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The Directors of St Helen’s Capital Plc (“the Company”) are pleased to announce completion of a placing of 14,925,373 Ordinary Shares of 5p at 10.05p per share to raise approximately GBP1.5m.
The proceeds will be used to strengthen the Company’s balance sheet and to finance planned development of the Company. It is expected that Admission will become effective and that dealings in the Placing Shares will commence at 8.00 a.m. 11 April 2007. These shares will rank pari passu with the existing Ordinary Shares.
Following the issue of shares announced above, the Company now has 42,247,078 Ordinary Shares in issue. The Directors hold 9,518,228 Ordinary Shares, representing 22.53% of the enlarged issued share capital.
Howard Flight, a Director of the Company has subscribed for 388,060 Ordinary Shares at 10.05p per share, taking his total holding to 638,060, representing 1.51% of the total shares in issue.
In addition, in order to satisfy institutional demand, Roy Stanley, formerly the largest single shareholder in St Helen’s Capital, made stock available to investors identified by the Company. As a result Mr. Stanley no longer has a notifiable interest in the Company.
Notifiable interests in the Company following the placing are as follows:
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