RNS24 Aug 2009 10:23
Source: London Stock Exchange Regulatory News Service
24/08/2009 07:00
GoIndustry-DoveBid PLC: Equity Raising & 2011 Convertible Loan
GoIndustry​-​DoveBid PLC
24 August 2009
GoIndustry​-​DoveBid plc / Index: AIM / Epic: GOI / Sector: Support Services
24 August 2009
GOINDUSTRY​-​DOVEBID PLC (THE "COMPANY')
PROPOSED SUBSCRIPTION OF 250,723,210 ORDINARY SHARES AT 1.80 PENCE PER SHARE TO RAISE APPROXIMATELY £4.5 MILLION AND AMENDMENT OF THE 2011 CONVERTIBLE LOAN AGREEMENT AND MAJORITY CONVERSION OF THE 2011 CONVERTIBLE LOAN
GoIndustry​-​DoveBid plc, the AIM quoted global provider of asset management, auction and valuation services, announces the proposed issue of ordinary shares to raise gross proceeds of approximately £4.5 million from existing shareholders and others (the "Subscription"), the proposed amendment of the 2011 convertible loan agreement and the proposed conversion of 90 per cent. of the 2011 convertible loan.
A circular setting out further details of the Subscription and arrangements with respect to the 2011 convertible loan agreement and including a notice convening a general meeting of the Company, is expected to be despatched later today and will be published on the Company's website