12th Dec 2005 17:17
Zareba PLC12 December 2005 Zareba plc ("Zareba" or "the Company") Further to an announcement made on 9 December 2005 regarding a potential reversetakeover with Quadrise International Limited, a subsidiary of Masefield EnergyHoldings AG, James Burgess, a director of the Company, has agreed to underwritea financing of £250,000 at a price of 1.75p per Zareba ordinary share. Thisequates to approximately 13.9% of the existing share capital of the Company. In the context of the transaction, the directors of Zareba, excluding MrBurgess, having consulted Smith & Williamson Corporate Finance Limited, considerthe proposed underwirting arrangement with Mr Burgess to be fair and reasonableinsofar as the Company's shareholders are concerned. At present, Mr Burgess isthe benefical holder of 12.3 million ordinary shares equivalent to approximately6.05 per cent. of the Company's share capital. Any change to Mr Burgess'holding in the Company, as a result of this transaction, will be announced indue course with the relevant details of the transaction. For further details please contact: John Woolgar 07813 818 241 (m)Zareba plc 01483 890004 (o) Azhic BasirovSmith & WilliamsonCorporate Finance Limited 020 7131 4000 Ben SimonsHansard Communications 020 7245 1100 12 December 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
QFI.L