Placing of shares

    RNS Number : 2691H
  Zyzygy PLC
  03 November 2008
   

    Zyzygy plc ("Zyzygy" or the "Company")
    Placing of shares
    The directors of Zyzygy today announce that they have placed a total of 75,000,000 Ordinary Shares of 0.1p each ("Ordinary Shares") at a
price of 0.1p per share to directors and other investors. The funds raised will be used to provide working capital for the Company. 

    As a result of the issue of these shares, Zyzygy will have 1,129,158,658 Ordinary Shares in issue with voting rights. The Company holds
no shares in treasury. 

    Shares have been issued to the following directors and significant shareholders::

                                     Number of shares  Resultant holding           Percentage of total voting rights
                                           subscribed                                         (1,129,158,658 shares)
 Duncan Lipscombe (Company                 20,000,000         93,878,199                                       8.31%
 Chairman)
 Peter Hire (Non-executive                 10,000,000         84,345,073                                       7.47%
 Director)
 Billam AG                                 20,000,000        220,000,000                                      19.48%

    Application is being made for the shares to be admitted to trading on AIM with admission expected to take place on 7 November 2008. 

    Contact:

    Zyzygy plc
    Duncan Lipscombe (Chairman)
    07775 681648

    Grant Thornton UK LLP
    Philip Secrett/Colin Aaronson
    020 7383 5100

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
IOEGGMGMGFMGRZM