Issue of equity by SpaceandPeople India Pvt Ltd

RNS Number : 1633H

SpaceandPeople PLC

09 July 2012

 



SpaceandPeople plc

("SpaceandPeople" or the "Company")

Issue of Equity by SpaceandPeople India Pvt Ltd

SpaceandPeople, the retail, promotional and brand experience specialist, announces that on 4 June 2012, SpaceandPeople India Pvt Ltd, a company that was until this date an associated company of SpaceandPeople, issued a further 250,000 shares of 1 Rupee each at a price of £1.50 per share in order to raise working capital to fund the next phase of its expansion. This increased the total issued share capital of SpaceandPeople India Pvt Ltd to 1,083,642 shares. As a result of shares acquired by the Company at this time, the Company's shareholding in SpaceandPeople India Pvt Ltd increased from 378,832 shares to 564,973 shares. This represents an increase from 45.44% to 52.14% of SpaceandPeople India Pvt Ltd's issued share capital and with effect from 4 June 2012, SpaceandPeople India Pvt Limited became a subsidiary of the Company.

Since 4 June 2012, SpaceandPeople has acquired a further 112,380 shares in SpaceandPeople India Pvt Ltd, bringing its total shareholding to 677,353 shares, representing 62.51% of the issued share capital.

For further information, contact:

SpaceandPeople Plc	0845 241 8215
Matthew Bending, Gregor Dunlay
Seymour Pierce Limited	020 7107 8000
Stewart Dickson, David Foreman (Nominated Adviser)
Richard Redmayne, Paul Jewell (Corporate Broking)

About SpaceandPeople plc:

SpaceandPeople facilitates and manages promotional space for marketing campaigns and retailing in shopping centres and other high footfall locations, such as theme parks and railway stations. SpaceandPeople is at the forefront of developing the concept of space as an advertising and promotional medium.  It offers consumer brands the opportunity to promote their products through direct engagement with consumers through a mix of experiential marketing events and complementary above the line advertising and multimedia campaigns. SpaceandPeople offers a comprehensive service covering brokerage, consultancy and venue centric media buying.  SpaceandPeople is independently funded and its shares are admitted to trading on AIM. The Company acquired Retail Profile, the RMU specialist, in May 2010 and operates in the UK, Germany, India and Russia.

www.spaceandpeople.com

 

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