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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mobestar | LSE:MOBS | London | Ordinary Share | GB00B12B4Q16 | 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% | 1.375 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Mobestar Holdings Plc ("Mobestar" or the "Company") Issue of equity and trading update Issue of equity The board of the Company is pleased to announce that the Company has today issued and allotted 1,450,000 new ordinary shares in the Company at a price of 20 pence per share raising gross proceeds of £290,000. The proceeds will be used to provide the Company with additional working capital. Issue of warrants Each new ordinary share issued pursuant to the above issue of equity has attached to it a warrant entitling the holder to subscribe for a further new ordinary share in the Company exercisable at a price of 40 pence per share. The warrant may be exercised at any time until the second anniversary of their issue. Subsequent to the above the enlarged issued share capital of the Company comprises of 39,401,480 ordinary shares of 1 pence each. Application has been made for the new ordinary shares to be admitted to trading on AIM. Trading is expected to commence on or around 28 August 2007. The new ordinary shares will rank pari passu with the existing ordinary shares. Trading update Subsequent to the announcement made by the Company 21 September 2006 in relation to Mobestar securing its first major mobile dating contract with QSoft Consulting Limited, the leading gay media owner, the board announces that the system have now been fully deployed on a commercial basis. The Company accrues revenue in real time with usage of its systems and will make an update to the market once the usage and financial information covering a representative period becomes available. End Contact Liam Murray, Nominated Adviser City Financial Associates Limited Tel 020 7090 7800 END
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