Source - RNS
RNS Number : 6029J
Craven House Capital PLC
12 September 2016
 

12th September 2016 

Craven House Capital Plc

("Craven House" or the "Company")

 

Cash placing of 150,800 new ordinary shares at $12.50 per share

 

Craven House Capital (AIM: CRV) announces that it has raised $1,885,000 in cash (before expenses), through a placing (the "Placing") of 150,800 new ordinary shares of $1.00 each in the Company ("Placing Shares") at a price of $12.50 per Placing Share ("Placing Price").

 

The net proceeds of the Placing will be used to further execute the Company's investment policy. A number of prospective investment opportunities in our target markets are currently under evaluation and further updates will be provided to the market in due course.

 

Further to previous announcements, the Company is continuing its discussions with additional prospective investors with regard to making investments in the Company via further subscriptions for new shares and updates will be provided to the market in due course.

 

Application will be made for the Placing Shares, which will rank pari passu with the existing ordinary shares in the Company, to be admitted to trading on AIM.  It is expected that Admission will become effective and dealings will commence at 8.00 a.m. on 16 September 2016.

 

Following Admission the total issued share capital will consist of 2,224,362 ordinary shares.  As such the total number of voting rights in the Company will be 2,224,362 ordinary shares.  This number 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 a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

 

For further information please contact:

 

Craven House Capital Plc

Mark Pajak

www.Cravenhousecapital.com

 

  Tel:   020 7002 1027

 

SPARK Advisory Partners Limited

Nominated Adviser

Matt Davis/Mark Brady

www.sparkadvisorypartners.com

Tel:   020 3368 3550

 

 

 

 

 

SI Capital

Broker

Nick Emerson

www.sicapital.co.uk

Tel:   01483 413500

About Craven House Capital

 

Craven House Capital is a frontier and emerging market focused merchant bank seeking value oriented long term investments. Craven House invests in all segments of the capital structure in partnership with local entrepreneurs and the local business community. Craven House provides long term patient capital and is often involved in restructuring, expansion and turn around investments in crisis and transitioning economies.


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