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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Xcap Securities | LSE:XCAP | London | Ordinary Share | GB00B3WHZR16 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.20 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMXCAP
RNS Number : 5185S
XCAP Securities PLC
08 November 2013
8(th) November 2013
XCAP Securities plc
("XCAP" or the "Company")
Placing and Issue of Equity of GBP0.9 million
The Board of XCAP (AIM: XCAP.L), the independent wealth management and capital markets investment bank, is pleased to announce that it has raised a total of GBP905,000 via the issue of 323,214,285 new ordinary shares of 0.1p each in the Company ("Ordinary Shares") at 0.28p per share (the "Placing").
Application will be made for the new Ordinary Shares to be admitted to trading on AIM and dealings are anticipated to commence on 13 November 2013, following which the Company will have 2,087,538,038 Ordinary Shares in issue. Proceeds will be used for general working capital purposes as the Company continues to execute its corporate strategy.
Under AIM Rule 21, XCAP directors and applicable employees were unable to participate in the Placing because the Company is currently in a close period ahead of the publication of its financial results. Once the close period has ended, it is XCAP's current intention to allow its directors and applicable employees the opportunity to subscribe for further Ordinary Shares on similar terms.
Nitin B Parekh, CEO commented "On behalf of the Board I would like to thank the placees for the confidence they have shown in our strategy. I am particularly pleased that a significant portion of the Placing is being taken up by new shareholders, who share our vision for the future."
Enquiries:
XCAP Securities plc
Nitin Parekh (CEO) +44 (0)20 3101 7070
Grant Thornton UK LLP
Philip Secrett / Melanie Frean +44 (0)207 383 5100
24/7 Communications
Bob Bion +44 (0)7810 692 594
This information is provided by RNS
The company news service from the London Stock Exchange
END
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