Placing

 

TIDMHTIG 
 
RNS Number : 7092T 
Hightex Group PLC 
11 June 2009 
 

Hightex Group plc 
("Hightex" or "the Company") 
 
 
Placing of new shares to raise approximately GBP862,000 
 
 
11 June 2009 
 
 
The Board of Hightex is pleased to announce that it has raised GBP861,915 
(before expenses) in a placing with both existing shareholders and new investors 
(the "Placing"). The funds will provide Hightex with additional working capital 
and contribute towards the planned expansion of its membrane business. 
 
 
Details of the Placing 
Hightex has unconditionally placed 28,730,516 new ordinary shares 
("Placing Shares) at 3 pence each (the "Placing Price") to raise GBP861,915 
before expenses. The Placing Shares will represent approximately 19.36 per cent. 
of the share capital as enlarged by the Placing. The Placing has been arranged 
by Ludgate Investments Limited with its clients. 
 
 
The Placing Shares, when issued and fully paid, will rank pari passu with the 
existing issued ordinary shares of 1 penny each in Hightex. 
 
 
Hightex has today made application for the Placing Shares to be admitted to 
trading on AIM. Trading in the Placing Shares is anticipated to take place on 
Wednesday 17 June 2009. 
 
 
Two directors have participated in the Placing to the extent of 1,350,000 
Placing Shares at the Placing Price, equivalent to a subscription of 
GBP40,500. Details of these subscriptions and the interests of the directors and 
their connected persons in the ordinary share capital of the Company following 
the Placing are set out below: 
 
 
+------------------------+-----------------+----------------+---------------+ 
|                        | Placing Shares  | Shares held    | Enlarged      | 
|                        | at 3p per share | following the  | Share Capital | 
|                        |                 | Placing        | (%)           | 
+------------------------+-----------------+----------------+---------------+ 
| Charles DesForges      | 350,000         | 1,100,750      | 0.74%         | 
+------------------------+-----------------+----------------+---------------+ 
| Charles                | 1,000,000       | 2,000,000      | 1.35%         | 
| Sebag-Montefiore       |                 |                |               | 
+------------------------+-----------------+----------------+---------------+ 
 
 
 
 
Details of enlarged share capital 
Following the admission to AIM of the Placing Shares, the Company's issued share 
capital will consist of 148,383,098 ordinary shares of 1 penny each. 
 
 
The above figure may be used by shareholders as the denominator for calculations 
by which they will determine if they are required to notify their interest, or a 
change to their interest, in Hightex under the Disclosure and Transparency 
Rules. 
 
 
 
 
Enquiries: 
 
 
Charles DesForges, Chairman, Hightex Group plc     [phone] 
 
 
Singer Capital Markets 
Jeff Keating   [phone] 
 
 
 
 
 
 
About Hightex 
 
 
Hightex has a long history of building large span roofs and facades using 
architectural membranes, exemplified by the Abuja Stadium for the All African 
Games in 2003 as well as the Berlin Stadium, Germany, used for the most recent 
FIFA World Cup Final in 2006. In 2006 Hightex completed one of the largest 
membrane projects in the world, designing and constructing the energy-saving, 
sound-optimised, triple layer membrane roof for the Suvarnabhumi Airport in 
Bangkok, Thailand. 
 
 
Hightex recently completed its work on the membrane element of the new 
retractable roof over the Centre Court at the All England Club, Wimbledon. 
 
 
In a few weeks Hightex will finalise the membrane roof/facade as part of the 
upgrading of the First National Bank (FNB) Stadium in Johannesburg, South 
Africa, which will be the stadium for several first and second round matches, 
one quarter-final and the final match at the FIFA 2010 Football World Cup. In 
addition Hightex was awarded the complete membrane facade for the new Green 
Point Stadium in Cape Town also for the World Cup 2010. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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