The People's Operator PLC Share Price Movement (1167P)
November 14 2016 - 6:33AM
UK Regulatory
TIDMTPOP
RNS Number : 1167P
The People's Operator PLC
14 November 2016
The People's Operator plc
("TPO" or the "Company")
Share Price Movement
The Company notes the significant decline in its share price
this morning. As set out in the Company's interim results released
on 12 October 2016, the Board is considering further funding
options and its major shareholders had stated their intention to
provide further funds for growth. It was stated that these funds
would be invested as to GBP1m equity at a price of 16.7p per share
if other shareholders were also prepared to invest GBP1m at the
same price or in the alternative the funds would be made available
as a loan on terms to be agreed with the Board. The Board does not
believe that GBP1m is available from other shareholders at 16.7p
per share but has been exploring an equity raise at a significant
discount to the current share price as a preference to debt
financing.
Further announcements will be made in due course.
For further information
The People's Operator plc
Nick Dashwood Brown, Head of Investor 020 7251
Relations 6648
finnCap Ltd
Stuart Andrews / Christopher Raggett 020 7220
/ Simon Hicks 0500
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014
This information is provided by RNS
The company news service from the London Stock Exchange
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November 14, 2016 07:33 ET (12:33 GMT)
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