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IHGP IN House

14.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
IN House LSE:IHGP London Ordinary Share GB00B3Y0R059 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% 14.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Issue of Equity

05/08/2009 5:23pm

UK Regulatory



 
TIDMIHGP 
 
For Immediate Release 5 August 2009 
 
               IN HOUSE GROUP PLC ("In House" or the "Company") 
 
                                ISSUE OF EQUITY 
 
The Company announces that, today, further to the announcement made on 3 July 
2009 the Company has received a second tranche on the placing of GBP27,000 and 
hence has issued 385,714,285 Ordinary Shares at 0.007p per share, being a 65% 
discount on the current bid price, as a result. These funds will be used to 
settle outstanding creditors, provide additional working capital and finance 
upgrades to some of the Group's property stock to enhance its rental yield and 
realisable value. 
 
The remaining tranches will also result in Ordinary Shares being issued at a 
65% discount on the bid price on the preset dates of settlement (within a 
collar price of 0.007p and a cap price of 0.014p). The appropriate 
announcements will be made after each settlement date and subsequent share 
issue. 
 
In addition, the placees have also been granted warrants on a one for one 
basis, priced at the same price as the shares to which they relate, 0.007p per 
warrant, exercisable at any date up to 30 June 2012. 
 
As a consequence of the share issue Tahir Khaliq will hold 5.75% of the shares 
in the Company being 333,333,333 Ordinary Shares and UEB Consulting will 
increase its holding to 285,714,286 Ordinary Shares representing a shareholding 
of 4.93%, of the Company's then issued share capital. 
 
Application has been made for the 385,714,285 new Ordinary Shares, which will 
rank pari passu with the existing Ordinary Shares, to be admitted to trading on 
AIM and trading is expected to commence on 11 August 2009. As a result the 
Company's enlarged issued share capital will be 5,800,956,580 Ordinary Shares. 
 
Contact: Marcus Cassidy, In House Group Plc on 0845 061 9999 
 
mcassidy@ihgroup.co.uk 
 
Roland Cornish, Beaumont Cornish Limited, 
 
0207 628 3396 
 
 
 
END 
 

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