The People's Operator PLC Share Price Movement (1167P)

TIDMTPOP

RNS Number : 1167P

The People's Operator PLC

14 November 2016

The People's Operator plc

("TPO" or the "Company")

Share Price Movement

The Company notes the significant decline in its share price this morning. As set out in the Company's interim results released on 12 October 2016, the Board is considering further funding options and its major shareholders had stated their intention to provide further funds for growth. It was stated that these funds would be invested as to GBP1m equity at a price of 16.7p per share if other shareholders were also prepared to invest GBP1m at the same price or in the alternative the funds would be made available as a loan on terms to be agreed with the Board. The Board does not believe that GBP1m is available from other shareholders at 16.7p per share but has been exploring an equity raise at a significant discount to the current share price as a preference to debt financing.

Further announcements will be made in due course.

For further information

 
The People's Operator plc 
 Nick Dashwood Brown, Head of Investor   020 7251 
 Relations                                   6648 
finnCap Ltd 
 Stuart Andrews / Christopher Raggett    020 7220 
 / Simon Hicks                               0500 
 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014

This information is provided by RNS

The company news service from the London Stock Exchange

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November 14, 2016 07:33 ET (12:33 GMT)