Boston International Holdings PLC Issue of Equity (9485D)
May 02 2017 - 10:02AM
UK Regulatory
TIDMBIH
RNS Number : 9485D
Boston International Holdings PLC
02 May 2017
03 May 2017
Boston International Holdings plc
("BIH" of the "Company")
Issue of Equity
Boston International Holdings plc, a special purpose acquisition
company (SPAC) formed to undertake one or more acquisitions of
target companies or businesses in the FX sector, is pleased to
announce that certain investors of Cornhill Capital have invested
GBP50,000 in the Company by directly subscribing for 1,000,000 new
ordinary shares of GBP0.01 ("Ordinary Shares") at a price of 5
pence per share.
Accordingly, application has been made for the 1,000,000 new
Ordinary Shares to be admitted to trading and it is expected that
admission will take place on or around 7(th) May 2017.
The new Ordinary Shares will rank pari passu with the existing
Ordinary Shares of the Company.
Warrants over 1,000,000 Ordinary Shares for a period of five
years at the placing price will be granted to Cornhill Capital on
settlement of the placing.
Total Voting Rights
Following Admission, the Company's enlarged issued share capital
will comprise 30,620,948 Ordinary Shares with one voting right per
Ordinary Share. No Ordinary Shares are held in Treasury. The total
number of voting rights in the Company is therefore 30,620,948.
This figure of 30,620,948 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules.
ENDS
Boston International Holdings (BIH) is a special purpose
acquisition company (SPAC) listed on the standard segment of the
official list, with shares traded on the main market of the London
Stock Exchange. BIH is seeking to acquire a business operating in
the foreign exchange (FX) sector. Following the acquisition, BIH
intends to seek re-admission of the enlarged group to trading on
the London Stock Exchange or admission to another stock
exchange.
Enquiries:
Yellow Jersey PR Limited (Financial PR)
Charles Goodwin / Joe Burgess
Tel: +44 203 735 8825
Cornhill Capital Limited (Broker)
Nick Bealer
+44 203 700 2500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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