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PHSC Phsc Plc

22.00
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Phsc Plc LSE:PHSC London Ordinary Share GB0033113456 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 22.00 21.00 23.00 22.00 22.00 22.00 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Health & Allied Services,nec 3.44M 243k 0.0220 10.00 2.43M

PHSC PLC - Placing to raise £350,000

19/08/2016 7:00am

PR Newswire (US)


Phsc (LSE:PHSC)
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19 August 2016

PHSC PLC

("PHSC", the "Company")

Placing to raise £350,000

PHSC plc, a leading provider of health, safety, hygiene and environmental consultancy services and security solutions to the public and private sectors, announces that, in response to investor demand communicated to it yesterday, it has raised £350,000 (before expenses) through a placing of 1,590,909 new ordinary shares of 10p each (“Ordinary Shares”) with new investors at a price of 22p per share, arranged by Beaufort Securities Limited (the “Placing Shares”). The Placing Shares represent 10.8 per cent. of the enlarged issued Ordinary Shares of the Company.

Use of proceeds

The funds will provide PHSC with additional working capital including for ongoing expenditure relating to recent acquisitions.

Placing Shares

The Placing Shares will be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared on or after the date on which they are issued.

Application will be made for admission of the Placing Shares to trading on AIM (“Admission”) and it is expected that Admission will be effective on or around 8.00 am on 5 September 2016.

Total voting rights

Following Admission, the Company's total issued share capital will comprise of 14,677,257 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares with voting rights in the Company will be 14,677,257. 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 following Admission under the FCA's Disclosure Guidance and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information please contact:

PHSC plc
Stephen King  
Stephen.king@phsc.co.uk
www.phsc.plc.uk          
              
01622 717700
Northland Capital Partners Limited (Nominated Adviser)
Edward Hutton/David Hignell
0203 861 6625
Beaufort Securities Limited (Broker)
Elliot Hance
020 7382 8300

About PHSC

PHSC plc, through its trading subsidiaries Personnel Health & Safety Consultants Ltd, RSA Environmental Health Ltd, Adamson's Laboratory Services Ltd, QCS International Ltd, Inspection Services (UK) Ltd and Quality Leisure Management Ltd, provides a range of health, safety, hygiene, environmental and quality systems consultancy and training services to organisations across the UK. B to B Links Ltd and SG Systems (UK) Ltd offer innovative retail security solutions including tagging, labelling and CCTV.

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