Gresham Computing PLC
06 June 2003
For immediate release 6 June 2003
Gresham Computing plc
('Gresham' or 'the Company')
Gresham Computing plc today announces that 1,538,500 new ordinary shares of 5p
each have been conditionally placed with institutional investors at a price of
£2.60 per share. Once completed, the placing will raise approximately £3.8
million net of expenses for the Company. The funds raised will be used to
further strengthen the company's balance sheet.
The new ordinary shares have been conditionally placed at £2.60 per share, a
discount of 8.29% to the previous day's closing share price of £2.835 per share.
The placing is conditional upon admission of the new shares becoming effective
on or before 12 June 2003 (or such later date as the Company and KBC Peel Hunt
Ltd may agree, being no later than 19 June 2003).
Applications have been made for the new ordinary shares to be admitted to the
Official List of the UK Listing Authority and to trading on the London Stock
Exchange. Admission is expected to take place on Thursday 12 June 2003.
For further information, please contact:
Gresham Computing plc 01489 555500
Andrew Walton-Green, Chief Executive
KBC Peel Hunt Ltd 020 7418 8900
Weber Shandwick Square Mile 020 7067 0700
This information is provided by RNS
The company news service from the London Stock Exchange