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PRA Praesepe

5.625
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Praesepe LSE:PRA London Ordinary Share GB00B1263L43 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% 5.625 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Admission of new ordinary shares, issue of loan no (5240I)

16/06/2011 7:00am

UK Regulatory


Praesepe (LSE:PRA)
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RNS Number : 5240I

Praesepe PLC

16 June 2011

16 June 2011

Praesepe plc

("Praesepe" or the "Company" or the "Group")

Admission of new ordinary shares, issue of loan notes and bank debt repayment

Further to the announcement by the Company on 10 June 2011 that the offer by Marwyn Management Partners plc ("MMP") has been declared unconditional, the Company confirms that MMP has invested GBP3 million into Praesepe to provide the Company with the capital required to meet the remaining GBP2.35 million of the May instalment payable under Praesepe's senior credit agreement, and provide additional working capital for the business.

The Company confirms that MMP has subscribed for 20,265,814 new ordinary shares at a price of GBP0.075 per ordinary share which were admitted to trading on AIM on 15 June 2011. In addition, and as previously announced, MMP has also subscribed for GBP1,480,063.95 in unsecured loan notes in Praesepe.

The Company confirms that the remaining GBP2.35 million of the May instalment payable under its senior credit agreement, due for repayment by no later than 17 June 2011, has been repaid.

Ends

Contacts

Praesepe plc

Nick Harding, Chief Executive Officer Tel: +44 (0)7970 148000

Matthew Proctor, Chief Financial Officer Tel: +44 (0)7985 116578

Brunswick

Chris Blundell Tel: +44 (0)20 7404 5959

Claire Boszko

Liberum Capital (NOMAD and Broker)

Chris Bowman Tel: +44 (0)20 3100 2222

Richard Bootle

This information is provided by RNS

The company news service from the London Stock Exchange

END

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