The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Further Investment

11 May 2016 15:23

WESTERN SELECTION PLC - Further Investment

WESTERN SELECTION PLC - Further Investment

PR Newswire

London, May 11

WESTERN SELECTION P.L.C.

(the “Company”)

Further investment in Northbridge Industrial Services PLC

The Company announces that, at a general meeting of Northbridge Industrial Services PLC (“Northbridge”) on 5 May 2016, shareholders approved a share placing and open offer, details of which were announced by Northbridge on 18 April 2016. New ordinary shares of 10 pence each in the capital of Northbridge which were the subject of the placing and open offer were admitted to trading on AIM on 6 May 2016. The Company subscribed for 723,632 new ordinary shares of 10 pence each in the capital of Northbridge at a price of 75 pence per new ordinary share under the placing and open offer.

Following this transaction, the Company now holds 3,223,632 ordinary shares in Northbridge which represents 12.45 per cent of Northbridge’s enlarged issued share capital.

David Marshall, the Company’s Non-executive Chairman, is a Non-executive director of Northbridge.

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.