St Helen's Capital plc ("the Company") has completed a private placing of 2,737,500 shares at 8p per share with two of the Company's Directors and private investors to raise GBP 219,000 (before expenses). The proceeds will be used to fund expansion of the business.
Barry Hocken, Chief Executive Officer, has subscribed for 62,500 shares at 8p, taking his total holding to 202,500 shares, representing 0.92% of the total shares in issue.
Dick Shand, Finance Director, has subscribed for 62,500 shares at 8p, representing 0.28% of the total shares in issue.
Surrey Management Services Limited, a company owned by Jon Pither, Non-Executive Director, has separately acquired from Tony Drury 500,000 shares in the Company at a price of 8p per share. Jon Pither's resultant holding is 3,189,682 shares, representing 14.6% of the total shares in issue.
As a result of the above, and further to Tony Drury stepping down from the Board, as announced on 19 June 2006, the total number of shares in issue is 21,886,433, of which the Directors hold 32.3%.
The Directors of the Company accept responsibility for this announcement.
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ENQUIRIES:
ST HELEN'S CAPITAL PLC 020 7628 5582
Mark Warde-Norbury, Chairman
Barry Hocken, Chief Executive
www.sthelenscapital.com
BISHOPSGATE COMMUNICATIONS LTD. 020 7430 1600
Maxine Barnes
Nick Rome
www.bishopsgatecommunications.com
NOTES TO EDITORS
St Helen's Capital Plc is a FSA regulated, corporate advisory firm. It is the leading PLUS adviser and specialises in advising Small and Medium sized businesses (SMEs) on pre-IPO fund raisings and PLUS Introductions, which may be accompanied by capital raising through a Private Placing and/or an Offer for Subscription of new shares.
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