Business
Issue of Equity
Issue of Equity.
About this update from Image Scan Holdings Plc
[{"type":"text","content":"\n RNS Number : 2831J Image Scan Holdings PLC 29 March 2010 \n \n\n 29 March 2010\n \nImage Scan Holdings plc\n(\"Image Scan\" or \"the Company\")\n \n \n ISSUE OF EQUITY \n \nPursuant to the authority conferred by the members of the Company at the AGM on 25th March 2010, the Board of Image Scan announces today that it has raised £111,396 via a placing of 5,569,812 new Ordinary Shares of 1p each ('Placing Shares') to Calculus Nominees Ltd at a price of 2p per share. The Placing Shares will rank pari passu with the existing ordinary shares in the Company. The proceeds of the placing will be used for general working capital purposes.\n \nApplication has been made for the Placing Shares to be admitted to trading on on AIM which is expected to occur on 1 April 2010. Following the issue of the Placing Shares, the total issued share capital of the Company will increase to 61,267,932 ordinary shares. Each ordinary share in the Company carries one vote. Consequently, the number of voting rights in the Company following the issue of the Placing Shares will increase to 61,267,932 and this is the figure which may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.\n \nAs a result of this placing the Company has been notified that Calculus Capital Ltd has a beneficial interest in 7,380,457 shares in the Company representing 12.05 per cent. of the issued share capital.\n \n-ENDS-\n \nFor further information, please cont...