4th Dec 2006 12:02
Worthington Nicholls Group plc04 December 2006 Worthington Nicholls Group plc ("the Company") Results of EGM Worthington Nicholls Group plc announces that at the Extraordinary GeneralMeeting of the Company, which was held today, all resolutions proposed at themeeting were unanimously passed. The Company has now completed the fundraising of £6 million, before expenses, byway of a placing of 6,666,667 new ordinary shares of 1p each ("Shares") at 90pper new Share (the "Placing"), in order to increase Group working capital andprovide further funding for identified acquisitions. Application has been made to the London Stock Exchange for all the PlacingShares to be admitted to trading on AIM. Admission is expected to becomeeffective and trading in the Placing Shares to commence on AIM on 5 December2006. Enquiries: Worthington Nicholls 0870 609 1829Mark Worthington, Chief ExecutiveDavid Levis, Corporate Director Corporate Synergy 020 7448 4400Romil Patel/Rhod Cruwys Gresham PR Ltd 020 7404 9000Neil Boom/Tanya Feness Information on Worthington Nicholls can be accessed via the Group's website:www.worthington-nicholls.co.uk About Worthington Nicholls Group plc Worthington Nicholls operates as principal contractor for delivery of end to endsolutions in the air conditioning market. Its blue-chip clients operate in a number of different market sectors andinclude Hilton Hotels, Holiday Inn Hotels, Debenhams, Boots the Chemist, Arcadiaand McDonald's. The business was established in 1973 by Peter Worthington and has grown to beone of the dominant players in the UK Heating, Ventilation and Air Conditioning("HVAC") market, which is currently estimated to be worth approximately £2billion per annum. Led by Mark Worthington, the Company repositioned itself in 2003 as a supportservices group, moving away from the subcontractor business model common acrossthe HVAC industry. The Company now offers a full project management capability,which includes survey, design and specification, through installation,commissioning and ongoing service and maintenance. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Kazera Global