31st Jan 2006 14:51
Croma Group PLC31 January 2006 31 JANUARY 2006 CROMA GROUP PLC ("CROMA" OR "THE COMPANY") ISSUE OF EQUITY Croma, the specialists in the design, development and production of overt andcovert surveillance, security and defence related products, is pleased toannounce that it has successfully raised £325,000 (before expenses) by way of aplacing of 6,500,000 new ordinary shares of 5p each ("Placing Shares") at 5p pershare with existing institutional shareholders. As previously announced, theCompany is in late stage negotiations with two potential acquisitions, one ofwhich is in the asset security field and the other in biometrics, and the netfunds raised today will provide the Company with greater flexibility to financeone or both of these acquisitions. Application has been made for the admission of 6,500,000 Placing Shares totrading on the AIM market of the London Stock Exchange on 2 February 2006. ThePlacing Shares will rank pari passu with the existing ordinary shares of theCompany. ---ENDS--- ENQUIRIES: Croma Group Plc Tel: 07836 722 482John FrenchChairman and Chief Executive Bishopsgate Communications Ltd. Tel: 020 7430 1600Dominic Barretto/Maxine Barnes This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Croma Security