Ambrian PLC Completion of Fundraising and Board Appointment (5722C)
October 16 2015 - 8:49AM
UK Regulatory
TIDMAMBR
RNS Number : 5722C
Ambrian PLC
16 October 2015
Ambrian plc
("Ambrian" or the "Company")
Completion of Fundraising and Board Appointment
On 30 September 2015, Ambrian announced a fund raising through
the issue of convertible loan notes and warrants (the
"Fundraising"). The Company announces that the resolution proposed
at its General Meeting today was passed by shareholders and,
accordingly, the Fundraising has now been completed.
The total amount raised by Ambrian pursuant to the Fundraising
is GBP2,667,000 (before expenses). An aggregate of GBP2,667,000
nominal of convertible loan notes and an aggregate 33,337,500
warrants will be issued to investors on completion today.
Ambrian also announces the appointment of Charles Davies as a
non-executive director of the Company with immediate effect.
Following on from the appointment of Martin Abbott last week, the
Ambrian board has now been strengthened by the addition of these
two new non-executive directors.
Charles Davies founded and built The Link Asset & Securities
Co Ltd into a world leading interdealer brokerage firm and sold it
to ICAP plc in 2008. Since 2012, Charles has focused on building
Edgebold JLT which is involved in construction, real estate, ship
supply services and transport in Mozambique. He is also a major
shareholder of Ambrian.
Robert Adair, Chairman of Ambrian, commented:
"I am delighted with the support we have received in the
Fundraising and the Group is now well placed to deliver an improved
performance for our shareholders. I am also very pleased to welcome
Charles to the board. We believe that his considerable experience
will benefit the Group as it diversifies into industrial assets to
complement and strengthen our core physical marketing and value
added activities. "
For further information, please contact:
Ambrian plc
Roger Clegg +44 (0)20 7634 4700
Cenkos Securities plc
Neil McDonald +44 (0)131 220 9771
Nick Tulloch +44 (0)131 220 9772
In relation to the appointment of Mr Davies, the Company
confirms that there is no further information to be disclosed under
paragraph (g) of Schedule 2 of the AIM Rules for Companies save as
disclosed below:
Full Name: Charles Simon Hartley Davies
Age: 45
Current Directorships / Partnerships Cerno Capital LLP
in the last 5 years: Edgebold JLT
Bolder SA
First Cargo SA
ASAP Lda
First Base Promotores SA
First Base Lda (Limitada)
Previous Directorships / Partnerships Edgebold Capital LLP
in the last 5 years: Edgebold Holdings Ltd
The Link Asset & Securities
Co Ltd
Linkbrokers Derivatives Corporation
Inc
Link Securities (Hong Kong)
Ltd
Current Shareholding in the Company: 27,018,854 Ordinary Shares
(11.12%)
Notes to Editors
Ambrian is active in the physical trading of industrial metals
and minerals. It sources and supplies a variety of commodities to
end users all over the world. Supported by its offices in London,
Shanghai, Taiwan, Singapore and a network of agents in North and
South America, Asia and the Middle East, Ambrian provides producers
and consumers with its marketing insight whilst emphasizing the
financing and risk management aspect of its trading and logistic
activities. Ambrian is also active in the cement business through
its majority interest in a clinker grinding facility in Mozambique.
Ambrian is quoted on the AIM market of the London Stock Exchange
under the ticker symbol AMBR.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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