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She's flying!
Funds to LED has been made in full and final settlement of all of the Investors's legal obligations under the original subscription agreements. The Placing Shares are being issued at a price of 75 pence per share representing a premium of 780 per cent. to the closing mid-price on 10 July 2014.
11 July 2014 LED International Holdings Limited ("LED" or the "Company") Fund raise update and issue of new ordinary shares The board of LED (the "Board") is pleased to provide an update to shareholders following its announcements on 26 February 2014 and on 26 June 2014. The Company, Speedy Dragon Holdings Limited and Rubyfield Holdings Limited (the "Investors") have reached a supplementary agreement in relation to the placing of 3,875,000 new ordinary shares (the "Placing Shares") and the conversion of the working capital loan, further details of which are set out in LED's announcement on 30 December 2013. LED, via its wholly owned subsidiary, Shenzhen Green Pearl Energy Management Services Company Limited, is now in receipt of subscription funds of RMB25,000,000 million (approximately GBP2.35 million) (the "Subscription Funds") from the Investors. Under the terms of the supplemental placing agreement, payment of the Subscription Funds to LED has been made in full and final settlement of all of the Investors's legal obligations under the original subscription agreements. The Placing Shares are being issued at a price of 75 pence per share representing a premium of 780 per cent. to the closing mid-price on 10 July 2014. LED will use the proceeds of the Subscription Funds for general working capital purposes. Further updates in relation to the issue of convertible loan notes and placing announced on 31 March 2014 will be made at the appropriate time. In addition, LED has also issued 1 ordinary share which has arisen as a fractional entitlement following LED!|s recent capital reorganisation (the "Reorganisation Share"). An application will be made for the Placing Shares and the Reorganisation Share to be admitted to trading on AIM and it is expected that dealings will commence on 17 July 2014. Following the issue of the Placing Shares and the Reorganisation Share, the Company's issued share capital will be 8,907,935 ordinary shares. This figure may be used by shareholders 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. Following the issue of the Placing Shares, the Investors will be interested, in aggregate, in 43.5% of the enlarged issued share capital of LED. The Placing Shares have been issued to the Investors in equal tranches. For further information: LED International Holdings Limited Stephen Chan - Chief Executive Officer +852 2243 3100
Perhaps.
be getting close to the big NIL rns here,
a rose coloured rns in the near future to restore some faith enabling the bod to shift as many shares as they can to pi's then OUCH the rns that tells pi's its all gone. im out of this one now and staying out. still would like to wish everyone here the very best of luck in future investments
we will see 3p sells shortly after that rns as people scramble to get back a little of what they have put in, terrible.
not looking good at all. Worst kind of RNS.
was at 10.55 so im guessing all the other trades at that price were sells, things ar'nt as blue and red as they look here. GLA
rags , Of course this is a risky punt . The recent buying bodes well . Good luck with whatever you decide .# Innit to win it , gla @ The Lightsaver
well what i had left here and ran, almost made my losses back now between afe and avp, good luck all who are still in here, reason for selling is this, led falls at the drop of a hat, ie a small sell then fails to tick up on a bigger buy, also i just didnt want to wake up one morning to an rns stating that led shares are now worth nothing, basically i bottled it, lol.
Seems to be some nice underhand action going on . Good news soon . gla Lighters
was a sell
agree'd. should have ticked up.
we are not 10 % up
A little patience , goes a long way . Good luck
and down 9 % shocking
Until the hopefully fully funded news arrives . Good luck all
myself for not topping up last week
@ about 37p a share
Not when like me and a lot of holders have lost 75% of there stake here ATB
good rise
Looks like an RNS might be due after all . Good luck
Unless an RNS arrives. Good luck
Yep but im still over 70% down over all !! So long ways to go yet!! Hope you doing better than me here!! ATB