rns11 May 2007 09:36
LONDON (Thomson Financial) - In House Group PLC said it has issued 38.77 mln shares in two tranches to repay debt and cover other contractual amounts. The group also said it has bought a property in Liverpool for 180,000 stg.
The company said it issued 31.27 mln shares at 0.3 pence each while the remaining 7.5 mln were issued at 0.6 pence each. Of the total shares, 10.44 mln shares have been issued to cover 53,813 stg debt and other contractual amounts outstanding totaling 83,813 stg, it said.
On its property purchase in Liverpool, In House said it exchanged contracts on a mixed use property for 180,000 stg, which has an expected rental value of 19,400 stg per annum.