No major dilution, trading strong2 Jun 2016 19:40
200m shares, the majority have already been placed to raise £250,000
1,039.76m existing will become 1,239m shares in issue on June 6th
166,666,800 new ordinary shares of 0.1p each (“Ordinary Shares”) with existing and new institutional investors (the “Placing Shares”) arranged by Hybridan LLP and that, in addition, it will issue 33,333,333 new Ordinary Shares to City and Claremont Capital Assets Ltd following the conversion of loan interest amounting to £50,000 (the “Conversion Shares”), in each case at a price of 0.15p per Ordinary Share (the “Issue Price”).
Transformative projects................
Quote from trading performance RNS end of April 2016:
The Group has already closed almost £1 million of new business to be delivered in 2016 and is currently pitching on several large projects. Two of these projects, in particular, have the potential to be transformative for the business.