Issue of Equity

9 May 2006 07:01

Empresaria Group PLC09 May 2006 Empresaria Group plc ("Empresaria" or the "Company") NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY ORINDIRECTLY, IN OR INTO THE UNITED STATES, JAPAN, CANADA, AUSTRALIA OR THEREPUBLIC OF IRELAND. The Company announces today that it has successfully raised £950,000 beforeexpenses, through the placing of 1,000,000 ordinary shares at a price of 95peach ("Placing Shares"). The Placing Shares have been placed with institutionalinvestors by the Company's broker, Bridgewell Securities Limited. It is anticipated that the net proceeds from the placing will be applied towardsa number of development opportunities in overseas staffing markets currentlybeing considered by the Company. Application for the admission to AIM of the Placing Shares has today been madeand dealings are expected to commence on 12 May 2006. The Placing Shares will,on admission, rank pari passu with the existing ordinary shares. Miles Hunt, CEO, Empresaria, commented: "I am delighted with the response andsupport from investors, and believe that the funds raised will position theCompany to effectively undertake the next stage of its business strategy." For further enquires, please contact: Empresaria Group plc:Tony Martin (Chairman)Miles Hunt (Chief Executive)Nick Hall-Palmer (Finance Director)01293 649 903 Bridgewell Securities Limited:James Wellesley Wesley020 7003 3000 This information is provided by RNS The company news service from the London Stock Exchange