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PCG Entertainment Plc RNS Release

Issue of Equity

RNS Number : 5712X
PCG Entertainment plc
22 February 2017
 

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The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

 

 22 February 2017

PCG Entertainment Plc

("PCGE" or the "Company")

PCG Entertainment Plc / Index: AIM / Epic: PCGE

 

Issue of Equity

 

PCGE, the AIM quoted Asia-Pacific online media and entertainment company, today announces it has raised £750,000 (before expense) through a placing via its broker, Beaufort Securities Limited, of 535,714,286 new ordinary shares of 0.1 pence each ("Ordinary Shares") at a price of 0.14 pence per new Ordinary Share (the "Placing").

 

The proceeds of the Placing will be used for general working capital purposes. The Placing has been undertaken within the Company's existing share authorities and is conditional only on admission of the new Ordinary Shares to trading on AIM ("Admission").

 

Application has been made for Admission, which is expected to occur on or around 28 February 2017. Following Admission, the Company's issued share capital will consist of 1,874,940,507 Ordinary Shares, with one voting right per share. PCGE does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 1,874,940,507. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.

  

Nick Bryant, CEO of PCGE plc, commented "This sale provides the working capital the company needs to realise the opportunities we have created over the past months. I look forward to up-dating the market on these opportunities in due course."

 

For further information:

PCG Entertainment plc


Nick Bryant, CEO

Tel: +44 20 8004 4699



Allenby Capital


Nick Naylor / Nick Harriss / James Thomas

Tel: +44 20 3328 5656



Beaufort Securities


Saif Janjua

Tel: +44 20 7382 8300



Damson Communications


Amelia Hubert

Tel: +44 20 7812 0645

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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