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EW Group Ltd Announces Completion Of Subscription To Raise GBP626,750


Wednesday, 10 Apr 2013 02:00am EDT 

EW Group Ltd announced that it has completed a subscription to raise, in aggregate, GBP626,750 through the issue of 62,675,000 new ordinary shares of 0.1p each in the Company (Subscription Shares) to new and existing investors at a subscription price of 1 pence per Subscription Share (Subscription). The proceeds of the Subscription will be used to support the Company's existing investment strategy, including providing further support to its largest investment to date, European Wealth Management Group plc (European Wealth). Completion of the Subscription is conditional on admission of the Subscription Shares to trading on AIM. The Company has also today issued 3,250,000 new ordinary shares of 0.1 pence each in the Company at a price of 1 pence each in satisfaction of professional fees incurred in connection with the Subscription (Fee Conversion Shares). Following the issue of the Subscription Shares and the Fee Conversion Shares (together the New Shares), the Company's issued ordinary share capital will comprise 422,477,469 ordinary shares of 0.1 pence each (Ordinary Shares) (Enlarged Share Capital). Application for admission of the New Shares to trading on the AIM market of the London Stock Exchange has been made and trading is expected to commence on April 15, 2013. 

Company Quote

104.0
0.0 +0.00%
17 Nov 2014