Craven House Capital PLC Cash placing of $3 million (6972P)
November 21 2016 - 2:57AM
UK Regulatory
TIDMCRV
RNS Number : 6972P
Craven House Capital PLC
21 November 2016
21(st) November 2016
Craven House Capital plc ("Craven House" or the "Company")
Cash placing of 240,000 new ordinary shares at $12.50 per
share
Craven House Capital (AIM: CRV) announces that it has raised
$3,000,000 in cash (before expenses), through a placing (the
"Placing") of 240,000 new ordinary shares of $1.00 each in the
Company ("Placing Shares") at a price of $12.50 per Placing Share
("Placing Price").
The net proceeds of the Placing will be used to further execute
the Company's investment policy. A number of prospective investment
opportunities in our target markets are currently under evaluation
and further updates will be provided to the market in due
course.
Further to previous announcements, the Company is continuing its
discussions with additional prospective investors with regard to
making investments in the Company via further subscriptions for new
shares and updates will be provided to the market in due
course.
Application will be made for the Placing Shares, which will rank
pari passu with the existing ordinary shares in the Company, to be
admitted to trading on AIM. It is expected that Admission will
become effective and dealings will commence at 8.00 a.m. on 25
November 2016.
Following Admission the total issued share capital will consist
of 2,464,362 ordinary shares. As such the total number of voting
rights in the Company will be 2,464,362 ordinary shares. This
number may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure and Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Ends
For further information please contact:
Craven House Capital Plc Tel: 020 7002 1027
Mark Pajak
www.Cravenhousecapital.com
SI Capital Tel: 01483 413500
Broker
Nick Emerson
www.sicapital.co.uk
SPARK Advisory Partners Tel: 0203 368 3550
Limited
Nominated Adviser
Matt Davis/Mark Brady
www.Sparkadvisorypartners.com
About Craven House Capital:
Craven House Capital is a frontier and emerging market focused
merchant bank seeking value oriented long term investments. Craven
House invests in all segments of the capital structure in
partnership with local entrepreneurs and the local business
community. Craven House provides long term patient capital and is
often involved in restructuring, expansion and turn around
investments in crisis and transitioning economies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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