Results of open offer13 Apr 2009 00:12
Wyatt Group Plc (the "Company")
Results of the Open Offer
As announced on 16 March 2009, the Company issued an Admission Document which included, inter alia, details of a placing of 41,400,000 new Ordinary Shares at 1.25p per share (the "Placing") to raise £517,500, gross of expenses, and an Open Offer of 28,130,838 new Ordinary Shares at 1.25p (the "Open Offer") in order to allow Shareholders of the Company to participate in an investment in the Company at the same price as the Placees.
The Company is pleased to announce that applications have been received under the Open Offer for 3,544,728 new Ordinary Shares at 1.25p per share. This represents a take up of approximately 12.60% and, since the Open Offer was not underwritten, has raised £44,309.10, gross of expenses.
Subject to approval of the resolutions being proposed at the Extraordinary General Meeting on 8 April 2009, admission for the Ordinary Shares issued under the Placing and Open Offer are expected to commence on 9 April 2009.