Last checked at 10 Dec 2010 09:06
10 December 2010
AIM Investments Plc
(the "Company")
Issue of Equity
The Company announced on 13 October 2010 that it had conditionally agreed to pay Desmond Holdings Limited ("DHL") a fee of £120,000 for providing the Desmond Loan, such fee to be satisfied, following the lifting of the suspension of trading in the Company's shares, by the issue of such number of new ordinary shares in the capital of the Company as equates to 29.99 per cent. of the Company's enlarged issued share capital.
Following the restoration of trading in the Company's shares today, the Company has issued 58,480,300 new ordinary shares of 0.1p per share (the "DHL Shares") to DHL at 0.205p per share. The DHL Shares will rank pari passu in all respects with the existing issued ordinary shares. Application has been made for the admission to trading on AIM of the DHL Shares and admission is expected to occur on 15 December 2010.
DHL is an unquoted investment company established in Hong Kong on behalf of a small number of investors. DHL shares the Board's belief in the potentially attractive investment opportunities in emerging markets, including in the Asia Pacific region. As recently announced, the Company has made an investment in Shenzen Cadro (Catic Group) Hydraulic Equipment Co. Limited ("Cadro"), a China-based developer, manufacturer and distributer of mechanical (hydraulic) lifts and covers for trucks. Cadro is currently seeking admission to the Over The Counter Bulletin Board by means of a reverse takeover. Mark Pajak, Managing Director of DHL commented: "We are delighted to be making the investment in AIM Investments Plc and look forward to working with the Company to develop the full potential of its strategy."
Following the issue of the DHL Shares, the issued share capital of the Company is 194,999,400 ordinary shares of 0.1p each. As the Company does not hold any shares in Treasury, this figure may be used by shareholders as denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.
For further information please contact:
AIM Investments Plc | Alexandra Eavis | 08702 701 111 |
Northland Capital Partners Limited (Nominated Adviser and Broker) | Gavin Burnell, Edward Hutton | 020 7492 4750 |
www.aiminvestmentsplc.com