Business
Issue of Equity - Replacement
Issue of Equity - Replacement.
About this update from Tern Plc
[{"type":"text","content":"\n The Core Business PLC\n (`Core' or the 'Company')\n\n Issue of Equity - Replacement\n\n30 November 2007\n\nThis announcement replaces the Issue of Equity announcement made by the Company\non 28 November 2007.\n\nThe Company announces that it has issued and allotted 2,461,111 new Ordinary\n0.5p shares in the Company in satisfaction of professional fees incurred during\nits recent fundraising - as announced on 9 November 2007 - and an accompanying\nrenegotiation of the convertible loans provided by Trafalgar Capital Specialized\nInvestment Fund at the time of the purchase of Amirose International Limited.\n1,350,000 were issued at a price 1.05 per share, equivalent to £14,175, and\n1,111,111 were issued at a price of 1.8p per share, equivalent to £20,000 (and\nnot equivalent to £20,000,000 - as had previously been incorrectly stated).\n\nFollowing the issue of the new ordinary shares, the Company's total issued share\ncapital will be 203,355,177 Ordinary shares of 0.5p each. Application has been\nmade to the London Stock Exchange for the new ordinary shares to be admitted to\ntrading on AIM. Dealings are expected to commence at 8.00 a.m. on Monday 3\nDecember 2007.\n\nFor further information please contact:\n\nThe Core Business plc\nStirling Murray, Chief Executive Tel: +44 (0) 207 483 4300\nwww.thecorebusiness.co.uk\n\n\nBlomfield Corporate Finance Limited\nNick Harriss Tel: + 44 (0) 207 512 0191\n\n\nNotes to Editors\n\nThe Core Business PLC was established in May 2004 by Stirling Murray to create,\ndevelop, launch and distribute personal care and beauty brands. It also provides\nconsultancy and brand management services. The Core Business was admitted to AIM\nin March 2006 under the ticker `CORE.' It recently acquired Amirose\nInternational Limited to enhance its distribution ability in the UK. \n ","length":2023,"tagName":"div"}]