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SCGL Sealand Capital Galaxy Limited

0.08
-0.005 (-5.88%)
Last Updated: 08:48:36
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sealand Capital Galaxy Limited LSE:SCGL London Ordinary Share KYG7948E1026 ORD SHS GBP0.0001 EACH (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005 -5.88% 0.08 0.07 0.09 0.085 0.08 0.085 900,000 08:48:36
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investment Advice 247k -178k -0.0002 -4.00 572.65k

Sealand Capital Galaxy Limited Issue of Equity (0754U)

19/10/2017 9:54am

UK Regulatory


Sealand Capital Galaxy (LSE:SCGL)
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TIDMSCGL

RNS Number : 0754U

Sealand Capital Galaxy Limited

19 October 2017

Not for release, publication or distribution, directly or indirectly, in whole or in part in or into the United States or any jurisdiction other than the United Kingdom and the Cayman Islands where to do so would constitute a contravention of the relevant laws or regulations of such jurisdiction. This announcement (and the information contained herein) does not contain or constitute an offer to sell or the solicitation of an offer to purchase, nor shall there be any sale of securities in any jurisdiction where such offer, solicitation or sale would constitute a contravention of the relevant laws or regulations of such jurisdiction.

19 October 2017

SEALAND CAPITAL GALAXY LIMITED (LSE: SCGL)

("Sealand", "SCGL" or "the Company")

Placing

Sealand today announces the placing of 10,000,000 ordinary shares of GBP0.0001 each in the capital of the Company ("Placing Shares") to new investors at GBP0.09 per Placing Share, raising GBP900,000 (the "Placing").

The Placing is conditional on admission of the Placing Shares to the standard segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities ("Admission").

The Placing Shares will represent approximately 1.98 per cent. of the enlarged issued share capital of the Company. The Placing Shares will be fully paid and will rank pari passu in all respects with the existing ordinary shares of GBP0.0001 each in the Company ("Ordinary Shares") including the right to receive all dividends and other distributions declared, made or paid after the date of issue.

Admission to trading and listing

The Company has applied for Admission. It is expected that Admission will become effective and that dealings in the Placing Shares will commence at 8.00 a.m. on 25 October 2017. The total number of Ordinary Shares in issue following completion of the Placing, and the total number of voting rights, will be 504,050,000

The above figure of 504,050,000 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Sealand under the FCA's Disclosure and Transparency Rules.

-ends-

Enquiries:

Sealand Capital Galaxy

Nicholas Lyth, Non-Executive Director 07769 906 686

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Notes to Editors:

-- Sealand Capital Galaxy Limited (LSE: SCGL) is engaged in the investment and acquisition of IT and social media businesses in the APAC region with high growth potential.

   --     Further information on Sealand is available on its website http://www.scg-ltd.com/ 

Disclaimer

This announcement contains certain forward-looking statements. These statements are made by the Company's directors in good faith based on the information available to them up to the time of their approval of this announcement but such statements should be treated with caution due to inherent uncertainties, including both economic and business factors, underlying such forward-looking information. This announcement has been prepared solely to provide additional information to shareholders to assess the Group's strategies and the potential for those strategies to succeed. This announcement should not be relied on by any other party or for any other purpose.

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEMLBPTMBABMJR

(END) Dow Jones Newswires

October 19, 2017 04:54 ET (08:54 GMT)

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