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Name | Symbol | Market | Type |
---|---|---|---|
Broadband Holdrs Trust | AMEX:BDH | AMEX | Fund |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
RNS Number:3667Q Brandon Hire PLC 1 October 2003 Brandon Hire PLC ("Brandon Hire") Placing Brandon Hire announces a placing of 2,691,850 ordinary shares in Brandon Hire at a price of 80p per share to raise approximately #2.05 million, after expenses, for Brandon Hire (the "Placing"). The funds raised through the Placing will allow Brandon Hire to take advantage of a number of identified acquisition and development opportunities to further increase the geographical coverage of Brandon Hire and to strengthen its branch network in the areas where it currently operates. Brandon Hire has today entered into a placing agreement with Collins Stewart Limited, under which Collins Stewart Limited has agreed to use its reasonable endeavours to procure subscribers for the new ordinary shares to be issued under the Placing. The Placing is subject only to the new ordinary shares being admitted to the Official List of the UK Listing Authority and to trading on London Stock Exchange plc's market for listed securities. The new ordinary shares will rank pari passu in all respects with existing issued ordinary shares in Brandon Hire. Admission of the new ordinary shares is expected to become effective at 8.00 am on 6 October 2003. Charles Skinner, Chief Executive of Brandon Hire, commented: "This equity raising, our first for over five years, will allow us to take advantage of the many opportunities available to us to increase our geographic coverage. It should also enable our core business to maintain its growth rate which has been averaging 25% a year over the last ten years. The strength of our business, both in terms of current trading and the quality of our people and systems, should ensure that we can comfortably manage this continued growth. " This information is provided by RNS The company news service from the London Stock Exchange END IOEURVVROARKOAR
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