Eastbridge Investments PLC Issue of Equity (2566N)

TIDMEBIV

RNS Number : 2566N

Eastbridge Investments PLC

15 May 2015

Eastbridge Investments Plc

("Eastbridge" or the "Company")

Completion of GBP100,000 Subscription

Eastbridge investments Plc, the investment vehicle focussed on the property and real estate sector, is pleased to announce that the Company has raised a total of GBP100,000, through the issue of 11,494,252 new ordinary shares of no par value ("Subscription Shares"), at a price of 0.87p (the "Subscription"), to new investors in the Company. The funds raised as part of the Subscription will be used by the Company to make investments which are in line with Eastbridge's Investing Policy.

Stuart Black, Executive Director of the Company commented: "The Board has already identified a number of investment opportunities that fit into our investment criteria and which we believe will deliver demonstrable shareholder value. The funds raised will enable us to accelerate the evaluation and execution of those prospects which have the highest potential to enhance such shareholder value."

Application has been made for admission of the Subscription Shares to trading on the AIM market of the London Stock Exchange plc ("AIM") ("Admission"). It is expected that Admission will take place and that trading will commence on AIM at 8.00 a.m. on or around 22 May 2015.

Upon Admission the Company will have a total of 208,134,632 ordinary shares of no par value in issue, of which 51,325,737 are held in treasury and accordingly the total number of voting rights in the Company at Admission will be 156,808,895. This number 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 in their interest in, the share capital of Eastbridge under the FCA's Disclosure and Transparency Rules.

For further additional information please contact:

 
 Eastbridge Investments Plc            Tel: +44 (0)78 
  Gregory Collier                       301 82501 
 Nominated Adviser                     Tel: +44 (0)20 
  Northland Capital Partners Limited    7382 1100 
  William Vandyk / Matthew Johnson 
 Sole Broker                           Tel: +44 (0)20 
  Peterhouse Corporate Finance          7469 0930 
  Limited 
  Fungai Ndoro/Lucy Williams

This information is provided by RNS

The company news service from the London Stock Exchange

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