6th Apr 2009 14:58
Enfis Group plc
("Enfis" or the "Company")
Result of General Meeting
Placing to raise £2 million
The Board of Enfis Group plc (AIM: ENF), a leader in the design, development and manufacture of intelligent high power light emitting diode (LED) arrays and smart light engines, announces that at the General Meeting ("GM") of the Company held earlier today all resolutions, as detailed in the circular sent to shareholders dated 12 March 2009, were passed.
As a result, the placing of 5,600,000 new ordinary shares of 10 pence each in the capital of the Company at 36 pence per placing share to raise approximately £2 million (before expenses) has now been completed, subject only to admission of the new ordinary shares. The net proceeds of the Placing will be used to, inter alia, fund additional working capital and in particular provide additional overhead to support the operations of the Company in North America.
The new ordinary shares will represent approximately 37.38 per cent. of the enlarged share capital. The placing price represents a discount of approximately 20 per cent. to the closing mid-market price of 45 pence per ordinary share as at 11 March 2009, the latest practicable date prior to the announcement of the placing. The new ordinary shares will rank pari passu in all respects with the existing ordinary shares, including the right to receive dividends and other distributions following Admission.
Application has been made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM and it is expected that Admission will become effective and that dealings in the new ordinary shares will commence at 8.00 a.m. on Tuesday 7 April 2009.
On Admission there will be 14,982,863 ordinary shares of 10 pence each in the Company in issue.
For further information please contact:
Enfis Group plc Tel: 01792 485 660
Shaun Oxenham, Chief Executive Officer
Giles Davies, Chief Financial Officer
Noble & Company Limited Tel: 0207 763 2200
John Llewellyn-Lloyd
Sam Reynolds
Threadneedle Communications Tel: 020 7653 9850
Graham Herring
Josh Royston
Related Shares:
BOU.L