263%31 Jan 2014 08:47
The Placing Price, taking into account the effect of the Share Consolidation, represents a premium of approximately 263 per cent. to the closing middle market price of an existing ordinary share of 0.22 pence on 27 December 2013, being the latest practicable date prior to the publication of this announcement. Subject to the approval of shareholders at the AGM, it is expected that the Placing Shares will be admitted to trading on AIM the day after the conclusion of the AGM. The Placing Shares will represent 43.5 per cent. of the enlarged share capital of LED once issued.