Business
Re Placing and Board
Re Placing and Board.
About this update from Conygar Investment Company Plc
[{"type":"text","content":"\n Conygar Investment Company PLC(The)\n20 March 2006\n\n20 MARCH 2006\n\n\n\n THE CONYGAR INVESTMENT COMPANY PLC\n\n PLACING COMPLETION AND BOARD CHANGES\n\nThe Board of The Conygar Investment Company PLC ('Conygar' or the 'Company')\nannounces that the conditional placing of 8,927,405 new ordinary shares of 5\npence each at 116 pence per share to raise approximately £10,300,000 after\nexpenses announced on 9 March 2006 has been completed. The new total shares in\nissue amount to 18,649,406 and group cash balances today total £15.5 million.\n\nIn order to reflect the new scale of the Company and to create greater clarity\nand focus to the business going forward the Board has been reorganised. The\nBoard is delighted to announce that Nigel Hamway, the senior non-executive\ndirector, has agreed to become Non-Executive Chairman with immediate effect.\nAccordingly, Robert Ware will become Chief Executive.\n\nFor further information please contact:\n\nThe Conygar Investment Company PLC\n\nRobert Ware - 020 7725 0360\nPeter Batchelor - 020 7725 0360\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1293,"tagName":"div"}]