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
  -0.0025p -2.94% 0.0825p 0.075p 0.09p 0.085p 0.0775p 0.085p 52,966,004 16:24:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 7.4 -1.4 -0.1 - 2.08

PCG Entertainment plc Issue of Equity

22/02/2017 12:31pm

UK Regulatory (RNS & others)


Pcg Ent (LSE:PCGE)
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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

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(END) Dow Jones Newswires

February 22, 2017 07:31 ET (12:31 GMT)

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