Business
Further re: Rights Issue
Further re: Rights Issue.
About this update from Aminex Plc
[{"type":"text","content":"\n Aminex PLC\n18 July 2007\n\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN PART OR IN WHOLE IN OR INTO THE\nUNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN\n\nFOR IMMEDIATE RELEASE\n\n18 JULY 2007\n\n Aminex PLC (\"Aminex\" or \"the Company\")\n\n Further re: Rights Issue\n\nPlacing of 2,705,476 New Ordinary Shares not taken up in the Rights Issue\n\nFurther to the announcement issued on 16 July 2007 that Aminex had received\nvalid acceptances in respect of 14,465,371 New Ordinary Shares, representing\napproximately 51.4 per cent. of the New Ordinary Shares offered to Qualifying\nShareholders under the 1 for 6 Rights Issue, the Company announces that Davy has\nprocured subscribers for 2,705,476 New Ordinary Shares (including the\nentitlement of overseas shareholders and fractional entitlements) which were not\nvalidly taken up in the Rights Issue, at a price of Stg£0.21 per New Ordinary\nShare. The remaining New Ordinary Shares available under the Rights Issue will\nnot be issued.\n\nSubscribers for Rights Issue Shares are entitled to 1 New Warrant for every 2\nRights Issue Shares subscribed for so long as they are recorded as the\nregistered holder of those Rights Issue Shares at Admission on 2 August 2007\n(the date on which the Rights Issue Shares and associated New Warrants are\nexpected to be credited to CREST stock accounts).\n\nThe Company has raised gross proceeds of US$29.27m from the Firm Placing and the\nRights Issue (including this Placing).\n\nFollowing completion of the Rights Issue, the Company has 242,031,747 Ordinary\nShares in issue and 36,526,673 New Warrants in issue.\n\nThere are no net proceeds from the sale of these New Ordinary Shares, after\ndeduction of the Rights Issue Price of Stg£0.20 per share and relevant costs, to\nbe paid to those shareholders who have not taken up their Rights Issue\nentitlements.\n\nDefinitions used in the Prospectus dated 23 May 2007 shall have the same\nmeanings when used in this announcement.\n\nFor further information:\n\nAminex PLC\nBrian Hall Tel: +44 (0) 20 7291 3100\n\nDavy\nEugenee Mulhern / Fergal Meegan Tel: +353 (0) 1 679 6363\n\nBridgewell\nAndrew Matharu Tel: + 44 (0) 20 7003 3105\n\nPelham Public Relations\nArchie Berens Tel: +44 (0) 20 7743 6679\n\nDavy Corporate Finance Limited and J&E Davy (collectively ''Davy'') (each of\nwhich is regulate...