Business
Further re Issue of Equity
Further re Issue of Equity.
About this update from Avacta Group Plc
[{"type":"text","content":"\n Readybuy PLC\n19 April 2006\n\n\n Readybuy plc\n\n\nFurther to the announcement made by Readybuy plc (the 'Company') on 12 April\n2006 (the 'Announcement') regarding proposals to raise £262,500, before\nexpenses, by the issue of additional equity share capital, the attention of\nshareholders is drawn to the proposed investing strategy of the Company as set\nout in the Announcement.\n\nFurther to the changes to the AIM Rules in respect of investing companies which\ncame into effect on 1 April 2005, the Company is required to complete a reverse\ntransaction or satisfy the Exchange that it has substantially implemented its\nInvesting Strategy by 21 October 2006. In the event that this deadline is not\nmet, the Company's shares will be suspended from trading and, if within the then\nfollowing six months, such a transaction has not been undertaken, the admission\nof these shares to trading on AIM will be cancelled.\n\nAs stated in the Announcement, the Concert Party is currently in discussions\nwith a potential target but, at this stage, has not entered into any binding\nagreement.\n\nTerms defined in the Announcement have the same meaning in this announcement.\n\n\nFor further information, please contact:\n\nColin Davies Readybuy plc 01904 520840\nDavid Youngman WH Ireland Ltd. 0161 832 2174\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1548,"tagName":"div"}]