Falcon Acquisitions Limited Replacement: Subscription to raise £163,000 (5947B)
June 17 2016 - 8:52AM
UK Regulatory
TIDMFAL
RNS Number : 5947B
Falcon Acquisitions Limited
17 June 2016
The following amends the Falcon Acquisitions Limited
announcement released on 16 June 2016 under RNS number 3235B at
07.00.
The GBP163,000 referred to in the announcement and title was
raised via a Subscription and not via a Placing as was previously
stated. All other details remain unchanged and the full amended
announcement appears below.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA
OR JAPAN.
For Immediate Release
Falcon Acquisitions Limited
("Falcon" or the "Company")
Subscription to Raise GBP163,000
Falcon Acquisitions, the LSE listed investment company focused
on investments in the Over-The-Top services ('OTT') market, is
pleased to announce that it has successfully raised GBP163,000 by
way of a Subscription of 815,000 Ordinary Shares at a price of
GBP0.20 pence per share.
The Company will use the combined proceeds from its Subscription
in April 2016 of GBP2 million and its initial fundraise on
Admission to the LSE in January 2016 of GBP1.95 million (before
costs) to support its acquisition strategy and pursue opportunities
in the rapidly growing OTT market.
Falcon's Executive Chairman, Gert Rieder, said: "This injection
of capital further strengthens our cash position and provides us
with a strong footing to pursue our strategy to identify and
acquire assets in the rapidly growing OTT market. I look forward to
providing further updates in due course."
Details on the Subscription
Falcon has successfully raised GBP163,000 by way of a
Subscription by new investors for 815,000 Shares at a price of
GBP0.20 per share.
Application has been made for the Shares to be admitted to the
Official List and to trading on the London Stock Exchange's main
market for listed securities. It is expected Admission will become
effective and that unconditional dealings will commence on the
London Stock Exchange at 8.00 a.m. on 21 June 2016.
Following this allotment, the total number of ordinary shares
with a nominal value of GBP0.01 each in issue and the total number
of voting rights in the Company is 31,190,100. There are no shares
held in treasury. The figure of 31,190,100 Shares and voting rights
may be used by shareholders in the Company as the denominator for
the calculations by which they can determine if they are required
to notify their interest in, or a change to their interest in, the
share capital of the Company under the FCA's Disclosure and
Transparency Rules.
**ENDS**
For more information visit www.falconacquisitions.com or enquire
to:
Falcon Acquisitions Limited
Gert Rieder +41 79 83 83 119
St Brides Partners Ltd (PR)
Lottie Brocklehurst/ Frank Buhagiar/ +44 (0) 20 7236
Grace-Anne Marius 1177
This information is provided by RNS
The company news service from the London Stock Exchange
END
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