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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:7995N Europasia Education PLC 13 December 2006 13 December 2006 EUROPASIA EDUCATION plc ("EPE" or "the Company") Increased Stake in China Education Group EPE has increased it's stake in PLUS listed China Education Group ("CEG") from 15.3% to 16.9% via the acquisition of shares, at a cost of #352,398, at 42p per share, being the market price of the shares as listed on PLUS on 12 December. Issue of equity Notice has been received from Springleaf Investments Ltd to exercise 100,000 warrants at #1 per share, resulting in net proceeds to the Company of #100,000 and the issue of 2 million new Ordinary Shares of the Company at an issue price of 5p per share. Following the exercise of the warrants, Springleaf Investments Ltd has no warrants in EPE and holds 3.5% of the ordinary shares in the Company. Notice has been received from London Asia Capital plc to exercise 52,398 warrants at #1 per share, resulting in net proceeds to the Company of #52,398 and the issue of 1,047,960 new Ordinary Shares of the Company at an issue price of 5p per share. Following the exercise of the warrants, London Asia capital plc has 400,000 EPE warrants and holds 11.6% of the ordinary shares in the Company. Application will be made to admit the 3,047,960 new Ordinary Shares to trading on AIM and admission is expected to occur on 20 December 2006. The total number of issued Ordinary Shares in the Company following the issue will be 57,008,523. James Holmes, EPE Chairman, said "This additional investment in CEG, following its excellent results released at the end of last month, is in line with our strategy of seeking to increase our holding to 20%, which would enable EPE to show its share of CEG's profits in EPE's accounts going forward. We are continuing to talk with the holders of EPE warrants and other potential providers of finance to enable us to hit our 20% target." For further information visit www.europasiaeducation.com or contact: James Holmes, Chairman Paul Quade EuropAsia Education plc City Road Communications 020 7355 7928 020 7248 8010 This information is provided by RNS The company news service from the London Stock Exchange END IOEAKNKBDBDDQBD
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