27th Mar 2014 07:00
For Immediate Release 27 March 2014
Redhall Group plc
("Redhall" or "the Group")
Issue of Equity and Total Voting Rights
Redhall Group plc (AIM: RHL), the specialist engineering support services group, announced on 7 March 2014 that it had raised £7.5 million through an institutional share placing, subject to approval by Shareholders. The Board is pleased to announce that following approval given at yesterday's General Meeting, the Placing Shares will be admitted to trading on AIM today at 8.00am.
Immediately following Admission the Company will have 49,077,469 Ordinary Shares in issue. Since the Company currently holds no shares in treasury, the total number of voting rights in the Company is therefore 49,077,469 and this figure may therefore be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Redhall's Chief Executive, Richard Shuttleworth, said:
"We are delighted by the success of this fundraising for Redhall and for the support of our investors and Shareholders. With the benefit of this funding Redhall is now in a strengthened position to deliver future growth. We are seeing a number of opportunities in our niche target markets of manufacturing and specialised contracting and are looking forward to developing the business and to deliver on our strategy."
Contact details:
Redhall Group plc | Tel: +44 (0) 1924 385 386 |
David Jackson, Chairman | |
Richard Shuttleworth, Chief Executive | |
Chris Lewis-Jones, Group Finance Director
| |
Buchanan | Tel: +44 (0) 20 7466 5000 |
Mark Court, Fiona Henson, Sophie Cowles
| |
Arden Partners (Joint Broker) | |
Chris Hardie, Director Corporate Finance | Tel: +44 (0) 20 7614 5929 |
Ed Walsh, Head of Sales
| Tel: +44 (0) 20 7614 5964 |
Charles Stanley Securities (Joint Broker) | Tel: +44 (0) 20 7149 6000 |
Russell Cook, Director Corporate Finance | |
Paul Brotherhood, Sales Trading
| |
Altium, NOMAD and Financial Advisors | Tel: +44 (0) 845 505 4343 |
Phil Adams, Simon Lord, Paul Lines |
Related Shares:
RHL.L