1 Jun 2009 07:00
1 June 2009
Pentagon Protection Plc ("Pentagon" or "The Company")
Pentagon Protection Plc raises £275,000 through a placing of new Ordinary Shares
Pentagon Protection (AIM: PPR), the global specialist in the supply and installation of enhanced glass protection, announces that it has raised £275,000 through a placing of 110,000,000 new Ordinary Shares at a price of 0.25 pence per share. In addition, certain directors of the Company have indicated their intention to subscribe for approximately £25,000 of new Ordinary Shares following the announcement in June of the Company's interim results for the six months ended 31 March 2009.
The proceeds of the placing, raised by Dowgate Capital Stockbrokers, are to be applied for general working capital and business development activities.
Application has been made for the placing shares to be admitted to trading on AIM and dealings are expected to commence on 4 June 2009
Enquiries:
Pentagon Protection Plc 01494 793 333 Haytham ElZayn, Chairman
Seymour Pierce 020 7107 8000 Jonathan Wright
Dowgate Capital Stockbrokers 020 7492 4799 Philip Dumas