5th Apr 2006 13:44
Universe Group PLC05 April 2006 The following replaces the "Issue of Equity" announcement released today at 11:03 a.m. under RNS number 0239B. The previous announcement referred to "Placingof 2,379,410 new ordinary shares to raise £404,500" which should now read "Placing of 2,479,410 new ordinary shares to raise £421,500". In addition theprevious announcement referred to the Placing as representing "approximately 3.5per cent. of the existing issued share capital of the Company" which should nowread "approximately 3.8 per cent. of the enlarged issued share capital of theCompany." Universe Group plc 5 April 2006 Universe Group plc (the "Company") Placing of 2,479,410 new ordinary shares to raise £421,500 The Board is pleased to announce that Charles Stanley Securities has placed2,479,410 new ordinary shares of 5 pence each (the "Placing") with institutionalinvestors to raise £421,500 before fees and expenses. The shares were placed at a price of 17 pence per share. The Placing representsapproximately 3.8 per cent. of the enlarged issued share capital of the Company. The Company announced preliminary results for the year to 31 December 2005 on 30March and stated that the group's Chip & PIN and on-line services areprogressing well and that prospects across HTEC are excellent. The proceeds ofthe Placing will be used to augment the Company's existing working capitalfacilities as the Company's rate of growth increases. Application has been made for the new ordinary shares to be admitted to tradingon the AIM and dealings are expected to commence on 10 April 2006. For Further Information: Universe Group plc 023 8068 9510Ray Mackie, Chairman Charles Stanley Securities 020 7953 2000Russell Cook Bishopsgate Communications Ltd. 020 7430 1600Dominic BarrettoFran Read This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
UNG.L