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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tembusu | LSE:TIL | London | Ordinary Share | BMG875261023 | ORD 1P (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.375 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTIL
RNS Number : 9493C
Tembusu Investments Limited
15 March 2011
15 March 2011
Tembusu Investments Limited
("Tembusu" or the "Company")
Issue of Equity
Tembusu Investments Limited is pleased to announce that it has raised GBP0.2m through the issue of 10,000,000 new ordinary shares (the "Subscription Shares") to Bernholz Limited , a company registered in the British Virgin Island and is 100% owned by Mr. Lawrence Cheung (the "Subscriber") at 2 pence per ordinary share (the "Subscription"). The net proceeds of the Subscription shall be GBP0.2m and will be used by Tembusu for working capital purposes.
Tembusu Chief Executive Officer Yun Zhang said, "We warmly welcome our new shareholder. We are optimistic that this will bring new opportunities to the Company and will strengthen the Company's financials."
As part of the Subscription, the Subscriber will be issued with warrants to subscribe for 30,000,000 new ordinary shares (the "Warrants"). The Warrants have an expiry date of 28 February 2013 and are conditional inter alia, on the Subscriber introducing an acquisition with certain defined parameters. Of the Warrants, 10,000,000 are exercisable at a price of 4p per share, 10,000,000 are exercisable at a price of 6p per share and the remaining 10,000,000 are exercisable at a price of 8p per share. No application will be made to admit the Warrants to trading on AIM.
Application will be made for the admission of the Subscription Shares to trading on AIM ("Admission") and it is expected that dealings in the new shares will commence on or around 21 March 2011. The Subscription Shares will rank pari passu in all respects with the existing ordinary shares of the Company, including the right to receive dividends and other distributions declared following Admission.
Following completion of the Subscription, there will be 70,000,000 ordinary shares of 1 pence each in issue. The Company does not hold any ordinary shares in treasury. Therefore the total number of ordinary shares in the Company with voting rights will be 70,000,000. 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 under the Financial Services Authority's Disclosure and Transparency Rules.
For further information please contact:
Tembusu Investments Tel: +65 65332233 Yun Zhang, Director Allenby Capital Limited Tel: +44 (0) 203 328 Brian Stockbridge/James Reeve 5656
For more information, please visit: www.tembusuinvestments.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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