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8 Sep 2009 13:03
FOR IMMEDIATE RELEASE 8 September 2009
RAM INVESTMENT GROUP PLC
("RAM" or the "Company")
PLACING OF NEW ORDINARY SHARES
AND CONVERSION OF LOAN NOTE
The Board of RAM Investment Group Plc ("RAM") announces today that it has agreed a lacing of3,346,315 new ordinary shares of 1p each ("Ordinary Shares") at a price of 8.5p per Ordinary Share to raise £284,436.77 before expenses. The proceeds of placing will be used for general working capital purposes.
In addition, the Company also announces conversion of a loan note to LCV Investments Limited. The convertible loan note of £100,000 is now converted into 1,307,190 new Ordinary Shares at a price of 7.65p per Ordinary Share.
Application will be made for 4,653,505 new Ordinary Shares in RAM, which, when issused, will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM. This is expected to be on 14 September 2009.
For further information please call:
Tim Baldwin RAM investment Group Plc 0207 518 4303
Sandy Jamieson Libertas Capital Corporate Finance Limited 0207 569 9650
Monisha Varadan Rivington Street Corporate Finance Limited 0207 562 3389
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