Issue of Equity, Total Voting Rights (4858N)
2011年9月2日 - 12:36AM
RNSを含む英国規制内ニュース (英語)
TIDMCGA
RNS Number : 4858N
China Gateway International PLC
01 September 2011
FOR IMMEDIATE RELEASE 1 September 2011
China Gateway International PLC
("CGI" or "the Company")
Issue of Equity
Total Voting Rights
CGI is pleased to announce that it has issued to its major
institutional shareholder 1,600,000 new ordinary shares of 1p each
("Shares") at a price of 3.75p per Share, that price being the
price equal to the closing mid-market price on AIM at the time the
arrangements were in contemplation.. The subscription has raised
GBP60,000 in cash before expenses which will be used for general
working capital purposes.
The issue is wholly to LACV Limited ("LACV") (a fund under the
discretionary management of Laxey Partners Limited who including
discretionary funds under management currently own 25.43% of the
Company's issued share capital) and accordingly the subscription
constitutes a "related party" transaction under the AIM Rules. The
Directors having, consulted with the Company's Nominated Adviser,
consider that the terms of the subscription are fair and reasonable
insofar as its shareholders are concerned.
Application will be made for the Shares, which when issued will
rank pari passu with all existing ordinary shares, to be admitted
to trading on AIM. Trading is expected to commence on or around 7
September 2011.
Following the subscription Laxey Partners (including funds under
their discretionary management) will hold 8,184,811 ordinary shares
of 1p each representing 29.77% of the Company's issued share
capital.
Following the subscription, the Company's issued share capital
will consist of 27,490,732 ordinary shares with a nominal value of
1p each, with voting rights ("Ordinary Shares"). The Company does
not hold any Ordinary Shares in Treasury.
Therefore the total number of Ordinary Shares in the Company
with voting rights will be 27,490,732.
The above figure of 27,490,732 Ordinary Shares 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 under the Financial Service Authority's Disclosure and
Transparency Rules.
It is the intentions of Omega Properties Limited and Blenheim
Limited, which are associated with Ken Wills and Chris
Seymour-Prosser respectively, shortly to subscribe on a similar
basis (or at the then closing mid-market price if higher).
Ends
For further information, please contact:
China Gateway International PLC
KenWills +44 (0) 1843 822444
Beaumont Cornish Limited
Roland Cornish +44 (0) 20 7628 3396
This information is provided by RNS
The company news service from the London Stock Exchange
END
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