10th Aug 2006 07:00
Delling Group PLC10 August 2006 For Release 7:00am 10 August 2006 DELLING GROUP PLC (DLG/L) The AIM-listed marketing services group Placing of Ordinary Shares Delling Group PLC ("Delling" or "the Company"), the AIM-listed marketing supportservices company, is pleased to announce a further placing of 7,500,000 OrdinaryShares at a price of 8 pence per Ordinary Share. Application has been made forthe admission of 7,500,000 Ordinary Shares to trading on AIM on 14 August 2006and dealings are expected to commence on or about that date. The share issue raises £600,000 before expenses and is placed entirely toScandinavian investors, including £500,000 placed to the pension fund of Tine,the Scandinavian dairy products group. This share issue follows on from therecent fundraising and the funds will be used to strengthen further the balancesheet, which should in turn enable the Company to obtain further bank financingto fund, inter alia, the group's acquisition programme. Following the placing of the 7,500,000 shares Tine will hold 6,250,000 sharesrepresenting 4.6% of the issued voting share capital. Aksel Bratvedt, Executive Chairman of Delling Group commented: "It is pleasing to see the expansion of our investor base into the countries inwhich we predominantly trade and I fully believe this further placing putsDelling on an even stronger financial base from which to move forward." For further information please contact: Contact:Delling Group PlcAksel Bratvedt, Executive Chairman Tel 020 7484 6160James Robinson, Finance Director Tel 020 7484 6160 Adventis Financial PRTarquin Edwards Tel: 020 7034 4758Peter Binns Tel: 020 7034 4760 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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