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5 Nov 2010 14:45

RNS Number : 7254V

Corac Group Plc

05 November 2010

For Immediate Release

5 November 2010

Corac Group plc

("Corac" or the "Company")

Fundraising under consideration

The Company notes the recent speculation regarding its intention to undertake a placing of new ordinary shares. The Board confirms that it is considering a placing and open offer of around £20m at 15 pence per share, of which it is expected that approximately £15m will be placed firm.

The Board of Corac is considering the placing and open offer to exploit opportunities to develop and commercialise its core technology in existing and new applications. It is envisaged that the placing and open offer under consideration would provide the Company with sufficient capital to implement its business plan.

Investors should be aware that there is no certainty of the placing or open offer taking place and further details will be notified in due course.

Enquires

Corac Group plc 01895 813463

Phil Cartmell, Executive Chairman

Mark Crawford, Commercial & Finance Director

Cenkos Securities plc 020 7397 8924

Elizabeth Bowman / Ivonne Cantu

Buchanan Communications 020 7466 5000

Richard Darby

Ben Romney

This information is provided by RNS

The company news service from the London Stock Exchange

END

SPCKKPDQQBDDBDK

Date		Source	Headline
28th Apr 2008	5:40 pm	RNS	Result of AGM
9th Apr 2008	2:33 pm	RNS	Holding(s) in Company
3rd Apr 2008	12:30 pm	RNS	Issue of Equity
26th Mar 2008	7:01 am	RNS	Directorate Changes
5th Mar 2008	2:11 pm	RNS	Holding(s) in Company
5th Mar 2008	10:32 am	RNS	Issue of Equity
22nd Feb 2008	11:15 am	RNS	Issue of Equity
21st Feb 2008	2:51 pm	RNS	Holding(s) in Company
19th Feb 2008	7:00 am	RNS	Preliminary Results
21st Jan 2008	4:09 pm	RNS	Notice of Results
28th Dec 2007	2:48 pm	RNS	Director/PDMR Shareholding
12th Dec 2007	10:06 am	RNS	Issue of Equity
11th Dec 2007	3:33 pm	RNS	Holding(s) in Company
15th Nov 2007	4:34 pm	RNS	Issue of Equity
7th Nov 2007	12:11 pm	RNS	Director/PDMR Shareholding
6th Nov 2007	11:19 am	RNS	Issue of Equity
30th Oct 2007	12:00 pm	RNS	Holding(s) in Company
26th Oct 2007	1:42 pm	RNS	Holding(s) in Company
23rd Oct 2007	9:48 am	RNS	Holding(s) in Company
18th Oct 2007	7:01 am	RNS	DGC Flow Loop Update
1st Oct 2007	5:07 pm	RNS	Holding(s) in Company
21st Sep 2007	7:01 am	RNS	Interim Results
14th Sep 2007	7:00 am	RNS	Change of Adviser
17th Aug 2007	6:04 pm	RNS	AIM Rule 26
10th Jul 2007	3:56 pm	RNS	Notice of Results
20th Jun 2007	6:25 pm	RNS	Holding(s) in Company
20th Jun 2007	6:22 pm	RNS	Holding(s) in Company
24th Apr 2007	5:09 pm	RNS	AGM Statement
12th Apr 2007	9:36 am	RNS	Director/PDMR Shareholding
9th Mar 2007	9:17 am	RNS	New Order Win
9th Mar 2007	7:01 am	RNS	Preliminary Results
1st Feb 2007	7:01 am	RNS	Gas Seals Agreement
8th Jan 2007	12:34 pm	RNS	Exercise of Options
8th Jan 2007	12:23 pm	RNS	Notice of Results
2nd Jan 2007	7:01 am	RNS	Contract Win
21st Dec 2006	4:45 pm	RNS	Board Change
20th Dec 2006	11:37 am	RNS	Voting Rights and Capital
7th Dec 2006	3:45 pm	RNS	R&D Tax Credits
19th Sep 2006	7:01 am	RNS	DTI Grant and First Shipment
19th Sep 2006	7:01 am	RNS	Interim Results
7th Sep 2006	7:03 am	RNS	Contract with Advantica
25th Aug 2006	8:49 am	RNS	Notice of Results
9th May 2006	10:47 am	RNS	Holding(s) in Company
2nd May 2006	5:19 pm	RNS	Result of AGM
27th Apr 2006	10:00 am	RNS	Issue of Equity
24th Apr 2006	10:04 am	RNS	Directorate Change
11th Apr 2006	7:00 am	RNS	Grant of Options
3rd Apr 2006	7:01 am	RNS	Directorate Change
29th Mar 2006	7:02 am	RNS	Final Results
6th Mar 2006	10:27 am	RNS	Notice of Results

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