HMLH.L Regulatory News (HMLH)

7 Nov 2006 07:00

HML Holdings PLC07 November 2006 7 November 2006 HML Holdings plc Issue of Equity HML Holdings plc ("HML" or "the Group"), the provider of property management,insurance and ancillary services to residential property blocks, announces that,yesterday, it placed 1,000,000 new ordinary shares of 1.5 pence each ("OrdinaryShares") at a price of 30 pence per share. The funds will be used to finance thefurther expansion of the business. MD Barnard & Co LTD ("MD Barnard"), a new investor in the Group, has subscribedto all of the new Ordinary Shares. As a result of the placing, MD Barnard isinterested in 8.07 per cent. of the issued share capital of HML. Application will be made to the London Stock Exchange for the 1,000,000 newOrdinary Shares to be admitted to trading on AIM and dealings are expected tocommence on 10 November 2006. The new Ordinary Shares will rank pari passu withthe existing Ordinary Shares. Commenting on the Placing, Robert Plumb, chief executive of HML Holdings plc,said: "The fact that we have placed these shares with MD Barnard is a strongendorsement of the potential of HML as a business. The funds will be used toexpand the business and help HML to establish itself as a national brand in theproperty management and services market." For further information: Tavistock Communications Group: 020 7920 3150Richard Sunderland This information is provided by RNS The company news service from the London Stock Exchange