Universe Group PLC
09 May 2003
UNIVERSE GROUP PLC
9 MAY 2003
Universe Group PLC (the 'Company') - Placing of new ordinary shares to raise
£623,500 (the 'Placing')
The Board is pleased to announce that Charles Stanley & Co Limited has placed
2,900,000 new ordinary shares of 5 pence each with institutional investors to
raise £623,500 before fees and expenses.
The shares were placed at a price of 21.5 pence per share. The Placing
represents 8.14 per cent. of the existing issued share capital of the Company.
The proceeds of the placing will be used to augment the Company's existing
working capital facilities.
The new ordinary shares will rank pari passu with the existing ordinary shares
of the Company save for the final dividend in respect of the year ended 31
December 2002. Application will be made for the new ordinary shares to be
admitted to trading on the Alternative Investment Market and dealings are
expected to commence on 12 May 2003.
For Further Information:
Universe Group plc 02380 689200
Ray Mackie, Group Chief Executive
Charles Stanley & Co. Limited 020 7739 8200
This information is provided by RNS
The company news service from the London Stock Exchange