Business
Result of Open Offer
Result of Open Offer.
About this update from Celtic Plc
[{"type":"text","content":"\n Celtic PLC\n21 December 2005\n\n\n Celtic plc ('Celtic' or 'the Company')\n\n Result of Open Offer and Offer for Subscription\n\nOn 28 October 2005, the Board of Celtic announced the terms of an Open Offer and\nOffer for Subscription ('Offers') of up to an aggregate of 50,000,000 new\nordinary shares of 1p each ('Ordinary Shares') at 30p per share to raise up to\n£15 million (before expenses).\n\nThe Board of Celtic is pleased to announce that by 3.00pm on 20 December 2005,\nbeing the latest time and date for receipt of Application Forms and payment in\nfull under the Open Offer, 19,546,028 shares representing 59.39 per cent. of the\ntotal number of Ordinary Shares offered via the Open Offer, had been applied for\nby Qualifying Shareholders. The Board has also exercised the discretion\navailable to it under the Open Offer terms to accept applications from\nQualifying Shareholders that were made after the closing time for the remaining\n13,368, 011 Ordinary Shares available under the Open Offer.\n\nApplications for a further 22,541,794 new Ordinary Shares, including late\napplications from existing Qualifying Shareholders accepted under exercise of\nthe Board's discretion, have been made under the Offer for Subscription,\nrepresenting approximately 132 per cent. of the shares offers under the Offer\nfor Subscription.\n\nThe total take up under the Offers is 50,000,000 shares representing all of the\ntotal shares available under the Offers, raising a total of £15.00 million\n(before expenses) the Company.\n\nThe new ordinary shares being issued under the Offers will rank pari passu with\nthe existing ordinary shares of the Company. Application has been made for both\nthe existing Ordinary Shares and the Offer Shares, together with the existing\nissued Preference Shares and Convertible Preferred Ordinary Shares, to be\nadmitted to trading on AIM and dealings are expected to commence on 22 December\n2005.\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"}]