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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 |
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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