shares and Loan Notes
Aquilo Plc ("the Company") today announces that it has raised a total of
#450,000 for working capital purposes through both the issue and allotment of
9,375,000 ordinary shares at 1.2p per share, raising #112,500 gross, and the
issue of fixed rate unsecured loan notes, with a nominal value of #337,500, both
to existing shareholders.
The Company has applied for the 9,375,000 ordinary shares to be admitted to
trading on AIM and admission is expected to occur on Wednesday 22 November 2006.
The Company now has a total of 446,844,900 shares in issue.
The unsecured loan notes carry a fixed 8% annual interest rate, with a duration
of five years, which accrues daily on a basis of a 365 day year and is payable
on 6 November each year.
The ordinary shares referred to above are the ordinary shares of 1p each in the
Company.
Clive Nicholls, Chief Executive of Aquilo Plc said:
"We are very pleased to have secured this provision of working capital and this
continued support of our institutional shareholders underpins the value for all
the stakeholders in the business"
Enquiries:
Clive Nicholls, Chief Executive Officer, Aquilo plc 020 3008 5514
Crispin Burdett, Company Secretary, Aquilo plc 020 3008 5515
Alasdair Robinson, Noble & Company Limited 0131 225 9677
This information is provided by RNS
The company news service from the London Stock Exchange
END
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