|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|Pcg Ent||LSE:PCGE||London||Ordinary Share||GI000A1171Y8||ORD 0.1P (DI)|
|Price Change||% Change||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)|
|Software & Computer Services||7.4||-1.4||-0.1||-||1.83|
PCG Entertainment plc Issue of Equity
UK Regulatory (RNS & others)
RNS Number : 5712X
PCG Entertainment plc
22 February 2017
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
22 February 2017
PCG Entertainment Plc
("PCGE" or the "Company")
PCG Entertainment Plc / Index: AIM / Epic: PCGE
Issue of Equity
PCGE, the AIM quoted Asia-Pacific online media and entertainment company, today announces it has raised GBP750,000 (before expense) through a placing via its broker, Beaufort Securities Limited, of 535,714,286 new ordinary shares of 0.1 pence each ("Ordinary Shares") at a price of 0.14 pence per new Ordinary Share (the "Placing").
The proceeds of the Placing will be used for general working capital purposes. The Placing has been undertaken within the Company's existing share authorities and is conditional only on admission of the new Ordinary Shares to trading on AIM ("Admission").
Application has been made for Admission, which is expected to occur on or around 28 February 2017. Following Admission, the Company's issued share capital will consist of 1,874,940,507 Ordinary Shares, with one voting right per share. PCGE does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 1,874,940,507. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.
Nick Bryant, CEO of PCGE plc, commented "This sale provides the working capital the company needs to realise the opportunities we have created over the past months. I look forward to up-dating the market on these opportunities in due course."
For further information:
PCG Entertainment plc Nick Bryant, CEO Tel: +44 20 8004 4699 Allenby Capital Nick Naylor / Nick Harriss Tel: +44 20 3328 / James Thomas 5656 Beaufort Securities Saif Janjua Tel: +44 20 7382 8300 Damson Communications Amelia Hubert Tel: +44 20 7812 0645
This information is provided by RNS
The company news service from the London Stock Exchange
(END) Dow Jones Newswires
February 22, 2017 07:31 ET (12:31 GMT)
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