5th Apr 2006 11:03
Universe Group PLC05 April 2006 Universe Group plc5 April 2006 Universe Group plc (the "Company")Placing of 2,379,410 new ordinary shares to raise £404,500 The Board is pleased to announce that Charles Stanley Securities has placed2,379,410 new ordinary shares of 5 pence each (the "Placing") with institutionalinvestors to raise £404,500 before fees and expenses. The shares were placed at a price of 17 pence per share. The Placing representsapproximately 3.5 per cent. of the existing issued share capital of the Company. The Company announced preliminary results for the year to 31 December 2005 on 30March and stated that the group's Chip & PIN and on-line services areprogressing well and that prospects across HTEC are excellent. The proceeds ofthe Placing will be used to augment the Company's existing working capitalfacilities as the Company's rate of growth increases. Application has been made for the new ordinary shares to be admitted to tradingon the AIM and dealings are expected to commence on 10 April 2006. For Further Information:Universe Group plc 023 8068 9510Ray Mackie, Chairman Charles Stanley Securities 020 7953 2000Russell Cook Bishopsgate Communications Ltd. 020 7430 1600Dominic BarrettoFran Read This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
UNG.L