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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 |
TIDMPRA
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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