Issue of Equity

9 Feb 2006 09:56

Croma Group PLC09 February 2006 9 February 2006 Croma Group plc ("Croma" or "the Company") Issue of Equity Croma, the specialists in the design, development and production of overt andcovert surveillance, security and defence related products, is pleased toannounce that it has successfully raised £900,000 (before expenses) by way of aplacing of 18,000,000 new ordinary shares of 5p each ("Placing Shares") at 5pper share with new and existing institutional shareholders. Having completed theacquisition of Vigilant Security Limited on 3 February, as previously announced,the Company is in late stage negotiations with its second acquisition, which isin the field of biometrics. The net funds raised today will provide the Companywith greater flexibility to finance this acquisition. Application has been made for the admission of 18,000,000 Placing Shares totrading on the AIM market of the London Stock Exchange on 10 February 2006. ThePlacing Shares will rank pari passu with the existing ordinary shares of theCompany. ---ends--- ENQUIRIES: John French Tel: 07836 722 482Chairman and Chief Executive Bishopsgate Communications Ltd. Tel: 020 7430 1600Dominic Barretto/Maxine Barnes This information is provided by RNS The company news service from the London Stock Exchange