Kingswood H. Regulatory News (KWG)

2 Sep 2005 15:41

Equity Pre-IPO Investments Ltd02 September 2005 Equity Pre-IPO Investments Limited 2 September 2005 Equity Pre-IPO Investments Limited Placing of shares by Noble & Company Limited to raise £1.45 million Equity Pre-IPO Investments Limited ("Pre-IPO" or "the Company"), the AIM-quotedstrategic investment company, today announces that it has issued and placed3,453,900 new ordinary shares of 1p ("Placing Shares") at 42p per share (the "Placing"), raising gross proceeds of approximately £1.45 million. Application for the Placing Shares to be admitted to AIM has been made and it isexpected that the Placing Shares will begin trading on AIM on 8 September 2005.The Placing Shares will rank pari passu with the existing ordinary shares inissue. Following the Placing, the Company will have a total of 13,237,235ordinary shares in issue. Martin Shires, Director of Pre-IPO, commented: "During the relatively shortperiod of time since our Admission to AIM in February 2005, the Company hasalready enjoyed some success with its portfolio of investments. Importantly, wesee a healthy pipeline of potential opportunities in the coming months fromwhich to choose further investments and this placing will enable Pre- IPO towiden its portfolio with the aim of generating higher returns for ourshareholders in the future." Contacts: Equity Pre-IPO Investments LimitedMartin Shires, Director Tel: +44 (0) 1481 751 000Jonathan Freeman, Non-Executive Director Tel: +44 (0) 1600 750 432 Noble & Company LimitedAlasdair Robinson Tel: +44 (0)131 225 9677 Notes to Editors: Pre-IPO is a strategic investment company which aims to achieve long termcapital growth for its shareholders through the purchase, holding and sale ofminority stakes in other companies. Pre-IPO will invest in companies which arecurrently unquoted but where the Directors believe that the company will achievea flotation on Recognised Investment Exchanges and Exchange Regulated Markets inEurope up to eighteen months from the time of investment by Pre-IPO. This information is provided by RNS The company news service from the London Stock Exchange