TIDMANGP
13 July 2012.
Angelfish Investments plc ("Angelfish" or the "Company")
Placing
Angelfish Investments plc announces that it has today raised GBP 90,000 by way
of a placing (the "Placing") of 72,000,000 new ordinary shares of 0.01p each
("Ordinary Shares") to St Gallen Capital Limited and SVS Securities Plc at an
issue price of 0.125p per Ordinary Share (the "Placing Price").
The new Ordinary Shares issued in the Placing rank pari passu in all respects
with the existing fully paid Ordinary Shares. The new Ordinary Shares issued in
the Placing and the existing Ordinary Shares each have one right to vote per
share. Following the Placing the Company will have 362,082,349 Ordinary Shares
in issue.
The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or change to their interest in the Company under the FSA's
Disclosure and Transparency Rules. The Company's total issued share capital is
now GBP36,208.23.
Prior to the Placing, St Gallen Capital Limited beneficially held a total of
217,561,762 Ordinary Shares, which represented 217,561,762 voting rights. Prior
to the Placing, St Gallen Capital Limited's holding represented 75.00% of the
voting rights in the then issued ordinary share capital of the Company. As
such, the purchase of new Ordinary Shares in the Placing by St Gallen Capital
Limited constitutes a related party transaction under the PLUS Rules for
Issuers.
Following the Placing, St Gallen Capital Limited is now the beneficial holder
of a total of 277,561,762 Ordinary Shares, which represents 277,561,762 voting
rights. St Gallen Capital Limited's total holding now represents 76.66% of the
voting rights in the enlarged issued ordinary share capital of the Company.
Following the Placing, SVS Securities Plc is now the beneficial holder of a
total of 12,000,000 Ordinary Shares, which represents 12,000,000 voting rights.
SVS Securities Plc's total holding represents 3.31% of the voting rights in the
enlarged issued ordinary share capital of the Company.
Angelfish Director Andrew Flitcroft continues to beneficially hold a total of
4,077,844 ordinary shares (representing 4,077,844 voting rights), which now
represents 1.13% of the voting rights in the enlarged issued ordinary share
capital of the Company.
The net proceeds of the Placing will be used to augment the Company's working
capital reserves, and in particular to fund the due diligence necessary to
further the Company's investment strategy, which was approved by shareholders
on 30 April 2012.
THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS
ANNOUNCEMENT.
--ENDS--
Enquiries:
Angelfish Investments plc
Andrew Flitcroft
Tel: 07769 591096
PLUS Corporate Adviser
SVS Securities Plc
Peter Ward/Alex Brearley
Tel: +44 207 638 5600
END
(END) Dow Jones Newswires
July 13, 2012 11:41 ET (15:41 GMT)