29th Jan 2007 07:01
Conygar Investment Company PLC(The)29 January 2007 The Conygar Investment Company PLC Issue of Equity The Conygar Investment Company PLC ("the Company") announces that it has enteredinto arrangements to place 20,498,500 new ordinary shares of 5 pence each("the Placing Shares") for cash at a price of 200 pence per share, conditionalupon admission to trading on AIM, to raise £40,997,000 before expenses ("thePlacing"). 295,000 of the Placing Shares have been placed with directors of theCompany. The Placing Shares would be allotted under authorities granted to thedirectors of the Company by resolution of the Company's shareholders passed atthe annual general meeting of the Company held on 11 January 2007. The Placing has been carried out in order to satisfy investor demand for theCompany's shares. The Company continues to see attractive opportunities in itsmarkets, and the proceeds of the Placing will be deployed in line with theCompany's stated investment strategy. The Placing Shares will rank pari passu with the Company's existing ordinaryshares. Application has been made for the Placing Shares to be admitted to AIM and it isexpected that admission will occur on 1 February 2007. The undernoted directors' shareholdings in the Company have increased followingtheir participation in the Placing. The Directors' revised holdings in theCompany are now as follows: Director Placing Shares Resultant holding % of issued share purchased capitalRobert Ware 225,000 2,725,000 6.79%Peter Batchelor 25,000 125,001 0.31%Steven Vaughan 25,000 125,000 0.31%Michael Wigley 20,000 150,000 0.37% Enquiries The Conygar Investment Company PLCRobert Ware 020 7408 2322 Bridgewell LimitedNick Lovering 020 7003 3000 The directors of Conygar accept responsibility for the information contained inthis announcement. To the best of the knowledge and belief of the directors ofConygar (who have taken all reasonable care to ensure that such is the case) theinformation contained in this announcement is in accordance with the facts anddoes not omit anything likely to affect the import of such information. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Conygar Inv