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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Eicom | LSE:EIC | London | Ordinary Share | GB00B139BP28 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.35 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:8392M Eicom PLC 27 May 2005 EICOM PLC ("Eicom" or "The Company") Regulatory News Service Announcement 27 MAY 2005 Placing of new Ordinary Shares to raise a minimum of #250,000 Further to today's announcement of the Company's acquisition of Job Channel Limited, the directors of Eicom are pleased to announce that the Company has conditionally raised #250,000 through a placing of 45,454,545 new Ordinary Shares in the Company at 0.55p per share. The funds raised will be used to purchase programme licences for the Performance Channel, in order to increase its audience share, and to provide working capital for the Company's new acquisition of the Job Channel, in order to enhance its IT facilities and provide new marketing. The fundraising, which is not underwritten, is conditional upon the passing of shareholder resolutions to allow the directors to allot new Ordinary Shares free from pre-emption rights at an Extraordinary General Meeting to be held on 21 June 2005 and upon the admission to trading on AIM of the new Ordinary Shares. Commenting on the fundraising, Eicom's chairman, John Sanderson, said: "We are making good progress in our strategy of building a portfolio of digital TV channels. This new money will be used to develop the Performance Channel, which we acquired in January, and the Job Channel, the acquisition of which we announced today, by investing in new programming and enhanced marketing." For further information contact: Steve Timmins Eicom plc 07005 964091 Nick Hooper Credo Capital plc 020 7291 3724 Fiona Reid Grant Thornton UK LLP 020 7383 5100 Notes to Editors: Eicom plc's business is the management and exploitation of digital TV channels. The company owns one international TV channel (ETV World, a science and technology channel), which is being rolled out across the world; it acquired a UK based digital TV channel (Performance Channel) in January 2005 which is currently transmitting free-to-air on Sky and Telewest and Eicom is also transmitting, from June 2005, a horror movie channel (ETV Horror) on BT Rich Media - the telecom operator's broadband environment. This information is provided by RNS The company news service from the London Stock Exchange END IOEBIGDUCDDGGUL
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