Issue of Equity

23 Aug 2007 13:21

Glen Group PLC23 August 2007 Glen Group plc23 August 2007 Glen Group plc (the "Company") Placing to raise £400,000 The Company is pleased to announce that it has issued 200,000,000 new ordinary shares of 0.1p each at 0.2p per share to raise £400,000, before expenses. Having completed two acquisitions in the last three months, the funds will be applied to fund due diligence, legal and other costs and provide further working capital as the group continues to expand. The new shares will rank pari passu with other ordinary shares and application has been made for the new ordinary shares to be admitted to trading on AIM which is expected to be on 24 August 2007. ENQUIRIES: Glen Group plcGraham J DuncanChief Executive 0845 119 2100 Pelham PRAlex Walters 0203 170 7435 Seymour PierceJonathan Wright 0207 107 8000 This information is provided by RNS The company news service from the London Stock Exchange