Placing new ordinary shares
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Placing new ordinary shares
Publication date: 24 Dec, 2007 | Updated: 29 May, 2008 | Author: admin
MeDaVinci the investment company focussed on technologies, products and services in the health and wellness markets, is pleased to announce it has raised £969,280 by way of a placing of 14,912,000 New Ordinary Shares at 6.5 pence per share (the "Placing"). The funds raised will be used to provide additional working capital for the Company.
Following the Placing, Phoenix Foundation will have an interest in 14.95% in the enlarged share capital of the Company.
The Placing is conditional on the New Ordinary Shares being admitted to trading on AIM. The New Ordinary Shares, when issued, will rank pari passu in all respects with the existing Ordinary Shares and have been allotted and issued credited as fully paid. Application has been made for the New Ordinary Shares to be admitted to trading on AIM, which is expected to be on 4 January 2007.