Bandit.tt6 Jan 2009 13:26
Are you taking into account this:
Following this issue of equity, Creat Group's shareholding in the Company will increase to 317,300,000 ordinary shares with voting rights representing an increase from 6.2% to 70.0% of the entire issued share capital of the Company. As such, the interest of the existing shareholders will be significantly reduced from 93.8% to 30% of the entire share capital.
The total issued share capital in the Company following the issue of shares to the Creat Group will be 453,276,674 ordinary shares with voting rights and the Subscription Shares will, when issued, rank pari passu in all respects with the existing issued ordinary shares. Application will be made to the London Stock Exchange for the Subscription Shares to be admitted to trading on AIM and it is expected that admission will become effective and that trading in the Placing Shares will commence on or around 2nd January 2009.