![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Straight | LSE:STT | London | Ordinary Share | GB0033695486 | 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% | 77.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:3905D StartIT.com PLC 7 January 2000 Placing at 17.75p to raise #887,500 Introduction The Placing of 6,000,000 new ordinary shares of 1p each at 14.5p per share to raise approximately #828,250 (net of expenses) was successfully completed following the passing of the necessary shareholder resolutions on 22 December 1999 and Admission of the new ordinary shares to AIM on the 23 December 1999. The Company has been approached again by an institution which has expressed its willingness to subscribe for 5,000,000 new ordinary shares of 1p each ("the Placing Shares") at 17.75p per share. The Placing will raise approximately #840,000 (net of expenses) for the Company. The directors believe that whilst institutional appetite exists to subscribe for new shares in the Company, advantage should be taken of this opportunity to raise additional working capital to broaden the number and size of investments the Company makes in start-up and early stage internet related and IT companies and to improve the liquidity in the Company's shares. To give effect to this proposal, the directors require the authority of the shareholders to allot the Placing Shares and to be empowered to allot the Placing Shares for cash otherwise than pro rata to existing shareholders. Accordingly a letter is today being sent to shareholders giving notice of an extraordinary general meeting to be held on 31 January 2000 at which the resolutions necessary to approve and implement the Placing will be proposed. The Placing By a placing letter dated 23 December 1999, the Company has agreed to issue 5,000,000 Placing Shares at 17.75p per share conditional upon the passing of the necessary resolutions at the extraordinary general meeting of the Company and admission of the Placing Shares to trading on AIM becoming effective by not later than 8.30 a.m. on 1 February 2000. Completion of the Placing is expected to take place immediately following the extraordinary general meeting of the Company. Application will be made for the Placing Shares to be admitted to trading on AIM and dealings are expected to commence on 1 February 2000. Market Dealings The following table shows the middle market quotations for the ordinary shares of the Company derived from the AIM section of the Daily Official List on the first dealing day in each week commencing the week beginning 6 December 1999 and on 4 January 2000 the latest practicable date prior to the printing of the placing letter: Price 4 January 2000 22.75p 29 December 1999 23.25p 20 December 1999 17.50p 13 December 1999 21.25p 6 December 1999 24.50p Current Trading At the time of admission to the Alternative Investment Market in July 1999, the directors anticipated that the Company would make its first investment by October 1999. In the letter to shareholders dated 29 November 1999 the Company advised that it had invested #100,000 in GLS Software Limited, a company specialising in booking and invoicing systems. Currently a conditional funding offer is outstanding and a further investment is close to completion. The Company is receiving funding proposals at a rate of more than one a day, a number of which are being evaluated for investment. Shareholders will be kept informed of further material developments. For further information on the Company's marketing approach, shareholders may wish to view its web site at www.start-it.co.uk. Enquiries: Phillip Brown StartIT.com plc 01274 623 478 John Simpson English Trust Company Limited 020 7608 0888 Richard Armstrong Fiske & Co. Limited 020 7448 4700 END MSCUNUBRRORARAR
1 Year Straight Plc Chart |
1 Month Straight Plc Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions