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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Dimension Res.S | LSE:DMR | London | Ordinary Share | BMG276151062 | 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% | 0.40 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9398O Dimension Resources Ld 21 August 2003 Dimension Resources Limited Press Release Dimension Resources Limited announces that it has today placed 60,000,000 ordinary shares of 0.1p each at 0.5p per share, to raise #300,000 before expenses. The proceeds of the issue will be used for working capital. Application has been made for the shares to be traded on AIM and admission is expected on 29 August 2003. With effect from today Mr Geoffrey Hoodless has joined the board of Dimension as a non executive director. Information regarding Mr Hoodless is attached to this release. As part of the placing referred to above, Brian Moritz, the chairman of Dimension, has subscribed for 3,000,000 shares. Geoffrey Hoodless subscribed for 20,000,000 shares under the placing. He had no previous interests in the company's shares. Following the placing the following 3% shareholdings fall to be disclosed. Name Number of shares % Brian Moritz 8,197,467 5.0 Geoffrey Hoodless (Note 1) 20,000,000 12.2 Hoodless Brennan and Partners Limited 30,000,000 18.3 Note 1 Geoffrey Hoodless is holding 10,000,000 of his shares in his own name and 10,000,000 are held by Savanna Business Limited, of which Geoffrey Hoodless is the beneficial owner. Commenting on the placing, Brian Moritz said: "Dimension has been held back by lack of cash from achieving its objectives. This placing will enable the production equipment to be upgraded to assist in meeting demand for the Group's stone. I welcome Geoff Hoodless to the board. His input in the field of acquisitions and funding will be particularly valuable" Contacts: Brian Moritz, Chairman - 0870 991 2367 Maxine Barnes, Financial PR - 020 7430 1600 Gerry Beaney, Nominated Adviser - 020 7728 2589 INFORMATION REQUIRED BY THE AIM RULES: In accordance with paragraph (f) of Schedule 2 of the AIM rules, Mr Geoffrey Alan Hoodless' (aged 54) current and past directorships over the last five years are as follows: Current Past HBBC plc Hoodless Brennan & Partners plc HB Corporate Finance Limited Raven Managers Limited HBP Limited Hoodless Brennan & Associates Limited Raven Nominees Limited Tom Hoskins plc YPCS 126 plc The Company confirms that no other details are required to be disclosed under paragraph (f) of Schedule 2 of the AIM rules. This information is provided by RNS The company news service from the London Stock Exchange END IOEILFIRTEILFIV
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