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Secondary Placing

9 Feb 2011 07:00

RNS Number : 9070A
Daniel Stewart Securities PLC
09 February 2011
 



9 February 2011

Daniel Stewart Securities plc

 

('Daniel Stewart' or 'the Company')

 

Secondary Placing

 

The Board of Daniel Stewart (AIM: DAN), the investment bank offering corporate advisory and institutional stockbroking services, is pleased to announce that Daniel Stewart & Company has placed 75,000,000 Daniel Stewart Securities plc ordinary shares of 0.25p each at a price of 2p per share on behalf of Brainspark plc.

The shares were placed with, inter alia, staff and existing shareholders. As a result of this transaction, Brainspark Plc no longer has a notifiable interest in the share capital of the Company.

Commenting on the transaction, Peter Shea, Chief Executive Officer said:

"I am most encouraged by the support and interest of our staff and shareholders, and we look forward to building shareholder value as our business continues to recover."

 

Enquiries:

 

Peter Shea, Chief Executive Officer

Daniel Stewart Securities PLC

 

Tel: 020 7776 6550

Nick Tulloch/Ed Groome

Arbuthnot Securities Limited

 

Tel: 020 7012 2000

John West/Lydia Eades

Tavistock Communications

Tel: 020 7920 3150

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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