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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Europasia | LSE:EPE | London | Ordinary Share | GB00B0N9QD87 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:3825X Europasia Education PLC 25 January 2006 EUROPASIA EDUCATION plc #1 million Fund Raising Successfully Completed EuropAsia Education plc ("EPE" or "the Company"), the AIM-listed educational group, is pleased to announce that it has successfully raised #1 million via the issue of unlisted Convertible Loan Notes of #1 each. Part of the money was used to increase the Company's stake in China Education Group ("CEG") as part of it's listing on Ofex. EPE now holds 13.4% of CEG's ordinary shares, and #387,755 Loan Notes. At the current market price, EPE's holding in CEG is valued at #2.8 million, nearly double the value of its original investment. EPE plans to use part of the remaining funds to acquire a minority stake in a profitable private Chinese college. Negotiations are currently underway and a further announcement will be made in due course. The EPE Convertible Loan Notes pay interest of 10 per cent per year with a conversion price of 5p per share and 100 per cent warrant coverage. EPE Chairman, James Holmes, said: "The funds raised will enable us to make additional profitable investments as we continue to build on the success of our investment in CEG, where our investment of #1.4 million has nearly doubled in value." For further information visit www.europasiaeducation.com or contact: James Holmes, Chairman 020 7248 7578 EuropAsia Education plc Paul Quade 020 7248 8010 CityRoad Communications 07947 186694 About Europasia Education plc EPE is an AIM listed education investment group, focused on opportunities in Europe and Asia. It currently has three investments: * A stake in Ofex listed China Education Group, which operates a profitable private college in China * 100% of Bournemouth Education Ltd, which trades as English 2000, an English language and work experience placement business based in Bournemouth, UK,; * 100% of Columbia International, trading under the name Management International, an education consulting and work placement business based in London. This information is provided by RNS The company news service from the London Stock Exchange END IODBIMATMMJTBTF
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