5th Sep 2005 16:41
Zest Group PLC05 September 2005 5 September 2005 Zest Group Plc Zest Group plc announces that it has today allotted and issued 8,285,714ordinary shares of 0.25p at 7p per share ("Ordinary Shares"). The new OrdinaryShares were issued in respect of placing commitments entered into by placees for19,333,333 Ordinary Shares which were admitted to trading on the AIM Market on24 March 2005, whereby such placees undertook to subscribe for the additional8,285,714 Ordinary Shares at 7p per share, at any time before 28 February 2006(the "Second Fundraising"). Application has been made for the admission of 8,285,714 Ordinary Shares totrading on the AIM Market. The new Ordinary Shares will rank pari passu withthe existing ordinary shares of the Company and dealings in the new OrdinaryShares are expected to commence on 9 September 2005. The issued share capitalof the Company further to the Second Fundraising and the Ordinary Shares beingadmitted to trading on AIM will be 81,952,382 Ordinary Shares. The proceeds of the placing will be utilised for the provision of workingcapital. Enquiries: Zest Group plc: Steve Weltman: telephone 020 8398 4144W.H. Ireland Limited: Ruth Gifford/Tim Cofman: telephone 0121 616 2101 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Cadence Mineral