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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:3128V London Asia Capital PLC 12 February 2004 Embargoed until 7.00 a.m. 12 February 2004 LONDON ASIA CAPITAL PLC ("London Asia" or "the Company") Placing Raises #1.28 million The Company is pleased to announce that Durlacher Limited, as agent for the Company, is proposing to place 7,997,800 new ordinary shares of 5p each ("the Placing") with institutional investors at a price of 16p per share, subject to admission to trading on AIM. The placing is expected to raise approximately #1.28 million gross of expenses and approximately #1.21 million net of expenses. Application will be made to admit the new ordinary shares to be issued pursuant to the Placing to trading on AIM and admission is expected on 16th February 2004. The total number of issued ordinary shares in the Company admitted to AIM following the placing will be 68.3 million. The Company has a number of projects under negotiation which it hopes to close in the near future. The proceeds from the Placing will be used to fund these and future projects to continue to expand the Company's investment portfolio. Simon Littlewood, Chief Executive of London Asia, said: "This placing replaces the funds used in December 2003 for the exercise of the Beijing Success option, and provides us with a pool of funds for the closing of transactions we have been working on for several months and hope to close in the first quarter of 2004." ENQUIRIES: Paul Quade, City Road Communications Tel 020 7334 0243 7th Floor, Roman House Wood Street London EC2Y 5BA This information is provided by RNS The company news service from the London Stock Exchange END IOEBIGDDRBBGGSB
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