Adams Regulatory News (ADA)

28 Oct 2005 15:42

Dawnay, Day Carpathian PLC28 October 2005 For immediate release 28 October 2005 Dawnay, Day Carpathian PLC ("DDC" or the "Company") Additional Listing Application has been made for 3,856,862 new ordinary shares of 1p each (the "NewOrdinary Shares") to be admitted to trading on the AIM market of the LondonStock Exchange. In its admission document dated 20 July 2005 (the "Admission Document"), theCompany stated that the net profit made by members of the Dawnay, Day Group (asdefined in the Admission Document) through disposing of certain predetermined property assets to DDC on arms length terms would be used to subscribe for NewOrdinary Shares in the capital of the Company. The price of subscription forNew Ordinary Shares is determined by the average of the closing mid market prices of the Company's shares for the five days preceding allotment. As previously announced, subsidiaries of the Company have recently completed theacquisitions of the Heitman and Antana property portfolios from members of theDawnay, Day Group. The New Ordinary Shares have been issued to members of the Dawnay, Day Group who have invested their net profits from the acquisitions intoNew Ordinary Shares of the Company at a price of 108p per share. Accordingly,the Company has raised approximately £4.2 million of additional equity following the subscriptions. The New Ordinary Shares will rank pari passu with existing ordinary shares andit is expected that admission will become effective at 8.00 a.m. on 2 November2005. Enquiries Dawnay, Day Carpathian PLCPeter Klimt 020 7834 8060 Dawnay, Day Europe LimitedPaul Rogers 020 7834 8060 Numis Securities LimitedBruce Garrow 020 7776 1500Emma Primarolo This information is provided by RNS The company news service from the London Stock Exchange