Information  X 
Enter a valid email address

Universe Grp. (UNG)

  Print      Mail a friend

Thursday 12 June, 2003

Universe Grp.


Universe Group PLC
12 June 2003


12 JUNE 2003

Universe Group PLC (the 'Company') - Placing of new ordinary shares to raise
£875,000 (the 'Placing').

The Board is pleased to announce that Charles Stanley & Company Limited has
placed 3,500,000 new ordinary shares of 5 pence each with certain institutional
investors to raise £875,000 before fees and expenses.

The shares were placed at a price of 25 pence per share.  The Placing represents
8.3 per cent. of the enlarged 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 13 June 2003.

For Further Information:

Universe Group plc                                             02380 689510
Ray Mackie, Group Chief Executive

Charles Stanley & Co. Limited                                  020 7739 8200
Russell Cook

                      This information is provided by RNS
            The company news service from the London Stock Exchange