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Following the June AGM shareholder approvals the Company is pleased to announce that it has raised an additional £750,000 (before expenses) by means of a placing of new ordinary shares. The Placing is of 15,000,000 new ordinary shares, at 5p per share. The money, as previously advised will be used to support the on going growth of the company. Application will be made for the new ordinary shares, which will rank pari passu with the existing ordinary shares, to be admitted to AIM with admission expected to become effective on 5 August 2003. Keith Todd Executive Chairman said: ‘I am pleased to be able to announce this additional funding which is a further demonstration of investor confidence in our strategy to build the leading applications services company in the derivatives market’ |
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