25th Oct 2006 13:06
3DM Worldwide PLC25 October 2006 3DM Worldwide plc Placing of Shares 3DM Worldwide plc ("3DM" or "the Company") has developed, and is now exploiting,a patented plastic polymer moulding process The Board of 3DM is pleased to announce the completion of a placing of14,618,712 new Ordinary Shares of 2.5p each ("Placing Shares") at 7p per share.The funds raised by the Company are to be utilised for additional workingcapital and selected debt repayment. Each Placing Share will also carry with ita warrant to subscribe for a further Ordinary Share at 15p within six months(but with the Company having the right to request the warrant holder to exercisewithin 5 working days should the price of an Ordinary Share exceed 40p on anyday). The Placing Shares will, when issued and fully paid, rank pari passu in allrespects with the existing issued ordinary shares of the Company. Application has been made for the Placing Shares to be admitted to trading onAIM and trading in the Placing Shares is expected to commence on 27 October2006. Following the admission of the Placing Shares to trading on AiM, theCompany will have 93,033,882 Ordinary Shares in issue. In addition, the warrants held by Cornell Capital Partners LLP have been sold bythem and the warrant terms have been changed by agreement with the Company. Inparticular the 'put' option Cornell held in respect of these warrants has beenwaived. The 'put' option had given Cornell the right to require the Company tohave bought back the warrants at 4p each. Following this placement ABN AMRO Bank N.V. London Branch hold a notifiableinterest in 8,600,000 ordinary shares of 2.5p each in the Company ("OrdinaryShares"), representing approximately 9.24 per cent. of the Company's issuedOrdinary Share capital. Following this placement Efford Nominees Limited A/C E hold a notifiableinterest in 7,142,857 ordinary shares of 2.5p each in the Company ("OrdinaryShares"), representing approximately 7.67 per cent. of the Company's issuedOrdinary Share capital. 25 October 2006 ENQUIRIES: 3DM Worldwide 02920 885858Niall Mackay, Chief ExecutiveDavid Shepley-Cuthbert, Finance Director College Hill 020 7457 2020Gareth DavidAnthony Parker This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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