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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
London Asia | LSE:LDC | London | Ordinary Share | GB0008251513 | 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% | 2.85 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4073O London Asia Capital PLC 04 July 2005 For immediate release: 4 July 2005 LONDON ASIA CAPITAL PLC ("London Asia" or "the Company") Holding in Company Issue of Shares Resignation of Director The Company was notified on 2 July 2005 that, following the placing announced by the Company on 24 June 2005 in which Scarborough Development Group China Ltd invested in 7,000,000 shares, at 15 pence per share Scarborough Development Group plc ("SDG") and associated businesses hold a total of 8,000,000 London Asia shares, which represents 3.75% of the issued share capital of London Asia. Cesidio Di Ciacca, London Asia non executive director, is a director of SDG. Following the exercise of warrants attached to the Convertible Loan Notes issued in 2003, 1,561,660 ordinary 5p shares have been issued at a share price of 5p per share, resulting in net proceeds to the Company of #78,083. Application will be made to admit the new ordinary shares to trading on AIM and admission is expected on 7 July 2005. Following the exercise, there are 214,986,154 ordinary shares in issue, and 386,917 warrants outstanding equal to 7,738,340 ordinary shares. Barry Gold, London Asia non executive director, has decided to step down from the London Asia Board with effect from 2nd July 2005 to pursue his other interests. Jack Wigglesworth, Chairman of London Asia, commented: "Barry has been with the Company since it's formation and the Board would like to express it's gratitude for all of the hard work put in by Barry over the years - we wish him well in his future ventures. We are delighted by the continued support shown by SDG in the Company, who originally invested in May 2003." For further information please visit www.londonasia.com or contact: Jeremy Carey/John West Tavistock Communications Tel: 020 7920 3150 This information is provided by RNS The company news service from the London Stock Exchange END HOLRIMRTMMBMMLA
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