9th Feb 2005 07:00
Delling Group PLC09 February 2005 DELLING GROUP RAISES £1.3 MILLION Delling Group plc ("Delling Group" or "the Group"), the marketing supportservices group, has raised £1.3 million before expenses from new and existinginstitutional investors by placing 8,666,667 new ordinary shares of 1p each at15p per share, conducted by Seymour Pierce Limited. The funds raised will beused to fund potential acquisitions. Application has been made for the admission of 8,666,667 new ordinary shares tobe traded on the AIM market. The new ordinary shares will rank pari passu withthe existing ordinary shares of the Company. Dealings in the new ordinaryshares are expected to commence on 15 February 2005. The Group is pursuing a growth strategy through organic development and throughthe purchase of suitable acquisitions. The Board expects to announce itspreliminary results in April 2005. The directors continue to be confident aboutthe Group's trading performance. Separately, the Group has published details today about a number of agreementswhich are for two to five years and which the Board believes have a combinedvalue of over £3.7 million per annum in revenue terms. Aksel Bratvedt, Delling Chief Executive Officer, commented: "The continued institutional support for our strategy is very encouraging and weare looking to continue our aggressive growth plans." 9 February 2005 Enquiries: Delling Group 020 7010 8210Aksel Bratvedt, Chief Executive OfficerGeir Lolleng, Chief Operating Officer Seymour Pierce Limited 020 7107 8000Dru Edmonstone College Hill 020 7457 2020Adrian Duffield/Clare Warren This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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