28th Dec 2007 07:49
Netplay TV PLC28 December 2007 NetPlay TV plc 28 December 2007 Issue of Equity NetPlay TV Plc (the "Company"), announces today that it has raised £1,140,480 bya placing of 6,912,000 Ordinary Shares of 5p each at an issue price of 16.5p pershare (the "Placing"), the bid price at the time the Placing was agreed. The Company will use the proceeds of this placing to fund the expansion of theLive Roulette show into a SuperCasino format, the development of the Bingo show,together with the move to purpose built studios for the broadcast all shows. The Company confirms that it has sufficient authorised but unissued sharecapital to effect the Placing and that the directors have been granted thenecessary authority by the shareholders under section 80 of the Companies Act1985 and that the statutory pre-emption rights under section 89 of the CompaniesAct 1985 have been disapplied in relation to the Placing Shares. The PlacingShares will rank pari passu with the existing ordinary shares of 5p each in thecapital of the Company. As a result of the Placing, the issued share capital of the Company willincrease to 76,039,958 Ordinary Shares of 5p each. The above figure of 76,039,958 Ordinary Shares may be used by shareholders inthe Company as the denominator for the calculations by which they will determineif they are required to notify their interest in, or a change in their interestin, the share capital of the Company under the FSA's Disclosure and TransparencyRules. Application has been made for, and the Placing is conditional upon, admission ofthe 6,912,000 shares to trading on AIM. It is expected that Admission willbecome effective and dealings will commence at 8:00 a.m. on 3 January 2008. Enquiries NetPlay TV plc Martin Higginson Via Redleaf Redleaf Communications Tel: 020 7822 0200 Emma Kane/Sanna Lehtinen/Susan Quigley Landsbanki Securities (UK) Limited Tel: 020 7426 9000 Gareth Price This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NPT.L