17 Jun 2016 14:52
The following amends the Falcon Acquisitions Limited announcement released on 16 June 2016 under RNS number 3235B at 07.00.
The £163,000 referred to in the announcement and title was raised via a Subscription and not via a Placing as was previously stated. All other details remain unchanged and the full amended announcement appears below.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.
For Immediate Release
Falcon Acquisitions Limited
("Falcon" or the "Company")
Subscription to Raise £163,000
Falcon Acquisitions, the LSE listed investment company focused on investments in the Over-The-Top services ('OTT') market, is pleased to announce that it has successfully raised £163,000 by way of a Subscription of 815,000 Ordinary Shares at a price of £0.20 pence per share.
The Company will use the combined proceeds from its Subscription in April 2016 of £2 million and its initial fundraise on Admission to the LSE in January 2016 of £1.95 million (before costs) to support its acquisition strategy and pursue opportunities in the rapidly growing OTT market.
Falcon's Executive Chairman, Gert Rieder, said: "This injection of capital further strengthens our cash position and provides us with a strong footing to pursue our strategy to identify and acquire assets in the rapidly growing OTT market. I look forward to providing further updates in due course."
Details on the Subscription
Falcon has successfully raised £163,000 by way of a Subscription by new investors for 815,000 Shares at a price of £0.20 per share.
Application has been made for the Shares to be admitted to the Official List and to trading on the London Stock Exchange's main market for listed securities. It is expected Admission will become effective and that unconditional dealings will commence on the London Stock Exchange at 8.00 a.m. on 21 June 2016.
Following this allotment, the total number of ordinary shares with a nominal value of £0.01 each in issue and the total number of voting rights in the Company is 31,190,100. There are no shares held in treasury. The figure of 31,190,100 Shares and voting rights may be used by shareholders in the Company as the denominator for the calculations by which they can 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 FCA's Disclosure and Transparency Rules.
**ENDS**
For more information visit www.falconacquisitions.com or enquire to:
Falcon Acquisitions Limited | |
Gert Rieder | +41 79 83 83 119 |
St Brides Partners Ltd (PR) | |
Lottie Brocklehurst/ Frank Buhagiar/ Grace-Anne Marius | +44 (0) 20 7236 1177 |