24th Dec 2007 07:00
24 December 2007 STERLING GREEN GROUP PLC ("Sterling Green" or the "Company") Placing raises ‚£550,000
The Board announces today that it has conditionally raised ‚£550,000, before expenses, from a Placing of 22,000,000 ordinary shares in the capital of the Company ("Ordinary Shares") at 2.5p per share (the "Placing Shares") with institutional and other investors.
The net proceeds of the Placing, amounting to approximately ‚£530,000, will provide additional working capital to support the expected growth of the Company and provide working capital generally.
Following the issue of the Placing Shares, the Company will have 271,675,390Ordinary Shares in issue. Application will be made for the Placing Shares to beadmitted to trading on AIM. Dealings in these shares are expected to commenceon 4 January 2008. Enquiries:Sterling Green Group plc Tel: 0161 975 5757 Michael Edelson John East & Partners Limited Tel: 020 7628 2200 Simon Clements/David Worlidge
STERLING GREEN GROUP PLCRelated Shares:
AMYT.L