Conygar Investment Company PLC(The)
20 March 2006
20 MARCH 2006
THE CONYGAR INVESTMENT COMPANY PLC
PLACING COMPLETION AND BOARD CHANGES
The Board of The Conygar Investment Company PLC ('Conygar' or the 'Company')
announces that the conditional placing of 8,927,405 new ordinary shares of 5
pence each at 116 pence per share to raise approximately £10,300,000 after
expenses announced on 9 March 2006 has been completed. The new total shares in
issue amount to 18,649,406 and group cash balances today total £15.5 million.
In order to reflect the new scale of the Company and to create greater clarity
and focus to the business going forward the Board has been reorganised. The
Board is delighted to announce that Nigel Hamway, the senior non-executive
director, has agreed to become Non-Executive Chairman with immediate effect.
Accordingly, Robert Ware will become Chief Executive.
For further information please contact:
The Conygar Investment Company PLC
Robert Ware - 020 7725 0360
Peter Batchelor - 020 7725 0360
This information is provided by RNS
The company news service from the London Stock Exchange