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eServGlobal Ltd Announces Placing And Subscription


Wednesday, 28 Nov 2012 04:49pm EST 

eServGlobal Ltd announced a placing and subscription at GBP 0.21 per share (AUD 0.32) to raise up to GBP 10.962 million (AUD 16.812million) (the Fundraising). The Company proposes to raise approximately GBP 3.740 million through the placing (the First Placing) of 17,807,815 new ordinary shares (the First Placing Shares) with institutional investors in the UK and approximately GBP 2.457 million (AUD 3.768 million) by means of a direct subscription for 11,700,000 new ordinary shares (the Subscription Shares) by investors in Australia (the Subscription). The issue price for the First Placing Shares and the Subscription Shares (together the New Shares) is GBP 0.21 (AUD 0.32) per share. In addition, it also proposes to raise approximately GBP 4.765 million through the placing (the Second Placing) of 22,690,476 new ordinary shares (the Second Placing Shares). 

Company Quote

0.82
0.02 +2.50%
9:16pm EDT