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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Alexandra | LSE:AXD | London | Ordinary Share | GB0000143353 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAXD RNS Number : 2006I Alexandra PLC 08 March 2010 Alexandra PLC ("Alexandra" or "the Company") Announcement of proposed fundraising to raise capital through equity capital markets, change of year end and end of offer period Further to previous announcements regarding the future funding and capital structure of the Company, the Board is pleased to announce that it intends to strengthen the Company's balance sheet by seeking to raise funds through the equity capital markets. The Board believes that such a fundraising would provide the Company with the required longer term funding structure it needs, and would enable it to capitalise on opportunities to increase its market share. The Company is in advanced discussions with its banks in relation to the provision of appropriate new debt facilities in the context of the proposed fundraising. As announced on 26 February 2009, the Company's current facilities remain on the same terms as previously announced save that the next review date is now 31 March 2010. It is intended that existing, as well as new shareholders would have the opportunity to participate in the proposed fundraising. On 12 November 2009 the Company announced a strategic review one of the possible outcomes was an offer for the company and the Company therefore went into an offer period under the rules of the Takeover Code. The Company confirms it is no longer considering an option that includes an offer for the company and therefore the Offer Period ends. For operational reasons the Board intends to change the financial year end of the Company to 31 March, and so the Company's next Annual Report will cover the fourteen months to 31 March 2010. The Board anticipates that another update will be provided when the fundraising proposal has been progressed further. -Ends- Enquiries: +------------------------------+------------------------------+ | Alexandra plc | 01454 876 003 | | Tim Gifford, Elaine New | | +------------------------------+------------------------------+ | | | +------------------------------+------------------------------+ | Arden Partners plc | 020 7614 5900 | | Richard Day, Fred Walsh | | +------------------------------+------------------------------+ | | | +------------------------------+------------------------------+ | Evolution Securities | 020 7071 4300 | | Tim Worlledge, Adam Lloyd | | +------------------------------+------------------------------+ | | | +------------------------------+------------------------------+ | Pelham | 020 7337 1515 | | Gavin Davis, Charles Goodwin | | +------------------------------+------------------------------+ This information is provided by RNS The company news service from the London Stock Exchange END MSCSSAFAIFSSEFD
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