Issue of Equity

 

TIDMSWP 
 
RNS Number : 7738C 
SWP Group PLC 
19 November 2009 
 

SWP Group plc 
Issue of Equity 
Proposed placing of up to 750,000 Placing Shares at 90 pence per share. 
SWP Group plc, (AIM:SWP.L) (the "Company") announces today that it has 
conditionally placed 710,000 new ordinary shares of 0.5p each in the Company 
("Placing Shares") at a placing price of 90p per share (the "Placing Price") to 
raise GBP675,000 (the "Placing"). The proceeds from the Placing will be used to 
improve liquidity in the Company's shares, assist with a particular capital 
expenditure project and accelerate the debt reduction programme. The Placing 
Shares will represent 4.06 per cent of the enlarged issued share capital of the 
Company. 
The Placing Price of 90 pence per Placing Share represents a discount of 4.26 
per cent to the closing middle market price of 94 pence per ordinary share on 
18th November 2009, being the last business day before announcement of the 
Placing, which the Directors consider to be fair and reasonable given the size 
of the Placing. 
The Placing Shares will be issued pursuant to the existing authority granted to 
the directors of SWP by SWP shareholders at the Company's AGM held on 15th 
January 2009. 
Settlement and dealings 
Application will be made to London Stock Exchange plc for the Placing Shares to 
be admitted to trading on AIM. It is expected that the Placing Shares will be 
admitted to trading on 25th November 2009. The Placing Shares will, when issued, 
rank pari passu in all respects with the existing ordinary shares. 
Following Admission the enlarged issued share capital of the Company will be 
18,479,546 ordinary shares. 
 
 
Enquiries:    David Pett 
        SWP Group plc 
        01353 720723 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IOEGUGUCGUPBGGB