TEG.L Regulatory News (TEG)

24 Aug 2005 07:00

TEG Environmental Plc24 August 2005 For Immediate Release 24th August 2005 TEG Environmental Plc NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTOTHE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND, THEREPUBLIC OF SOUTH AFRICA OR JAPAN. Neither this announcement nor any copy of it may be taken, transmitted ordistributed, directly or indirectly, in or into the United States, Canada,Australia, the Republic of Ireland, the Republic of South Africa or Japan. Anyfailure to comply with this restriction may constitute a violation of UnitedStates, Canadian, Australian, Republic of South Africa, Republic of Ireland orJapanese securities laws. Update re Equity issue The Company is pleased to announce that, further to the announcement of 18August 2005, it has received commitments from institutional investors tosubscribe for the 9,000,000 ordinary shares of the Company available under theplacing at a price of 37p per ordinary share. Application has been made forthese shares to be admitted to trading on AIM and dealings are expected tocommence on 25 August 2005. Canaccord Capital (Europe) Limited acted as brokerto the placing. The offer for subscription also announced on 18 August of up to 1,000,000ordinary shares at 37p per ordinary share is expected to close on 9 September2005 and a further announcement will be made shortly thereafter. For further information, please contact: TEG Environmental PlcMick Fishwick, Chief Executive 01772 422220 Binns & Co PR LtdPeter Binns 020 7786 9600 ENDS This information is provided by RNS The company news service from the London Stock Exchange