Last checked at 14 Jul 2009 07:00
AEC Education plc
("AEC" or "the Company")
Secondary Placing and Notice of Interest
Following the placing of shares announced on 16 March, 2009, the Company is pleased to report that it has placed an additional 3,632,689 new ordinary shares of 10p each in the Company ("Ordinary Shares") at 12p per share (the "Placing") to raise approximately £435,900.
Application has been made for 3,632,689 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 17 July, 2009 ("Admission"). On Admission, the Company will have 42,724,835 Ordinary Shares in issue.
Pursuant to the Placing, KSP Investments Pte Ltd acquired 3,232,689 Ordinary Shares and now holds 11,035,037 Ordinary Shares which represents 25.83 per cent. of the enlarged issued share capital of the Company. David Ho, Chief Executive Officer of AEC and Gopinath Pillai, Non-Executive Director of the Company, hold 44% and 19.5%, respectively, of KSP Investments Pte Ltd.
For further information contact:
| AEC Education plc | |
| Liam Swords | Office: +44 (0) 20 8308 1202 |
| Mobile: +44 (0) 7775 787 427 | |
| WH Ireland Limited (NOMAD & Broker) | |
| Adrian Kirk | +44 (0)161 832 2174 |
| Stuart Forshaw | |
| Biddicks | |
| Katie Tzouliadis | +44 (0) 207 448 1000 |
| Sophie Lane |