Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDaniel Stewart Securities Plc Regulatory News (DAN)

  • There is currently no data for DAN

Issue of Equity

10 Mar 2010 07:00

RNS Number : 3198I
Daniel Stewart Securities PLC
10 March 2010
 



10 March 2010

 

Daniel Stewart Securities PLC

 

("Daniel Stewart" or "the Company")

 

ISSUE OF EQUITY

 

 

Daniel Stewart (AIM: DAN.L), stockbroker and corporate finance adviser to smaller and medium-sized companies is pleased to announce that, as a result of substantial demand from staff, the Board has approved the issue of 30,018,500 ordinary shares of 0.25p each ("Ordinary Shares") at a price of 2 pence per Ordinary Share (the "Placing"). The Placing is being fully subscribed by Daniel Stewart staff and will raise £0.6 million in new capital to strengthen further the Company's balance sheet.

 

As part of the Placing, certain Daniel Stewart non-executive Directors are subscribing for new Ordinary Shares, as set out below:

 

Name New Ordinary Shares Resultant shareholding

 

Peter Dicks 1,487,500 1,527,500 0.38%

 

Stuart Lucas 1,062,500 2,062,500 0.51%

 

The issue of the new Ordinary Shares remains subject to the receipt by the Company of cleared subscription monies, expected no later than 23 March 2010, and application will be made for the new Ordinary Shares to be admitted to trading on AIM ("Admission") with dealings expected to commence on 26 March 2010.

 

Following Admission of the new Ordinary Shares detailed above, Daniel Stewart's issued share capital shall comprise 405,329,566 Ordinary Shares (excluding the new 50,000,000 Ordinary Shares to be issued as consideration for the acquisition of MENA-RL as announced on 18 February 2010.)

 

 

Peter Shea, Chief Executive Officer said:

 

 "We are delighted with this ringing endorsement from our staff after the recent changes made."

 

Adam Wilson, Chief Executive Officer designate commented:

 

"We are very pleased at the confidence shown by our team for the future of the business"

 

Further information:

 

Peter Shea, Chief Executive Officer

Daniel Stewart Securities PLC

Tel: 020 7776 6550

Nick Tulloch

Arbuthnot Securities Limited

Tel: 020 7012 2000

Nick Rome/Siobhra Murphy

Bishopsgate Communications

Tel: 020 7562 3366

 

 

Notes to Editors:

 

About Daniel Stewart

 

 

Daniel Stewart Securities is an AIM-listed company providing a range of investment banking services to Small Cap publicly traded and non-publicly traded companies. The Group has two subsidiaries, Daniel Stewart and Company, the Group's principal operating subsidiary, which is authorised and regulated by the Financial Services Authority and is a member of the London Stock Exchange, and Daniel Stewart Capital, the Group's leasing and debt financing division.

 

Daniel Stewart is regulated by the FSA, is an AIM Nominated Adviser and PLUS Market corporate adviser, as well as being a regulated broker to both the Official List and AIM. It currently acts for approximately 50 AIM companies and is actively seeking to increase its client base with companies who will benefit from its specialised corporate advisory and institutional stock broking services.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IOELLFFEVEIAIII
Date   Source Headline
20th Jan 20164:06 pmRNSHolding(s) in Company
19th Jan 20162:47 pmRNSHolding(s) in Company
15th Jan 20165:29 pmRNSUpdate on Suspension
30th Dec 20152:56 pmRNSUnaudited Interim Results
29th Dec 20155:59 pmRNSAppointment of Non-Executive Chairmam
24th Dec 201511:35 amRNSIssue of Equity - Conversion of Bond
21st Dec 20152:42 pmRNSUpdate on Suspension and resignation of Nomad
14th Dec 201510:02 amRNSDirectorate Change
17th Nov 20151:28 pmRNSIssue of Convertible Bonds
11th Nov 20151:20 pmRNSUpdate on Placing
6th Nov 20154:38 pmRNSHolding(s) in Company
2nd Nov 20157:00 amRNSDirectorate Change
23rd Oct 201512:02 pmRNSSuspension Update
1st Oct 20157:30 amRNSSuspension - Daniel Stewart Securities plc
1st Oct 20157:00 amRNSStatement re. Suspension
28th Sep 20155:21 pmRNSUpdate re: FY 2015 Results
22nd Sep 20155:11 pmRNSChange of Registered Office
10th Jul 20157:00 amRNSNon-Executive Director Appointed
25th Jun 20159:46 amRNSSubscription to raise £1.2million
16th Jun 201510:32 amRNSStatement re share price rise
11th May 20157:30 amRNSRestoration - Daniel Stewart Securities Plc
8th May 20154:49 pmRNSNomad appointed and trading to resume
1st May 20158:00 amRNSStatement re. Suspension
1st May 20157:30 amRNSSuspension - Daniel Stewart Securities Plc
23rd Apr 201511:57 amRNSHolding(s) in Company
17th Apr 201510:46 amRNSHolding(s) in Company
17th Apr 201510:44 amRNSHolding(s) in Company - replacement
17th Apr 20157:00 amRNSResignation of Nominated Adviser
16th Apr 20154:38 pmRNSIssue of Equity - Conversion of Epsilon Bond
16th Apr 20154:35 pmRNSHolding(s) in Company
15th Apr 20157:00 amRNSTrading and Business update
9th Apr 201511:28 amRNSResult of AGM
1st Apr 201512:50 pmRNSHolding(s) in Company
31st Mar 20152:33 pmRNSHolding(s) in Company
31st Mar 20151:54 pmRNSStmnt re Share Price Movement
6th Mar 20159:15 amRNSRestoration - Daniel Stewart Securities Plc
6th Mar 20159:05 amRNSRestoration of Listing
6th Mar 20157:00 amRNSAnnual Financial Report and Notice of AGM
29th Jan 20157:00 amRNSFundraising and Regulatory Capital Resolution
23rd Dec 20143:36 pmRNSHalf Year Results
22nd Dec 20143:56 pmRNSUnaudited Preliminary Results
12th Dec 20143:58 pmRNSResponse to Press Speculation and Update
28th Nov 20144:00 pmRNSNominated Adviser licence
6th Nov 201412:48 pmRNSResult of GM and Update on Suspension
14th Oct 20147:00 amRNSCircular and Notice of General Meeting
7th Oct 20143:59 pmRNSUpdate re Suspension
1st Oct 20147:30 amRNSSuspension - Daniel Stewart Securities Plc
1st Oct 20147:00 amRNSShare Suspension
1st Aug 20143:20 pmRNSRe Order Book for Retail Bonds
9th Jul 20147:00 amRNSTrading Update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.