Business
Further Issue of Equity
Further Issue of Equity.
About this update from Tavistock Investments Plc
[{"type":"text","content":"\n RNS Number : 2723G Bright Things plc 21 October 2008 \n \n\n\n\nBright Things Plc\n('Bright Things' or the 'Company')\nIssue of Equity\n\nBright Things Plc is pleased to announce that further to the announcement made on 30 September 2008, the Company has raised a further £50,000 through a conditional subscription for 4,000,000 new ordinary shares ('the Shares') together with 2,000,000 warrants at 1.25 pence per share ('the Subscription') on the same terms as the placing announced on 30 September (the 'Placing').\n\nThe additional finance has been raised from employees of Get On With It Limited, a company that is contracted by Bright Thing's wholly owned subsidiary, Commonworld Limited, to complete the development of the SocialGo, the Company's software product offering that allows users to create their own private social network.\n\nAs with the Placing, the Subscription is conditional upon, amongst other things, the passing of the relevant resolutions at the Annual General Meeting. The Shares will rank pari-passu with the existing ordinary shares. Application has been made for the Shares to be admitted to AIM and are expected to be admitted to trading on AIM on 24 October 2008. \n\nFollowing the Placing and the Subscription, there will be 127,676,328 ordinary shares in issue.\n\nDominic Wheatley commented:\n\n'We are delighted that key staff who are managing and helping to develop our innovative new product have decided to invest in Bright Things. This demonstrates their belief in the product, and gives them a real interest in the success of the Company.'\n\nFor more information please see www.brightthings.com \n\nBright Things PLC 0870 351 7770\n\nDominic Wheatley, CEO\n\nEdward Levey, Finance Director\n\nHB Corporate\n\nLuke Cairns/ Rory Creedon Tel: +44 (0) 207 510 8600\n\nBrunswick Group\n\nGiles Croot / Mark Antelme, Tel: +44 (0) 207 404 5959\n\n\n\n\nThis...