Business
Admission to Official List &
Admission to Official List &.
About this update from Capital Limited
[{"type":"text","content":"\n RNS Number : 1378N Capital Drilling Limited 07 June 2010 \n \n\n\n\n\n\nImmediate Release\n\n\n7th June 2010\n\n\n\n\n \n \nCapital Drilling Ltd\n \nAdmission to the Official List and Placing of New Ordinary Shares\n \nCapital Drilling Ltd (\"Capital Drilling\" or \"the Group\"), the mineral drilling services company with a focus on emerging markets, is pleased to announce its admission today to the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange. \n \nHighlights include:\n \n· Admission to the Official List of the UK Listing Authority (Premium Listing)\n· 33.8m New Shares placed at 61.5p per share\n· Gross proceeds of £20.8m, of which £13.6 million was primary\n· Market capitalisation of approximately £82.8 million \n \n \nPrincipal Terms of the Placing\n \nThe Company has raised gross proceeds of £13.6 million (circa US$20 million) by way of a Placing of 22.1million shares at 61.5p per share. The Placing, which was conducted by Liberum Capital Limited, who acted as Sponsor, financial adviser and broker to the placing, comprised the issue by the Company of 22.1 million New Shares and the sale of 11.7 million Sale Shares by the Selling Shareholders (with shareholders selling part of their stakes in order to increase the Company's free float to the LSE's minimum 25% level). The New Shares being issued by the Company and the Sale Shares being sold by the Selling Shareholders under the Placing represent approximately 16.4 per cent. and 8.7 per cent., respectively, of the 134,592,800 shares in issue following Admission. \n \nFurther details of the placing are set out in the prospectus published by the Company which is available at the offices of Nabarro LLP (Lacon House, 84 Theobald's Road, London, WC1X 8RW), Liberum Capital Limited (Ropemaker Place, Level 12, 25 Ropemaker Street, London, EC2Y 9AR) and Capital Drilling Ltd (Canon's Court, 22 Victoria Street, Hamilton, HM12, Bermuda). \n \n \nCommenting on Capital Drilling's listing in London, Brian Rudd, CEO, said:\n \n\"Capital Drilling's admission to the Official List and the placing of shares has been a great result in challeng...