Member Info for AParky

Results of Placing
Thu, 6th Feb 2014 15:03

RNS Number : 5030Z
President Energy PLC
06 February 2014
President is pleased to announce that a total of 87,628,500 new ordinary shares (the "Placing Shares") have been placed in the Placing, with new and existing institutional investors at a price of 35 pence per Placing Share (the "Issue Price"), raising gross proceeds of US$50 million (£30.7 million). When issued, the Placing Shares will represent approximately 28.6% of the issued ordinary share capital of the Company prior to the Placing. RBC Capital Markets (a trading name of RBC Europe Limited) ("RBC Capital Markets") and Canaccord Genuity Limited ("Canaccord Genuity") (together the "Joint Bookrunners") acted as joint bookrunners to the Company in respect of the Placing.
The participation in the Placing by the International Finance Corporation and Schroders Investment Management Limited represent related party transactions under the AIM Rules. Accordingly, the independent Directors, consider, having also consulted with RBC in its capacity as the Company's nominated adviser, that the terms of such parties' participation in the Placing are fair and reasonable insofar as independent Shareholders are concerned.

27th September 2013



PRESIDENT ENERGY PLC



("President Energy" or "the Company")



Proposed Equity Investment by International Finance Corporation (World Bank Group)



President Energy is pleased to announce that it has reached agreement in principle with the International Finance Corporation (IFC), the private sector arm of the World Bank Group, for a proposed investment of up to £12.5 million (approximately US$20 million), comprising:

· a subscription of 37.5 million new ordinary shares at 25 pence per share to raise £9.375 million (approximately US$15 million) (the "Placement") which is anticipated to close by the end of November

· a further subscription which has been agreed in principle to raise £3.125 million (approximately US$5 million) (at a price per share to be agreed at the time of the subscription) ("Additional Placement") which is available until the end of 2014
Apologies not 18p, long time ago

Answer :-
They came un around the 18p mark back in the day and carried on taking up the offers as the price went up, even took up the 35p placing when PL first started the devastation of the sp when it just managed to threaten 50p

Looks like the IFC have joined the reduced holdings club, another ii that has either got better things to do or wasn't happy with the traf stitch up. If they sell up it will be a major blow for the company more so than schroders
They are selling at a big big loss

This will probably go a lot lower this time as full lock down over the half term is coming, Starmer has come out with nothing new, HMRC having been preparing for weeks and weeks for it.

That would certainly sink the ship :)

Does it say starting cruising in 30 days or could be up and running in 30 days from the green light to go. A big big difference.

5yrs 10yrs what's your timescale can you be more specific

Usual mm's making it go boom (poof) to try and catch the early birds , but sadly no takers

Ppc doesn't do boom it goes poof and back down again.

Timing is everything, they have received the options just before a presentation on the way forward and a question and answer phone in, hope it makes them come up with some decent answers that actually come to fruition.
Funny how a pundit comes out with a 50p chart target a few days before an rns leading up to the investor phone in.

There is a chance to take them to task over the remuneration at the investor call.
As for targets to initiate the options I would take with a pinch of salt given past performance.

Most 9f the cruise lines have cut back on the levels they had years ago, midnight buffets etc a long list of what use to be things, has it stopped people cruising.

Mr Magic the troll not invested and haunts a board he has no interest in

Getting there slowly

covid spike protein bristol university

Worth a read

Good RNS again with the same result, a drop in sp is normal for ppc so no worries. 9yrs in January its water off a ducks back for lth's

Oh I forgot, apologies. Your up against the cod army this season.

Those were the hero days back in the 70's, footballers were gladiators going into battle after a few pints the night before.
Definition of gladiators. Google Norman Hunter Franny Lee altercation its a classic :)

Oh no Drichi it gets worse, your not a north ender are you :(

Nice result from.the first workover.

No no no being from the red rose county I cant get excited about sponsoring a white rose club.
They need Billy Bremner and Alan Clark back :)