12 Feb 2016 12:40
For Immediate Release 12 February 2016
POLEMOS PLC
("Polemos" or "the Company")
Placing
Change of Registered Office
Polemos, the AIM investment company, announces that it has raised £80,000 (before expenses) through the placing of 200,000,000 new Ordinary Shares of 0.01pence each (the "Ordinary Shares") at a placing price of 0.04 pence per Ordinary Share (the "Placing Shares") with certain institutional and private investors (the "Placing"). This Placing is to raise funds for general working capital purposes and to assist in seeking investment opportunities.
Application will be made for the Placing Shares, which will, on issue, rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and such admission is expected to occur on or around 18 February 2016.
As a result of the Placing, the Company will have 1,086,907,464 Ordinary Shares in issue with voting rights and admitted to trading on AIM. This figure may be used by shareholders in the Company as the denominator for the calculation 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 Conduct Authority's Disclosure and Transparency Rules.
The Company also announces that, from today, its registered office has changed to:
2 Chapel CourtBorough High StreetLondonSE1 1HH
END.
For further information, please contact:
Polemos plc Jason Berry, Non-Executive Director Hamish Harris, Executive Chairman
| +44 (0)20 7440 0640 |
Beaumont Cornish Limited (Nominated Adviser and Broker) James Biddle/Michael Cornish | +44 (0)20 7628 3396 |