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Daily Internet plc Announces Acquisition Of Netplan Internet Solutions Limited Placing To Raise GBP3.0 Million Debt For Equity Swap And Notice Of General Meeting


Tuesday, 22 Oct 2013 02:00am EDT 

Daily Internet plc announced that number of proposals including the acquisition of the entire issued share capital of Netplan Internet Solutions Limited, a placing to raise GBP3.0 million (before expenses) and the capitalisation of GBP762,126 of debt to strengthen the Company's balance sheet. The Acquires entire issued share capital of Netplan Internet Solutions Limited for a consideration of at least GBP2.5 million. The Company is placing to raise GBP3.0 million (before expenses) at a price of 1.5 pence per share to, inter alia, fund the cash consideration payable in respect of the Acquisition; and Debt for new equity swap by certain directors, an existing shareholder and Hawkstone Capital Limited amounting to GBP762,126 to remove certain debts owed by the Company and strengthen the Company's balance sheet. 

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23 Jul 2014