2nd Jun 2005 10:01
Expro International Group PLC02 June 2005 Expro International Group ("Expro" or the "Company") Result of Placing Expro announces the successful completion of the placing (the "Placing")announced earlier today. A total of 6,640,000 new ordinary shares of 10 penceeach (the "Placing Shares") have been placed by JPMorgan Cazenove at a price of390 pence per Placing Share, raising approximately £26 million before expenses. The Placing Shares will be issued credited as fully paid and will rank paripassu in all respects with Expro's existing ordinary shares, including the rightto receive all future dividends including the proposed final dividend in respectof the year to 31 March 2005. Application will be made for admission of the Placing Shares to listing on theOfficial List of the UK Listing Authority and to trading on the London StockExchange's market for listed securities (together "Admission"). It is expectedthat Admission will become effective and dealings in the Placing Shares willcommence on 7 June 2005. Expro Chief Executive , Graeme Coutts, said "I am very pleased with the results of today's placing. The funds raised willgive Expro the flexibility to continue to pursue our focused strategy as well astake full advantage of opportunities before us in generally improved marketconditions." Enquiries to: Expro International Group PLC 0118 959 1341 Graeme CouttsMichael SpeakmanColin Ainger JPMorgan Cazenove Limited 020 7588 2828 Shona GrahamChris Byrne This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Engage Xr