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Issue of Equity

29 Mar 2006 07:03

32Red Plc29 March 2006 32Red Plc ("32Red" or "the Company") 32Red raises £5.3m in Placing at 140p per share 32Red Plc, the UK facing online casino and poker operator, is pleased toannounce that it has raised approximately £5.3m (before expenses) in a placing(the "Placing"), primarily with new institutional investors, arranged by NumisSecurities Limited ("Numis"). The Placing involves the issue of 3,766,500 new ordinary shares in the Companyat a price of 140p per share. The Placing shares are equivalent to approximately8 per cent. of the Company's existing ordinary share capital, and when issued,will represent approximately 7.4 per cent. of the Company's enlarged issuedshare capital. The Placing will widen the Company's shareholder base and increase liquidity.Proceeds will be used for the expansion of the Company's marketing programme. Inaddition, the Company continues to look at acquisition opportunities within theonline gaming industry. Commenting on the announcement, Ed Ware, 32Red's Chief Executive Officer, said: "It has been our intention since Admission to AIM last September to widen theshareholder base and raise capital to invest in 32Red's future growth. "We are delighted to have raised these funds, which will enable us to step upour focused marketing programme and enhance 32Red's profile and brandrecognition. The additional capital will also give us increased resources topursue strategic acquisitions that we feel would be complementary to 32Red'sexisting offering." 29 March 2006 Enquiries: 32Red Plc Tel: 00 35 049 396Ed Ware, CEOSimon Dimmer, Finance Director Numis Securities Limited Tel: 020 7776 1500Chris WilkinsonAndrew Dawber College Hill Associates Tel: 020 7457 2020Tom Baldock 32Red Plc is an award winning UK-focused online gaming business predominantlycomprising two distinct activities: casino and poker. The Company offerscustomers over 200 online casino games (including roulette, blackjack and slotmachines), played against the house. The Company also operates a multiplayeronline poker room. 83% of the Company's customers are based in the UK andIreland. Under the Placing the Company has raised £5.3m before expenses (andapproximately £5.0m after expenses). The Placing has been arranged andunderwritten by Numis and is conditional on the placing agreement between 32Redand Numis becoming unconditional and not being terminated prior to 3 April 2006,the expected date of admission of the new shares, or such later date (not beinglater than 11 April 2006) as 32Red and Numis may agree. The new shares will rankpari passu in all respects with the existing ordinary shares of 0.2p each inissue. It is expected that dealings in the new shares will commence on AIM on 3April 2006. This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
6th Jun 20173:25 pmRNSProposed cancellation of trading on AIM
6th Jun 20173:14 pmRNSOffer Update for 32Red plc by Kindred Group plc
5th May 20177:00 amRNSOffer Update for 32Red plc by Kindred Group plc
27th Mar 20177:00 amRNSUpdate on Offer conditions for 32Red plc
9th Mar 20177:00 amRNSFinal Results
3rd Mar 201712:58 pmRNSHolding(s) in Company
3rd Mar 201712:56 pmRNSPublication of Offer Document
3rd Mar 201712:48 pmRNSOffer Document Posted for 32Red by Kindred Group
2nd Mar 20173:15 pmRNSForm 8 (OPD) 32Red plc
1st Mar 201710:46 amRNSForm 8 (DD) - 32Red plc
1st Mar 20177:00 amRNSForm 8 (OPD) 32Red plc
28th Feb 201711:26 amRNSForm 8 (DD) - 32Red plc
27th Feb 201710:44 amRNSForm 8 (DD) - 32Red plc
24th Feb 20171:17 pmRNSPosting of offer announcement
24th Feb 201710:45 amRNSForm 8 (DD) - 32Red Plc
23rd Feb 20177:02 amRNSDividend Declaration
23rd Feb 20177:00 amRNSRECOMMENDED CASH OFFER for 32Red by Kindred Group
1st Feb 20177:00 amRNSTrading Update
16th Dec 20163:52 pmRNSIssue of Equity
30th Sep 20167:00 amRNSPDMR Notification
21st Sep 20162:10 pmRNSDirector dealings
21st Sep 20162:07 pmRNSPDMR Notification
21st Sep 20167:01 amRNSKey partner contracts
21st Sep 20167:00 amRNSInterim Results
1st Aug 20164:35 pmRNSPrice Monitoring Extension
29th Jul 20167:00 amRNSPost Close Trading Update
3rd Jun 20164:57 pmRNSHolding(s) in Company
2nd Jun 201611:49 amRNSIssue of Equity
13th May 20167:00 amRNSSponsorship agreement and trading update
3rd May 20164:40 pmRNSSecond Price Monitoring Extn
3rd May 20164:35 pmRNSPrice Monitoring Extension
6th Apr 20168:11 amRNSDirector Dealing
5th Apr 201611:40 amRNSResult of AGM
18th Mar 20164:55 pmRNSDirector Dealings
10th Mar 20164:27 pmRNSAmendment to Final Dividend record date
10th Mar 20168:30 amRNS2015 Final Results Replacement
10th Mar 20167:00 amRNS2015 Final Results
10th Feb 20167:00 amRNSBoard approves special dividend of 3.00p per share
21st Jan 20167:00 amRNSPost Close Trading Update
30th Nov 20153:48 pmRNSDirector Dealing
13th Nov 20154:00 pmRNSComment on Share Price movement
1st Oct 20151:12 pmRNSLTIP and Share option awards
24th Sep 20159:01 amRNSReplacement - Interim Results
24th Sep 20157:00 amRNSInterim Results
16th Sep 20153:56 pmRNSHolding(s) in Company
23rd Jul 20151:40 pmRNSDirector Dealing
22nd Jul 20157:00 amRNSTrading Update
14th Jul 20154:55 pmRNSAcquisition - Correction
14th Jul 20157:00 amRNSAcquisition
15th Jun 20155:36 pmRNSAnnual Report and Accounts

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