30 Mar 2010 07:00
RNS Release
30 March 2010
Pentagon Protection Plc
('Pentagon' or 'the Company')
PLACING TO RAISE £321,000
Pentagon Protection Plc (AIM: PPR), the global specialist in the supply and installation of enhanced glass protection, high-risk security consulting, training and equipment, is raising £321,000 through the placing ('the Placing') of 160,500,000 new ordinary shares of 0.1 pence each in the Company at 0.2 pence per ordinary share. The money raised will provide Pentagon with additional working capital.
The following director has participated in the Placing as follows:
| Name | No. of shares subscribed in the Placing | No. of shares interested in following the Placing | Percentage of issued share capital following the Placing |
| H ElZayn | 8,000,000 | 42,322,349 | 5.28% |
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Application has been made for the new shares to be admitted to trading on AIM and it is expected that dealings in these shares will commence on Tuesday 6 April 2010.
The new ordinary shares will rank pari passu in all respects with the existing shares in issue.
The issued share capital following the Placing will be 801,918,156 ordinary shares each with one voting right.
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Enquiries:
Pentagon Protection Plc 01494 793 333Haytham ElZayn, Chairman
Seymour Pierce 020 7107 8000 Nominated Adviser
Jonathan Wright
Rivington Street Holdings Plc 020 7562 3351 Broker
Dru Edmonstone