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Name | Symbol | Market | Type |
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WisdomTree US SmallCap Dividend Fund | AMEX:DES | AMEX | Exchange Traded Fund |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 34.07 | 0 | 09:00:06 |
RNS Number:4960U Desire Petroleum PLC 21 January 2004 Desire Petroleum plc ("Desire" or "the Company") Results of the Open Offer On 24 December 2003, the Board of the Company announced the terms of a placing of 35,313,100 new ordinary shares of 1p each in the Company ("New Ordinary Shares") at 10p per share and an open offer of up to 37,500,184 New Ordinary Shares at 10p per share, on the basis of 1 New Ordinary Share for every existing ordinary share of 1p each in the Company ("Existing Ordinary Shares"), to raise in aggregate up to approximately #6.97 million (after expenses). The Directors intend that the net proceeds of the placing and the open offer will: a. enable the Company to enter into a seismic survey agreement to engage Fugro Geoteam A/S ("Fugro") to carry out a 3D seismic survey in the North Falkland Basin and funds will also be used to pay for the interpretation of the 3D seismic data collected by Fugro; b. repay an outstanding loan in the sum of #100,000 plus interest to Phipps and Company Limited; c. pay certain deferred fees to each of Phipps and Company Limited (partly in respect of Directors' fees owed to Stephen Phipps), Molard Financial Management Services SA (in respect of the services of Walter Ian Logan Forrest), Dr Alan John Martin, Dr Ian Gordon Duncan and QM Marketing Limited (in respect of the services of Dr David Quick). These deferred fees total #396,560 (plus VAT where applicable) in aggregate. However, certain of the aforementioned persons have agreed to subscribe for 4,015,600 New Ordinary Shares in aggregate which, at the Issue Price, represents an aggregate cash subscription of #401,560. The balance of the funds raised from the Placing and the Open Offer will be used as additional working capital. The Board of the Company is pleased to announce that by 3.00 p.m. on 20 January 2004, being the latest time and date for receipt of application forms and payment in full under the open offer, 14,867,150 New Ordinary Shares offered via the open offer had been applied for. A further 35,313,100 New Ordinary Shares have been subscribed for by investors under the placing. Accordingly, a total of 50,180,250 New Ordinary Shares are to be issued under the placing and the open offer which, at the issue price of 10p per share, amounts to approximately #5 million before expenses. Application has now been made for a total of 50,180,250 New Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange plc. Dealings in the New Ordinary Shares are expected to commence at 8.00 a.m. on 22 January 2004. This information is provided by RNS The company news service from the London Stock Exchange END ROIQKDKKABKDODB
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