29th Oct 2014 09:26
GUSCIO PLC - Issue of EquityGUSCIO PLC - Issue of Equity
PR Newswire
London, October 29
29 October 2014 Guscio PLC ("Guscio" or the "Company" or the "Group") Further subscription to raise £50,000 The board of Guscio (the "Board") is pleased to announce that, followingfurther demand from an institutional investor, the Company has raised anadditional £50,000, by way of a subscription for 945,179 new Ordinary Shares(the "Subscription Shares") at a price of 5.29 pence per share (the"Subscription Price"). In connection with the subscription, it is proposed that the Company will enterinto a warrant instrument (the "Warrant Instrument") pursuant to which theCompany will issue two new warrants for every three Ordinary Shares subscribedfor. Accordingly, the Company will issue a total of 630,119 new warrants (the"New Warrants") pursuant to the Warrant Instrument. The New Warrants issued pursuant to the Warrant Instrument are exercisable atthe Subscription Price of 5.29p per share and can be exercised at any timeduring the three year period from admission of the Subscription Shares totrading on AIM. The proceeds of the subscription will be used to increase the cash reserves ofthe Company, as the Board seeks to accelerate the implementation of Guscio'snew investment strategy. It is expected that Admission will become effective and dealings in theSubscription Shares will commence on 4 November 2014. Following the issue of the Subscription Shares, and the issue of shares asannounced on 8 October 2014, there will be 7,259,397 Ordinary Shares in issue.This number may be used by shareholders in the Company as the denominator forthe calculations by which they will determine if they are required to notifytheir interest in, or a change in their interest in, the share capital of theCompany. In addition, following the issue of the New Warrants, the Company willhave warrants in issue over 4,955,229 ordinary shares. For further additional information please contact: Guscio PLC Tony Humphreys / Marcus Yeoman 020 3053 1897 Sanlam Securities UK Limited Simon Clements / Virginia Bull 020 7628 2200 Peterhosue Corporate Finance Limited
Lucy Williams / Eran Zucker 020 7469 0936
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GUSC.L