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27 Nov 2009 11:01
27 November 2009 Talent Group plc ("Talent" or the "Company") Subscription to raise 70,000
Talent announces that it has issued 1,400,000 new ordinary shares at 5p per share to raise approximately 70,000 before expenses for the Company (the "Placing"). The Placing is conditional upon admission of the new ordinary shares to trading on AIM. The funds raised will be used to provide working capital generally.
Mr Terry Bate, Chairman of the Company, is subscribing for 500,000 new ordinary shares in the Placing. Following the subscription, Mr Bate will hold a total of 4,650,000 ordinary shares, equivalent to 25.73 per cent. of the then enlarged issued share capital of the Company.
Application will be made shortly for the new ordinary shares to be admitted to trading on AIM and admission is expected to become effective and dealings are expected to commence on 3 December 2009. Following the admission of these shares, the company will have a total of 18,070,284 ordinary shares in issue.
ENQUIRIES:Talent Group plc Tony Humphreys Tel: 020 7421 7800
Merchant John East Securities Limited John East Tel: 020 7628 2200
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