SWP.L Regulatory News (SWP)

28 Feb 2006 16:39

SWP Group PLC28 February 2006 SWP Group plc Issue of Equity SWP Group plc ("SWP" or "the Company") announces that it has raised £750,000(net of expenses) through a placing of 1,250,000 new ordinary shares of 0.5peach ("New Shares") at a price of 60p per New Share. These funds will be used by SWP for the retirement of debt as well as theprovision of additional working capital to facilitate a period of rapid salesexpansion. The New Shares will rank pari passu with all other ordinary shares now in issue.Application for the New Shares to be admitted to trading on AIM have been madeand dealings are expected to commence on AIM at 08:00 a.m. on 6 March 2006. The New Shares are equivalent to approximately 7.9 per cent of the Company'sexisting issued share capital. Following admission the enlarged issued sharecapital of the Company will be 17,019,546 ordinary shares of 0.5p each. Enquiries:SWP Group PLC 0207 379 7181Alan Walker This information is provided by RNS The company news service from the London Stock Exchange