Business
Result of Open Offer
Result of Open Offer.
About this update from Catalyst Media Group Plc
[{"type":"text","content":"\n Catalyst Media Group PLC\n03 April 2007\n\n\n3 April 2007\n\n Catalyst Media Group plc\n ('Catalyst' or 'the Company')\n\n Result of Open Offer\n\nOn 12 March 2007 the Company announced a placing and open offer of 2,100,000,000\nnew ordinary shares of 0.1p each ('New Ordinary Shares') to be subscribed for at\na price of 0.5p per New Ordinary Share to raise £10.5 million before expenses.\nOf the New Ordinary Shares, 801,236,844 were placed firm. Of the 1,298,763,156\nOpen Offer Shares to be issued pursuant to the Open Offer, 617,488,975 of the\nOpen Offer Shares were the subject of irrevocable undertakings from certain\nQualifying Shareholders to take up entitlements. The balance of 681,274,181 Open\nOffer Shares was conditionally placed with institutional and other investors\nsubject to clawback to satisfy valid applications under the Open Offer.\n\nThe Open Offer closed at 11.00 a.m. on 2 April 2007. Valid applications were\nreceived in respect of 1,026,445,172 Open Offer Shares representing 79.03 per\ncent. of the Open Offer Shares. The balance of the Open Offer Shares will be\ntaken up by the Placees under the terms of the Placing Letters. The Placing and\nthe Open Offer remain conditional, inter alia, upon the passing of the\nResolution to be proposed at the EGM to be held on 4 April 2007 and on\nAdmission.\n\nApplication has been made to the London Stock Exchange for admission of the\n2,100,000,000 New Ordinary Shares to trading on AIM. It is expected that\nAdmission will become effective and that dealings in the New Ordinary Shares\nwill commence on 5 April 2007.\n\nUnless the context otherwise requires, defined terms used in this announcement\nshall have the meanings given to them in the Prospectus of the Company dated 12\nMarch 2007.\n\nEnquiries, please contact:\nCatalyst Media Group plc\nMichael Rosenberg\nTel: (020) 7927 6699\n\nStrand Partners\nJames Harris/Angela Peace\nTel: 020 7409 3494\n\nEvolution\nTom Price/Hui Ling Tay\nTel: 020 7071 4300\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2313,"tagName":"div"}]