Business
Acquisition and placing
Acquisition and placing.
About this update from Sutton Harbour Group Plc
[{"type":"text","content":"\n Sutton Harbour Holdings PLC\n16 May 2007\n\n\n Sutton Harbour Holdings plc (the 'Company')\n\n\n Acquisition and Placing\n\n\nThe Company is pleased to announce that it has acquired two car parks,\ncomprising 400 parking spaces in total, in the environs of Sutton Harbour,\nPlymouth from Plymouth City Council for a total cash consideration of\n£2,423,530.\n\nThe cash consideration has been funded by the placing of 794,600 new ordinary\nshares of 25p each (the 'Placing Shares'), at £3.05 per share ('Placing Price').\nThe Placing Price represents a discount of 4.7 per cent. to the closing middle\nmarket price of the Company on 15 May 2007 (being the latest practicable date\nprior to this announcement). The Placing Shares represent approximately 3.25 per\ncent. of the current issued share capital of the Company.\n\nApplication has been made for the Placing Shares to be admitted to AIM and\ntrading in these shares is expected to commence on 18 May 2007.\n\nFollowing admission of the Placing Shares the issued share capital of the\nCompany will be 25,241,635 ordinary shares of 25p each.\n\n\n16 May 2007\n\n\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n MFMISWSEDI \n ","length":1548,"tagName":"div"}]