REG-Hardide PLC Further details on the Fundraising
Released: 02/07/2009
com:20090702:RnsB0156V
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RNS Number : 0156V
Hardide PLC
02 July 2009
Hardide plc ('Hardide' or 'the Company')
Further details on the Fundraising
Further to the announcement this morning regarding the above, the Company would
like to draw attention to the fact that the Fundraising, which is subject to
shareholder approval at the general meeting to be held on 17 July 2009 and
certain other conditions, comprises a placing of 311,066,667 new ordinary shares
in the Company at 0.3p per share (the "Placing Price") to raise £933,200 and the
issue of a new loan note, convertible into new ordinary shares at a 50% premium
to the Placing Price, of £633,000. Thus new funds into the Company total
£1,566,200. In addition, loans totalling £1 million, also subject to shareholder
approval and certain other conditions, are being converted into new ordinary
shares at the Placing Price. This information is contained within the
announcement made this morning, and further details of this and the General
Meeting, Share Reorganisation and Grant of Options are set out in the circular
which has been posted to shareholders and which is also available on the
Company's website: www.hardide.com.
For further information:
Hardide plc
Graham Hine, Chief Executive Officer Tel: +44 (0) 1869 353 830
Jackie Robinson, Head of Communications
jrobinson@hardide.com www.hardide.com
Seymour Pierce Limited
Nicola Marrin, Corporate Finance Tel: +44 (0) 20 7107 8000
nicolamarrin@seymourpierce.com www.seymourpierce.com
Media enquiries:
Abchurch
Chris Lane / George Parker Tel: +44 (0) 20 7398 7719
george.parker@abchurch-group.com www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
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