Share Issue

RNS Number : 9350A

Aisi Realty Public Limited

05 April 2012

 



5 April 2012

Aisi Realty Public Limited
("Aisi" or "the Company")

Share Issue

Aisi Realty Public Limited (AIM:AISI), a South Eastern European focused property and investment company, is pleased to announce that it has successfully placed 562,248 new ordinary shares of €0.01 each in the Company ("Ordinary Shares") at a price of 95 pence per share with two new investors, pursuant to shareholder approval being obtained at the Company's General Meeting held on 17 July 2011 for the issuance of up to 2,619,790 additional Ordinary Shares (approximating a US$ 4 million increase assuming an issue price of 95 pence). 

Demergon Funds acquired 329,958 Ordinary Shares which equates to 3.35 per cent of the enlarged total voting rights of the Company, whilst the other shareholder received 232,290 Ordinary Shares.  The share issue raised approximately £534,000 before expenses in order to provide additional working capital for the Company's business.

Application has been made for the 562,248 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will be effective from 13 April 2012. Following Admission, there will be a total of 9,839,975 Ordinary Shares in issue.

Lambros Anagnostopoulos, Chief Executive Officer at Aisi, commented: "Having successfully put Aisi on a more secure financial footing and improved its operational performance, these new funds, and new investors, mark a further positive step in our turnaround plans for the Company.  They provide us with further liquidity to continue to execute our plans for growth, as we seek to build Aisi into a company which can create value for shareholders by capitalising on the investment opportunity the south eastern European real estate market currently provides."

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Enquiries:
AISI Realty Public Ltd		+ 380 44 459 3000
Lambros Anagnostopoulos
Seymour Pierce Limited		+ 44 20 7107 8000
Nandita Sahgal / David Foreman
FTI Consulting		[phone]
Richard Sunderland / Toyah Simpson

 

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