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RNS Number : 9626C

Brookwell Limited

15 March 2011

15 March 2011

BROOKWELL LIMITED

Result of Placing

The Company is pleased to announce that 328,281 D Shares have been placed, subject to admission to trading on AIM, pursuant to the Supplemental Placing described in the Admission document dated 21 January 2011. Application has been made to the London Stock Exchange for these shares to be admitted to trading on AIM. It is expected that trading will become effective and dealings will commence at 8.00 a.m. on 17 March 2011.

Following the commencement of trading of the above shares the Company will have in issue 418,858 B Shares and 16,424,372 D Shares.

The aggregate value of the D Shares issued in the Placing was GBP16,424,372 at the Placing Price of 100p per D Share. The Company acquired securities in a total of 76 companies of which 62 are AIM companies, 3 are PLUS companies and 11 are companies listed on the Official List.

Christopher Clark, Chairman, said:

"We thank placees, both investors in earlier Brookwell issues and those who are new shareholders in Brookwell, for their participation in the D Share issue."

Robert Legget, Managing Director of Progressive AIM Realisation Limited, the Company's investment manager, said:

"We are pleased to have received support from 19 institutions. We have already begun working to extract liquidity and value from the D Share portfolio."

For further information, please contact:

 
 Brookwell Limited 
  Hannah Girard (Legis Fund Services Limited 
  - Company Secretary)                          01481 726 034 
 Progressive AIM Realisation Limited 
  (Investment Manager) Robert Legget / 
  Ross Courtier                                 020 7566 5550 
 Deloitte LLP (Nominated Adviser) 
  Jonathan Hinton / James Lewis                 020 7936 3000 
 Marshall Securities Limited (Broker) 
  Robert Luetchford / John Webb                 020 7490 3788

Except where the context otherwise requires, capitalised terms have the meaning set out in the definitions contained in the Admission document dated 21 January 2011.

Visit our website www.brookwelllimited.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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