Image Scan Holdings Regulatory News (IGE)

26 Apr 2005 14:15

Image Scan Holdings PLC26 April 2005 For immediate release: 2:15pm 26th April 2005 Image Scan Holdings Plc: Results of Placing and Open Offer: £1,087,274 raised On 31st March 2005, Image Scan Holdings plc (AIM: IGE), a provider of leadingreal-time multi-view, 3D X-ray imaging solutions for the security and industrialinspection markets, confirmed the successful placing, subject to the passing ofthe relevant resolutions at the EGM, of 12,486,313 shares at 7 pence withinstitutional investors raising £874,042 before expenses of working capital forthe Company. On the same day the Company also announced that a further 4,833,907 New OrdinaryShares were to be made available to existing shareholders by way of an OpenOffer, looking to raise up to £338,373 before expenses. The basis of the OpenOffer was one Open Offer Share for every four Existing Ordinary Shares held. Atthe close of application for the Open Offer Shares - 1500hrs on the 22nd April2005 - applications had been received for 3,046,177 Open Offer Shares priced at7 pence - 63% of the issue, raising £213,232. With the passing of all the relevant resolutions at yesterday's EGM, the Companyconfirms that trading in the 15,532,490 newly issued Ordinary Shares is expectedto commence at 0800 hrs on 28th April 2005 and that CREST accounts will becredited on the same day. It is expected that definitive share certificates fornew Ordinary Shares will be despatched on 6 May 2005. In total £1,087,274 has been raised for the Company before expenses via thePlacing and Open Offer. - ends - About Image Scan Holdings plc Image Scan Holdings plc (AIM: IGE) is focused on the development andcommercialisation of market leading real-time 3D and 2D x-ray solutions for usein the global industrial and security inspection markets. The Company'sindustrial inspection solutions include the MDXI unit and the in-line DEX camerasolutions. The Company's security inspection solutions feature the unique 3Dbaggage inspection system, the AXIS-3D(R) marketed by Rapiscan as their 3DSP,and the new PanDEX portable inspection unit for bomb disposal and otherexplosives and ordnance detection applications. For further information on the Company, please visit www.ish.co.uk, and forfurther information on its products, please visit www.3dx-ray.com. Further Information: Nicholas Fox (Chief Executive Image Scan Holdings) 01664 503 600Toby Hall/Jade Mamarbachi (gth media) 020 7153 8039/8035 This information is provided by RNS The company news service from the London Stock Exchange