3rd Apr 2007 10:15
Catalyst Media Group PLC03 April 2007 3 April 2007 Catalyst Media Group plc ("Catalyst" or "the Company") Result of Open Offer On 12 March 2007 the Company announced a placing and open offer of 2,100,000,000new ordinary shares of 0.1p each ("New Ordinary Shares") to be subscribed for ata price of 0.5p per New Ordinary Share to raise £10.5 million before expenses.Of the New Ordinary Shares, 801,236,844 were placed firm. Of the 1,298,763,156Open Offer Shares to be issued pursuant to the Open Offer, 617,488,975 of theOpen Offer Shares were the subject of irrevocable undertakings from certainQualifying Shareholders to take up entitlements. The balance of 681,274,181 OpenOffer Shares was conditionally placed with institutional and other investorssubject to clawback to satisfy valid applications under the Open Offer. The Open Offer closed at 11.00 a.m. on 2 April 2007. Valid applications werereceived in respect of 1,026,445,172 Open Offer Shares representing 79.03 percent. of the Open Offer Shares. The balance of the Open Offer Shares will betaken up by the Placees under the terms of the Placing Letters. The Placing andthe Open Offer remain conditional, inter alia, upon the passing of theResolution to be proposed at the EGM to be held on 4 April 2007 and onAdmission. Application has been made to the London Stock Exchange for admission of the2,100,000,000 New Ordinary Shares to trading on AIM. It is expected thatAdmission will become effective and that dealings in the New Ordinary Shareswill commence on 5 April 2007. Unless the context otherwise requires, defined terms used in this announcementshall have the meanings given to them in the Prospectus of the Company dated 12March 2007. Enquiries, please contact:Catalyst Media Group plcMichael RosenbergTel: (020) 7927 6699 Strand PartnersJames Harris/Angela PeaceTel: 020 7409 3494 EvolutionTom Price/Hui Ling TayTel: 020 7071 4300 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Catalyst Media