Information  X 
Enter a valid email address

Greenchip Investment (XEN)

  Print      Mail a friend

Thursday 28 July, 2005

Greenchip Investment

Placing of Shares

Greenchip Investments  PLC
28 July 2005


                           Greenchip Investments plc

  Placing of 5,000,000 new ordinary shares of 0.5p each, fully paid at 4p per
                                     share

Greenchip Investments plc (the "Group"), the AIM-listed shell company, wishes to
announce that it has completed a fundraising of £200,000 through a Placing with
Directors and other investors of 5,000,000 new ordinary shares at 4p per share.
The monies raised will be applied to meeting ongoing operating costs and to fund
due diligence expenses incurred in respect of any potential acquisition.

The new shares are expected to be admitted to trading on AIM on Tuesday 2 August
2005.

Pursuant to the Placing, the Company also wishes to announce the following
changes in notifiable interests based on its new current issued ordinary share
capital of 8,300,000:

Directors' shareholdings

Director        Previously held     New purchase        Total Holding        %

Colin Hill                  0            375,000              375,000     4.52

Malcolm Burne          48,500            250,000              298,500     3.60

Other relevant shareholdings

Name                      Previously held New purchase   Total Holding       %

Aran Asset Management SA              0      2,125,000       2,125,000   25.60

Halb Nominees Limited a/c
Placing                         315,000      1,250,000       1,565,000   18.86

Pershing Keen Nominees
Limited a/c AGCLT               960,862        125,000       1,085,862   13.08

Dr Giap Wang Chong                    0        375,000         375,000    4.52

State Street Nominees
Limited                               0        250,000         250,000    3.01

NCL (Nominees) Limited                0        250,000         250,000    3.01

Nortrust Nominees Limited currently holds 500,000 shares but as a result of the
dilution of the Placing this holding has now been reduced to 6.02%

Clear Quartz (Nominees) Limited previously held 99,482 shares but as a result of
the dilution of the Placing no longer holds a notifiable interest.

Capita Trust Company previously held 226,896 shares bought zero but as a result
of the dilution of the Placing no longer holds a notifiable interest.

Pershing Keen Nominees Limited a/c PSL981 previously held 124,617 shares but as
a result of the dilution of the Placing no longer holds a notifiable interest.

Dated 28 July 2005



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