12th Nov 2007 07:01
Amphion Innovations PLC12 November 2007 12 November 2007 Amphion Innovations plc Subscription of 2,272,728 New Ordinary Shares London and New York, 12 November 2007- Amphion Innovations plc (LSE: AMP)("Amphion" or the "Company"), the developer of medical and technologybusinesses, today announces that it has raised £500,000 (before expenses) by theissue of 2,272,728 new ordinary shares of 1p each in the capital of the Company(the "New Ordinary Shares") to an institutional investor by way of subscriptionat an issue price of 22 pence per New Ordinary Share to enable the Company toinvest in current and new Partner Companies and to provide working capital forthe Company. The New Ordinary Shares will represent approximately 1.8 per centof the existing Amphion share capital. Application will be made to the London Stock Exchange for the New OrdinaryShares to be admitted to trading on AIM. The New Ordinary Shares will, whenissued, rank equally in all respects with the existing Ordinary Shares,including the right to receive any dividend or other distribution declared, madeor paid following Admission. It is expected that Admission will becomeeffective and that dealings in the New Ordinary Shares will commence 15 November2007. Following admission of the New Ordinary Shares, the Company will have128,292,029 ordinary shares in issue with each ordinary share holding one votingright. For further information, please contact: Amphion Innovations plc +1 212 210 6224Charlie Morgan Financial Dynamics +44 20 7831 3113Ben AtwellSusan Quigley Charles Stanley Securities (Nominated Adviser) +44 20 7149 6000Mark TaylorFreddy Crossley About Amphion Innovations plcAmphion Innovations plc (LSE: AMP) builds shareholder value in high growthcompanies in the medical and technology sectors. Amphion uses a focused,hands-on company building approach based on decades of experience in both the USand UK. On the web: www.amphionplc.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AMP.L