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8 Sep 2009 13:03
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FOR IMMEDIATE RELEASE 8Β SeptemberΒ 2009
RAM INVESTMENT GROUP PLCΒ
("RAM" or the "Company")
PLACING OF NEW ORDINARY SHARES
AND CONVERSION OF LOANΒ NOTE
TheΒ Board of RAM Investment Group Plc ("RAM") announces today that itΒ hasΒ agreedΒ a lacingΒ of3,346,315Β new ordinary shares of 1p eachΒ ("Ordinary Shares")Β at a price ofΒ 8.5p perΒ Ordinary Share to raise Β£284,436.77Β beforeΒ expenses.Β The proceeds ofΒ placing will be used for general working capital purposes.Β
In addition, the Company also announces conversion of a loan note to LCV Investments Limited. The convertible loan note of Β£100,000 is now converted into 1,307,190 newΒ OrdinaryΒ Shares at a price of 7.65pΒ per Ordinary Share.
ApplicationΒ will beΒ made forΒ 4,653,505Β new Ordinary SharesΒ in RAM, which, when issused, will rankΒ pari passuΒ with the existing Ordinary Shares in issue, to be admitted to trading on AIM. This is expected to be onΒ 14Β SeptemberΒ 2009.Β
For further information please call:
Tim BaldwinΒ Β RAM investment GroupΒ Plc 0207Β 518 4303
Sandy Jamieson Libertas Capital Corporate Finance Limited 0207Β 569Β 9650
Β
Monisha Varadan Rivington StreetΒ Corporate Finance Limited 0207 562 3389
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