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Issue of Equity

2nd May 2014 17:12

DORIEMUS PLC - Issue of Equity

DORIEMUS PLC - Issue of Equity

PR Newswire

London, May 2

2 May 2014 Doriemus Plc ("Doriemus" or the "Company") Funding Doriemus Plc is pleased to announce that the Company has raised £500,000through the subscription for 500,000,000 new ordinary shares in the Company(the "Subscription Shares") at a price of 0.10 pence per Subscription Share(the "Subscription Price") by a new institutional investor (the"Subscription"). The Subscription is conditional only upon admission of theSubscription Shares to trading on AIM ("Admission") and has been carried outwithin the Company's share authorities. Furthermore, each Subscription Sharecarries a half warrant which entitles the holder to subscribe for one newordinary share in the Company for every one full warrant held at 0.11 pence pershare up to 2 May 2015. The net proceeds of the Subscription will strengthen the Company's balancesheet and provide working capital for the Company to investigate acquisitionand investment opportunities in accordance with the Company's investing policy. The Subscription Shares will represent 9.54% of the enlarged issued sharecapital of the Company. Application has been made for the Subscription Sharesto be admitted to trading on AIM and it is anticipated that Admission willoccur on 12 May 2014. Following Admission, the Company's enlarged issued share capital will comprise5,239,999,998 ordinary shares. The Company does not hold any shares intreasury. This figure of 5,239,999,998 ordinary shares may be used byshareholders in the Company as the denominator for the calculations by whichthey will determine if they are required to notify their interest in, or achange in their interest in, the share capital of the Company under the FCA'sDisclosure and Transparency Rules. -END- For further information, please contact: Doriemus plc +44 (0) 20 7440 0640Donald Strang / Hamish Harris Sanlam Securities UK Limited +44 (0) 20 7628 2200Nominated Adviser and BrokerSimon Clements / Virginia Bull

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Doriemus
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