9 May 2007 07:02
Speymill Macau Property Company PLC09 May 2007 Speymill Macau Property Company plc ("the Company")Completion of Placing The Company is pleased to announce that it yesterday completed the placing of 50million ordinary shares of US$0.10 each ("Ordinary Shares") at a placing priceof US$1.40 per Ordinary Share (the "Placing Price"), to raise a total of US$70million before expenses ("the Placing"). The proceeds of the Placing will beused to fund further acquisitions in line with the Company's investmentstrategy. Application has been made for the new Ordinary Shares to be admittedto trading on AIM, and the new Ordinary Shares are expected to be admitted totrading on AIM on 11 May 2007. Placing statistics: Placing Price per Ordinary Share US$1.40Number of Ordinary Shares being issued pursuant to the Placing 50,000,000Number of Ordinary Shares in issue following the Placing 130,000,000Gross proceeds of the Placing US$70 millionMarket capitalisation of the Company following the Placing US$182 millionat the Placing Price 9 May 2007 This information is provided by RNS The company news service from the London Stock Exchange