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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Betbrokers | LSE:BETB | London | Ordinary Share | GB00B1C4T436 | ORD 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9918P Betbrokers PLC 13 March 2008 Press Release 13 March 2008 Betbrokers plc ("Betbrokers" or "the Group") Issue of loan note Placing of equity Betbrokers plc, (AIM: BETB), the UK's first retail and wholesale brokerage and clearing house for the sports betting industry, is pleased to announce that the Group has raised £495,000 via the issue of 10 per cent secured loan notes due 2013. In addition, Betbrokers has also raised £57,750 before expenses through an institutional placing of 5,775,000 new ordinary shares of 0.25p each (the " Placing Shares") at a price of 1p per share (the "Placing"). The proceeds will be used to further facilitate the Group's growth and ongoing working capital requirements. Application has been made for the Placing Shares to be admitted to trading on AIM, which is expected to take place on 18 March 2008. Following the Placing, the enlarged share capital of the Company will be 314,172,753 ordinary shares of 0.25p each. The Placing Shares will rank pari passu in all respects with the existing issued ordinary shares of 0.25p each, with each share carrying the right to one vote. - Ends - For further information, please contact: Betbrokers plc Wayne Lochner, Chairman and Chief Executive Tel: +44 (0) 20 7127 9815 wlochner@betbrokers.com www.betbrokers.com Daniel Stewart & Company plc Simon Leathers Tel: +44 (0) 20 7776 6550 www.danielstewart.co.uk Media enquiries: Abchurch Communications Chris Lane / Franziska Bohnke Tel: +44 (0) 20 7398 7708 franziska.boehnke@abchurch-group.com www.abchurch-group.com About Betbrokers plc Betbrokers is the UK's first independent betting brokerage. The Company facilitates transactional business between both retail gamblers and wholesale clients. The Company's operations were formally launched in 2005. Betbrokers provides services, from its dedicated dealing room in London's Canary Wharf, to two groups of participants within the gambling industry: * The Company provides its retail customers with the advantage of best price execution together with the ability to deal 'in size' in a majority of sporting events. Retail customers will soon be able to access advanced data-sales and trading analysis platforms, which feed from aggregated internal price mechanisms. * Betbrokers already has agreements with over 100 bookmakers, providing them with the opportunity to take on additional bets from retail customers. Importantly, the Company also offers bookmakers a facility to effectively manage their risk exposure by hedging positions anomalously using Betbrokers as an intermediary to deal with the other bookmakers. Betbrokers floated on the AIM market of the London Stock Exchange in November 2006. Further information is available on the Company at: www.betbrokers.com This information is provided by RNS The company news service from the London Stock Exchange END IOEFKBKPOBKDQND
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