2nd Aug 2007 07:01
HML Holdings PLC02 August 2007 2 August 2007 HML Holdings plc ("HML" or "the Company") Placing to raise £1.9 million HML Holdings plc (AIM: HMLH), a leading provider of property management,insurance and ancillary services in the residential property market, is pleasedto announce that it has completed a placing of 7,161,486 new ordinary shares of1.5p each in the Company ("New Ordinary Shares") at a price of 27p per share,raising gross proceeds of £1.9 million ("the Placing"). The proceeds will beused, predominantly, to fund future acquisitions. Application has been made for the New Ordinary Shares, which will rank paripassu with all existing Ordinary Shares, to be admitted to trading on AIM and itis expected that such admission will be effective from 8am on 7 August 2007. Commenting on the Placing, Rob Plumb, Chief Executive of HML, said: "We aredelighted to have raised the necessary capital, with strong insitutionalsupport, to continue to execute our business plan and deliver value to ourshareholders. We are evaluating potential acquisition opportunities and arecurrently in negotiations with a number of businesses. We look forward toupdating shareholders on progress in due course." For further information please visit www.hmlholdings.com or contact: Company:HML Holdings PLC 020 7352 5179Richard Smith, Executive ChairmanRobert Plumb, Chief [email protected] Public Relations Adviser:Tavistock Communications 020 7920 3150John [email protected] Nominated Adviser & Broker:Smith & Williamson Corporate Finance Limited: 020 7131 4000Azhic Basirov / Siobhan Sergeant This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
HMLH.L