ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

ORI Oriel Res.

121.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
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

Issue of Equity

12/05/2006 8:01am

UK Regulatory


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

1 Year Oriel Resources Chart

1 Year Oriel Resources Chart

1 Month Oriel Resources Chart

1 Month Oriel Resources Chart