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19 May 2009 09:42
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FOR IMMEDIATE RELEASE 19Β May 2009
HYGEA VCT PLC
("Hygea" or the "Company")
ISSUE OF EQUITY
The directors of Hygea vct plc (the 'Company') are pleased to announce an allotment on 19 May 2009 of 70,000 new ordinary shares of 50 pence each ('Ordinary Shares') at aΒ price of 57Β pence each pursuant to the current 10% Top Up Offer announced on 19 March 2008, under the authority of which the Company is continuing to offer the remainingΒ 164,815 Ordinary Shares.Β The funds raised of Β£39,900Β will be used for general working capital purposes.
Application will be made for the 70,000 new Ordinary Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities and dealings are expectedΒ to commence on 26Β May 2009.Β
As part of this allotment John Hustler, a director of the Company, is applying for 10,000 new Ordinary Shares. Following this John Hustler's holding in the Company will be 72,500Β Ordinary Shares representingΒ 0.89% of the Company's now issued share capital, beingΒ 8,115,376Β Ordinary Shares.
End.
Enquiries:Β James Otter, Hygea vct plc -Β james.otter@ellipson.co.ukΒ
Charles Breese, Hygea vctΒ plc onΒ 01280 703482 orΒ larpentnewton@btinternet.com
RolandΒ Cornish, Beaumont Cornish Limited on 020 7628 3396
website:Β www.hygeavct.com
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