Last checked at 8 Nov 2010 15:11
FOR IMMEDIATE RELEASE 8 November 2010
Vipera PLC
("Vipera" or "the Company")
INTENDED PLACING OF NEW ORDINARY SHARES
The Board of Vipera announces that it is considering a placing of up to 11,765,000 new Ordinary Shares at a price of 8.5p per Ordinary Share to raise approximately £1,000,000 (the "Proposed Placing"). The Board considers that this additional capital would provide additional working capital headroom in the Group's budget and enable it to better take advantage of opportunities which are becoming available. Should the Proposed Placing proceed, certain Directors intend to subscribe for up to 445,000 new Ordinary Shares on the same terms.
A further announcement will be made in due course.
Vipera Plc:
Marco Casartelli Tel: +39 02 7214 2424
Roger Mitchell Tel: +39 02 7214 2424
Martin Perrin Tel: 07785 505 337
Beaumont Cornish Limited:
Roland Cornish Tel: 0207 628 3396
James Biddle Tel: 0207 628 3396
Daniel Stewart & Company Plc
Colin Rowbury Tel: 0207 776 6550