Result of Equity Issue
June 03 2005 - 6:03AM
UK Regulatory
RNS Number:1191N
PGI Group PLC
03 June 2005
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, THE REPUBLIC OF
IRELAND, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA OR JAPAN
PGI Group plc ('the Company')
Result of Rights Issue
PGI Group plc announces that the 43 for 100 Rights Issue of 36,026,999 New
Ordinary Shares at 25 pence per share, as detailed in the prospectus published
by the Company on 18 April 2005, closed at 11:00 a.m. on 2 June 2005.
Valid acceptances have been received in respect of 34,584,562 New Ordinary
Shares from Qualifying Shareholders, which represents an aggregate take-up of
95.9962 per cent.
The New Ordinary Shares will begin trading at 8.00 a.m. on 3 June 2005.
Pursuant to the Underwriting Agreement dated 14 April 2005 between the Company
and Rovida Holdings Limited, Panmure Gordon & Co will, acting as agent for the
Company, endeavour to procure one or more subscribers for the remaining
1,442,437 New Ordinary Shares, for which valid acceptances were not received.
Definitions used in the prospectus dated 18 April 2005 shall have the same
meanings when used in this announcement, unless the context requires otherwise.
For further information please contact:
PGI Group plc 020 7246 0207
Richard Clothier, Group Chief Executive
Panmure Gordon & Co 020 7459 3600
Andrew Godber
Andrew Potts
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROIFXLFBEQBBBBB
Pgi Group (LSE:PGI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Pgi Group (LSE:PGI)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Pgi Grp (London Stock Exchange): 0 recent articles
More Pgi Group Plc News Articles