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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Oriel Res. | LSE:ORI | London | Ordinary Share | GB0034246743 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 121.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:8600C Bond International Software PLC 12 May 2006 12 May 2006 BOND INTERNATIONAL SOFTWARE PLC ("BOND") SHARE PLACEMENT TO RAISE #3 MILLION Bond is pleased to announce that it has entered into an agreement with its nominated advisor and broker, Oriel Securities Limited ("Oriel"), under the terms of which Oriel will use its reasonable endeavours to place 2,608,696 fully paid ordinary shares of 1p each (representing approximately 10% of the Company's current pre-Placing issued share capital) ("Placing Shares") at a price of 115 pence per ordinary share to raise approximately #3 million, before expenses (" Placing"). After completion of the Placing, the issued capital of the Company will be 27,838,428 ordinary shares of 1p each. It is intended that the Placing Shares will be placed with institutional investors in London through a process managed by Oriel. The Placing is conditional, inter alia, on admission of the Placing Shares to trading on the AIM market of the London Stock Exchange which is expected to occur on 17 May 2006. From the date of issue the Placing Shares will rank equally with existing fully paid ordinary shares. The purposes of the Placing are to strengthen Bond's balance sheet so as to pursue Bond's growth strategy as well as meet institutional demand for Bond's stock. As a result of the Placing, Bond will have cash in the bank of approximately #5m. As and when suitable growth opportunities arise, including the possibility of further acquisitions, the Board believe that Bond will now be much better placed to negotiate and close such a transaction on the best possible terms to the benefit of Bond's shareholders. Commenting on the placement, Bond's Group Chief Executive, Steve Russell, stated that: "We are delighted with the response we have had from investors. The placing will strengthen our balance sheet which enables us to be more flexible when pursuing future growth strategies". For further information please contact Bruce Morrison Bond International Software plc 01903 707070 Andrew Edwards Oriel Securities Limited 020 7710 7614 This information is provided by RNS The company news service from the London Stock Exchange END IOEILFIAERILLIR
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