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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Newfound | LSE:NFND | London | Ordinary Share | NL0000686764 | ORD EUR0.01 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.85 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 6485X Newfound N.V. 26 June 2008 Newfound N.V. ("Newfound" or the "Company") Result of AGM Newfound N.V. is pleased to announce that at the Annual General Meeting of the Company held earlier today, all resolutions proposed to shareholders were duly passed. The £15 million fundraising, through the proposed issue of Secured Notes and Warrants announced by the Company on 3 June 2008, is subject to a number of remaining conditions, including, inter alia, the granting of security over the assets of the Group and Admission. As announced in the Circular dated 3 June 2008, Agilo is entitled in certain circumstances to increase the rate of interest payable on the Secured Notes or to reduce the exercise price of the Warrants. Agilo has confirmed that as at close of business on 25 June 2008 it was not aware of any fact or circumstance which would cause it to exercise such rights. Application has been made for the Secured Notes and Warrants to be listed on the official list of the Luxembourg Stock Exchange and to be admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange. It is expected that Admission will become effective and that dealing in the Secured Notes and Warrants will commence in the week commencing 30 June 2008. Unless the context otherwise requires, defined terms used in this announcement shall have the same meaning as those in the Circular dated 3 June 2008. Enquiries: Newfound N.V. Simon Longfield, CFO +44 (0) 20 7470 2490 Collins Stewart Europe Limited Adrian Hadden +44 (0) 20 7523 8350 About Newfound: Newfound is a creator and operator of international luxury resorts and destinations. The Company has a high quality portfolio of resort projects at Humber Valley in Canada, and Pinney's Estate in Nevis and Ocean's Edge in St. Kitts, both in the Caribbean. Humber Valley Resort, with 2,200 acres, currently has over 210 privately owned properties the majority of which are available for rent. It is an all-season, luxury resort offering golf, world-class salmon fishing, sailing, skiing and a luxury spa. Newfound has an integrated business model based on destination master-planning, which generates revenues from multiple sources, including freehold land sales, construction and development, services to owners, the provision of leisure activities and the operation of concessions. Newfound is building an industry leading, world-class luxury lifestyle brand offering exceptional holiday experiences in luxurious homes, situated in locations of outstanding natural beauty. www.newfoundresorts.com This information is provided by RNS The company news service from the London Stock Exchange END RAGBUGDLLBDGGIL
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