Business
Result of Bookbuilding
Result of Bookbuilding.
About this update from Conygar Investment Company Plc
[{"type":"text","content":"\n RNS Number : 1234Z Conygar Investment Company PLC(The) 16 September 2009 \n \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA, NEW ZEALAND OR THE REPUBLIC OF IRELAND OR ANY OTHER JURISDICTION IF TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION (EACH, A 'RESTRICTED JURISDICTION')\n\n\nFor immediate release 16 September 2009\nThe Conygar Investment Company PLC\n('Conygar' or 'the Company')\n\nResult of Bookbuilding\n\n\nConygar, the property trading and development group, is pleased to announce that it has completed the Bookbuilding announced yesterday to raise £70.3 million before expenses (approximately £68.9 million net) through a conditional placing of 66,969,063 Placing Shares with certain new and existing investors including certain directors of the Company at a price of 105 pence per share. Oriel Securities is acting as bookrunner in relation to the Placing.\n\nThe Placing Shares represent in aggregate approximately 137.2 per cent. of the issued share capital of Conygar prior to the Placing. The Placing Shares will, when issued, rank pari passu with the Existing Ordinary Shares and will rank in full for any dividends and other distributions declared, made or paid on or after Admission in respect of the ordinary share capital of the Company.\n\nThe Company will apply for admission of the Placin...