Completion of Acquisition and Placing

RNS Number : 0443T

Coral Products PLC

07 December 2012

 



7 December 2012

Coral Products plc

("Coral" or "the Company")

Completion of Acquisition & Placing

Further to the announcement made by the Company on 30 November 2012, Coral is pleased to report that it has completed the acquisition of the freehold of its manufacturing premises at Haydock and the placing of 3,800,000 new ordinary shares ("Placing Shares").

Application for admission to trading on AIM of the Placing Shares has been made and admission of the Placing Shares is expected to occur on 10 December 2012.

Following the issue of the Placing Shares, the issued share capital of the Company comprises 41,935,609 ordinary shares of 1 penny each.

Enquiries

Coral Products plc Joe Grimmond, Non-Executive Chairman Warren Ferster, Chief Executive & Managing Director	Tel: [phone] Tel: [phone]
Nominated Adviser Cairn Financial Advisers LLP Avi Robinson / Tony Rawlinson	Tel: [phone]
Broker XCAP Securities plc David Lawman / Adrian Kirk	Tel: [phone]
Bankside Consultants Richard Pearson	Tel: [phone]

 

END

 

 

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