Last checked at 21 Apr 2011 07:00
ROSS GROUP PLC
("Ross Group" or the "Company")
Placing to raise £ 231,510
Ross Group PLC is pleased to announce that £ 231,509.27 has been raised with three new investors through a placing of 13,618,192 new ordinary shares of 0.1p each (the "Placing Shares") at a placing price of 1.70 pence per share. Of the sums raised, £24,477.42 represents the capitalisation of an existing loan from the investor concerned with the remaining funds, including £33,399.90 from the same investor, being new monies into the Company. The placing will provide working capital for the Company's existing businesses.
The Company will now apply to the United Kingdom Listing Authority for the Placing Shares to be admitted to the Official List and for the shares to be admitted to trading on the London Stock Exchange plc's market for listed securities. The Placing Shares will rank pari passu in all respects with the Company's existing ordinary shares in issue.
Following admission to trading on the Official List, the Company's total issued share capital will be 149,799,116 ordinary shares. The Placing Shares will represent 9.091% of the Company's enlarged issued share capital.
The above figure of 149,799,116 ordinary shares represents the total voting rights in the Company and may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.
ENQUIRIES
Ross Group PLC
Michael Simon, Director and Company Secretary 020 7486 0541