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Name | Symbol | Market | Type |
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Etf Lcad Susd � | LSE:CADP | London | Exchange Traded Fund |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 3,156.50 | 3,154.00 | 3,159.00 | 0 | 01:00:00 |
TIDMCADP Captive Audience Display Solutions Plc-Revised Share for Share Transaction Announcement Captive Audience Display Solutions Plc ("CADS" or "the Company") Revised Share for Share Transaction Announcement On an announcement released this morning at 7.15am GMT, the Company would like to revise the announcement to replace the Euro Symbol which did not translate correctly on publication with "Euro". The directors of CADS are pleased to announced that pursuant to a Memorandum of Understanding ("MOU") entered into between CADS and Proventus Energy PLC ("PE"), a company registered in England and having its registered office at 2 Mill Street, Bedford, Bedfordshire, MK40 3HD CADS has agreed a share transaction whereby it will acquire a 3.916% stake in PE. The nature of the transaction is summarised as follows: a) CADS will acquire a 3.916% stake in PE. b) To complete this transaction as contemplated within the terms of the MOU, CADS will issue to PE 50,000,000 Ordinary Shares of Euro0.0001 each at a price of Euro0.02 to include a share premium of Euro0.0199 per share. c) Following the issue of these shares PE will hold 17.58% of the enlarged share capital of CADS. In consideration for the issuance of such number of Ordinary shares, PE in turn will issue to CADS 3,340,000 of its Ordinary shares of GBPGBP0.01 each. d) The imputed value of the consideration being paid to CADS is considered to be Euro0.02 per Ordinary Share to be issued in CADS giving a total consideration of Euro1,000,000. The principal asset of PE is a wholly owned subsidiary company Proventus Energy Bulgaria Ogranistschena Otgovomost Druschestvo ("OOD"), a company registered in Bulgaria, whose only asset is a project which is 80% owned by that subsidiary company and known as Dobrotich Wind Farm Project, Bulgaria. The Dobrotich Wind Farm Project has a total capacity of 200 MW, and is situated in Bulgaria - East Europe at a distance of approximately 50 km from the Black Sea. The rational for this transaction is to allow both companies to explore each other's business model and to identify possible synergies and future revenue generating opportunities. Following the issuance of the 50,000,000 Ordinary Shares by CADS, the total number of Ordinary Shares in issue will be 284,348,564. The Directors shareholding following the issuance remains at 22,700,769 which will represent 7.98% of the enlarged share capital. Liam McGrattan, Lisa McDonnell, Graham Curtis and Keith Jordan as Directors of Captive Audience Display Solutions plc are responsible for the contents of this announcement. Contact Details: Captive Audience Display Solutions Plc Mr. Liam McGrattan Tel. Ireland: +353 1 823 0510 LHM Casey McGrath Mr. Con Casey Tel. Ireland: +353 1 495 9200 Con.casey@lhmcaseymcgrath.ie Captive Audience Display Solutions plc
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