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1 Jun 2009 07:00
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1 June 2009
DANIEL STEWART SECURITIES PLC
("Daniel Stewart" or "the Company")
ISSUE OF EQUITY
SENIOR APPOINTMENT
Daniel Stewart (AIM: DAN.L), stockbroker and corporate finance adviser to smaller and medium-sized companies, is today pleased to announce that it has conditionally placed 52,500,000 new ordinary shares of 0.25 pence each ("Ordinary Shares") with investors at a price of 2 pence per Ordinary Share, raising Β£1m for the Company ("the Placing"), following expenses.Β The proceeds of the Placing will be utilised for general working capital.
Application will be made for the new Ordinary Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence on 15 June 2009.Β Β The new Ordinary Shares will rankΒ pari passuΒ with the existing Ordinary Shares
Following admission, Daniel Stewart's issued share capital will comprise 312,811,066 Ordinary Shares of 0.25 pence each.
The Board of Daniel Stewart is further pleased to announce the senior appointment of Christian WissΒ as Head of Sales, withΒ immediate effect.
Christian joins Daniel Stewart from NZBΒ Neue Zurcher Bank.Β Β He has held a number of appointments at management level, including Senior Vice President, Fox-Pitt, Kelton and a Director of Dresdner Kleinwort Wasserstein.
Peter Shea, Chief Executive Officer said:
The Company welcomes the interest shown by investors who have participated in the Placing, strengthening its shareholder base and, together with the appointment of Christian, feelsΒ confident that we can continue to grow the business, creating value for shareholders.Β
Peter Shea, Chief Executive Officer
Daniel Stewart Securities plc Tel: 020 7776 6550
William Vandyk
Blue Oar Securities plc (NOMAD) Tel: 020 7448 4400
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