Amendment to Placing

RNS Number : 8772A

Dods (Group) PLC

05 April 2012

 

Dods (Group) plc

Amendment to Placing

Further to the Company's announcement of 12 January 2012, the Company announces that the Company has agreed to amend the terms of the placing agreement announced at the time and that the VCT Placing is now conditional only on admission of the VCT Placing Shares to AIM. This amendment has been made so that the VCT Placing occurs in the current tax year and therefore investments by placees participating in the VCT Placing comply with tax regulations. 

Therefore, the Company has made application for 76,950,944 Ordinary Shares to be admitted to trading on Thursday 5 April 2012 and the total number of shares in issue following this admission will be 228,949,397. The above figure of 228,949,397 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 FSA's Disclosure and Transparency Rules.

Admission of the remaining ordinary shares to be issued pursuant to the placing agreement remain conditional on the terms described in the Company's announcement of 12 January 2012 and the admission document sent to shareholders of the Company on the same date. Unless the context otherwise requires, terms defined in the announcement of 12 January 2012 shall have the same meaning in this announcement.

For further information please contact:

Dods (Group) plc [phone]

Gerry Murray, Chief Executive

Cenkos [phone]

Nicholas Wells / Adrian Hargrave

 

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