PCG Entertainment plc Issue of Equity (5712X)
February 22 2017 - 6:31AM
UK Regulatory
TIDMPCGE
RNS Number : 5712X
PCG Entertainment plc
22 February 2017
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
22 February 2017
PCG Entertainment Plc
("PCGE" or the "Company")
PCG Entertainment Plc / Index: AIM / Epic: PCGE
Issue of Equity
PCGE, the AIM quoted Asia-Pacific online media and entertainment
company, today announces it has raised GBP750,000 (before expense)
through a placing via its broker, Beaufort Securities Limited, of
535,714,286 new ordinary shares of 0.1 pence each ("Ordinary
Shares") at a price of 0.14 pence per new Ordinary Share (the
"Placing").
The proceeds of the Placing will be used for general working
capital purposes. The Placing has been undertaken within the
Company's existing share authorities and is conditional only on
admission of the new Ordinary Shares to trading on AIM
("Admission").
Application has been made for Admission, which is expected to
occur on or around 28 February 2017. Following Admission, the
Company's issued share capital will consist of 1,874,940,507
Ordinary Shares, with one voting right per share. PCGE does not
hold any Ordinary Shares in treasury. Therefore, the total number
of Ordinary Shares and voting rights in the Company will be
1,874,940,507. This figure may be used by shareholders in the
Company 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 share capital of the Company.
Nick Bryant, CEO of PCGE plc, commented "This sale provides the
working capital the company needs to realise the opportunities we
have created over the past months. I look forward to up-dating the
market on these opportunities in due course."
For further information:
PCG Entertainment plc
Nick Bryant, CEO Tel: +44 20 8004
4699
Allenby Capital
Nick Naylor / Nick Harriss Tel: +44 20 3328
/ James Thomas 5656
Beaufort Securities
Saif Janjua Tel: +44 20 7382
8300
Damson Communications
Amelia Hubert Tel: +44 20 7812
0645
This information is provided by RNS
The company news service from the London Stock Exchange
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February 22, 2017 07:31 ET (12:31 GMT)