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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Zyzygy | LSE:ZYZ | London | Ordinary Share | GB0009585182 | 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% | 0.08 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7401L Zyzygy PLC 14 January 2008 Zyzygy plc ("Zyzygy" or the "Company") Placing of shares The directors of Zyzygy today announce that they have placed a total of 110,000,000 Ordinary Shares of 0.1p each at a price of 0.25p per share. The shares have been issued to Billam AG in respect of monies owed by the Company to Billam AG for providing financial and advisory support to the Company and its investee companies and to the Company's chairman, Duncan Lipscombe, for amounts owed to him in respect of sums loaned to Zyzygy and its investee companies. Their resultant holdings are as follows: Number of shares Resultant holding Percentage of total voting subscribed rights (991,658,666 shares) Duncan Lipscombe 30,000,000 73,878,199 7.45% Billam AG 80,000,000 227,666,667 22.96% Application is being made for the shares to be admitted to trading on AIM with admission expected to take place on Monday 21 January 2008. By virtue of the size of the placing and because Billam AG is a substantial shareholder in the Company, this placing falls to be disclosed as a related party transaction under Rule 13 of the AIM Rules for Companies. The Zyzygy directors, having consulted with the Company's nominated adviser, consider that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned. Contact: Zyzygy plc Duncan Lipscombe (Chairman) 07775 681648 Grant Thornton Corporate Finance Philip Secrett/Colin Aaronson 020 7383 5100 This information is provided by RNS The company news service from the London Stock Exchange END LISMGGMMVDVGRZM
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