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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
IN Cup | LSE:ICU | London | Ordinary Share | GB00B06C2Z82 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.10 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:0228V In Cup Plus PLC 17 April 2007 In Cup Plus Plc ("In Cup Plus" or the "Company") Exercise of option agreement As part of the fundraising undertaken by the Company in July 2006, three option agreements were signed between Pacific Continental Securities (UK) Limited (" Pacific Continental") and the Company. The Board of In Cup Plus announces that on 2 April 2007 it exercised its right under the first of these option agreements to put #200,000 of ordinary shares to Pacific Continental. The Company will put 12,698,412 shares to Pacific Continental under the agreement, at a price of 1.575 pence per share, raising a total of #200,000. These shares represent 8.6 per cent. of the enlarged share capital of the Company and are expected to commence trading on AIM on 24 April 2007. Following admission, the Company will have 147,501,745 ordinary shares in issue. The period of time used to calculate the subscription price of the ordinary shares under the option agreements has been amended by the Company with Pacific Continental's agreement. Instead of using the average bid price of the Company's shares for the 21 calendar day period from the date of notice of exercise, it has been agreed that the period will be reduced to 10 working days from the date of notice of exercise with completion still taking place 21 calendar days following such exercise. Enquiries: In Cup Plus Martin Colenutt 0870 746 1888 Barry Marks Deloitte Corporate Finance Jonathan Hinton 020 7936 3000 James Lewis Pacific Continental Securities (UK) Limited David Morgan 020 7769 7769 Glynn Reece The directors of In Cup Plus accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the directors of In Cup Plus (who have taken all reasonable care to ensure that such is the case) the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. This information is provided by RNS The company news service from the London Stock Exchange END AGRSFIFMWSWSEFL
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