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CAPT Capital Ideas

0.055
0.00 (0.00%)
25 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Capital Ideas LSE:CAPT London Ordinary Share GB0031453953 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% 0.055 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Issue of Equity

05/09/2007 5:11pm

UK Regulatory


RNS Number:3667D
Capital Ideas PLC
05 September 2007

                               CAPITAL IDEAS PLC

                       ("Capital Ideas" or the "Company")



                    ISSUE OF EQUITY AND NOTICE OF INTERESTS



The Directors of Capital Ideas plc are pleased to announce that it has completed
a placing of 44,181,600 new ordinary shares of 0.1 pence each (the "Placing
Shares") at a price of #0.25 pence each raising in total #110,454.

The Company is planning to utilise these funds in order to take advantage of new
investment opportunities within the 'turnaround' market. Capital Ideas has
already identified, and is conducting due diligence on, a number of suitable
investments and is hopeful of making its next investment in the near future.



The shares have been placed with the following parties:


Name                     No. of Placing Shares     Resultant Holding         % Holding

Renwick Haddow*          20,000,000                75,653,036                26.3%
Robert Wing              24,181,600                24,181,600                8.4%

* Renwick Haddow is Chairman of the Company



Application has been made for the Placing Shares and the New Shares to be
admitted to trading on AIM on 11 September 2007 ("Admission").

In addition, the Company has issued 6,843,392 new ordinary shares of 0.1 pence
each to SVS Securities plc in lieu of agreed corporate broking fees (the "New
Shares").

Following Admission, the Placing Shares and the New Shares will rank pari passu
in all respects with the existing issued ordinary shares of 0.1 pence each in
the Company.

The total number of ordinary shares in issue following the Placing Shares and
New Shares will be 287,177,547.

Speaking today, Renwick Haddow, Chairman of Capital ideas stated: "We are
pleased to announce today's placing which will enable us invest in the
opportunities we are currently seeing. We are confident that we will continue to
identify suitable opportunities and make investments with the potential to
increase shareholder value. As an indication of my belief in the Company I have
personally invested #50,000 into new shares and I look forward to announcing the
details of our next transaction at the earliest opportunity"


For further information, please contact:

Renwick Haddow                     Capital Ideas plc                   +44 (0) 207 623 3345
David Youngman                     WH Ireland Limited                  +44 (0) 161 832 2174
Ian Callaway                       SVS Securities plc                  +44 (0) 207 638 5600





                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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