Issue of Equity
November 30 2007 - 1:00AM
UK Regulatory
30 November 2007
ADWALKER PLC
("Adwalker" or the "Company")
Placing raises �930,000
The Board announces today that it has conditionally raised �930,000, before
expenses, from a Placing by John East & Partners Limited ("JEP") of 62,000,000
ordinary shares in the capital of the Company ("Ordinary Shares") at 1.5p per
share (the "Placing Shares") with institutional and other investors.
The net proceeds of the Placing, amounting to �846,750, will provide additional
working capital to support the expected growth of the Company, repay overdue
trade creditors and provide working capital generally.
Following the issue of the Placing Shares, the Company will have 247,633,087
Ordinary Shares in issue. Application will be made for the Placing Shares to be
admitted to trading on AIM. Dealings in these shares are expected to commence
on 6 December 2007.
Commenting on today's update, Simon Crisp, CEO, said: "The result of this
placing will provide the Company with the necessary resources and working
capital to optimise the opportunities we have created in particular with
respect to the pilot project with a FTSE 100 "Fast Moving Consumer Goods"
company."
Enquiries:
Adwalker plc Tel: +353 (1) 866 9000
Simon Crisp
simon@adwalker.com
John East & Partners Limited Tel: 020 7628 2200
Simon Clements/David Worlidge
Bishopsgate Communications Ltd. Tel: 020 7562 3350
Dominic Barretto
Sophie Davis
sophie@bishopsgatecommunications.com
Notes to Editors:
About Adwalker
The Adwalker mobile out-of-home, interactive media platform is an advertising
and media platform which is worn by its operators (`Adwalkers') as a compact
body pack incorporating an LCD screen, wearable computer, touch screen and
printer, enabling services and applications which include brand advertising,
point-of-sale, data capture and promotions.
Some of Adwalker's blue chip clients to date include Bank Of America, AT&T,BT,
Virgin Music, Volvo, Lufthansa, Motorola, Diageo, Daimler Chrysler, Microsoft,
Paramount Pictures, UIP/Universal Pictures, GSK, Ask.com, 3 Mobile, American
Express, Coors, Unilever, Comcast, O2, Ford, Guinness, Telemundo, British
Airways, Charles Schwab, Jameson's and Sears.
Adwalker's shares were admitted to trading on the AIM market of the London
Stock Exchange in August 2005. (Ticker: AWR) Its headquarters are in Dublin,
with offices in New York and London.
END
Adwalker (LSE:AWR)
Historical Stock Chart
From Sep 2024 to Oct 2024
Adwalker (LSE:AWR)
Historical Stock Chart
From Oct 2023 to Oct 2024