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Maiden Group PLC (MDN)

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Wednesday 30 March, 2005

Maiden Group PLC

Re: Further to Rights Issue

Maiden Group PLC
30 March 2005

30 March 2005

                              THE MAIDEN GROUP PLC


Following the announcement on 29 March, subscribers have been procured for the
remaining 639,038 New Ordinary Shares, for which valid acceptances were not
received, at a price of 230 pence per share.  The net proceeds from the sale of
these shares, after the deduction of the Rights Issue price of 210 pence per New
Ordinary Share and relevant costs, will be paid to shareholders who have not
taken up their entitlements, pro rata to their lapsed provisional allotments,
save that amounts of less than £3 per holding will be retained for the benefit
of Maiden.  As a result of the procurement of subscribers, neither the
underwriters nor the sub-underwriters will be required to subscribe for any New
Ordinary Shares.

The Rights Issue was fully underwritten by Numis Securities Limited



Ron Zeghibe, Chief Executive
Maiden Group plc                                         020 7838 4000

Tim Spratt
Financial Dynamics                                       020 7831 3113

Richard Hall/Stuart Skinner
Numis Securities                                         020 7776 1500

Dominic Morley
Panmure Gordon                                           020 7187 2000

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