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Issue of Equity and Total Voting Rights

27th Mar 2014 07:00

RNS Number : 2936D
Redhall Group PLC
27 March 2014
 



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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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