Universe Group PLC
05 April 2006
The following replaces the 'Issue of Equity' announcement released today at 11:
03 a.m. under RNS number 0239B. The previous announcement referred to 'Placing
of 2,379,410 new ordinary shares to raise £404,500' which should now read '
Placing of 2,479,410 new ordinary shares to raise £421,500'. In addition the
previous announcement referred to the Placing as representing 'approximately 3.5
per cent. of the existing issued share capital of the Company' which should now
read 'approximately 3.8 per cent. of the enlarged issued share capital of the
Universe Group plc
5 April 2006
Universe Group plc (the 'Company')
Placing of 2,479,410 new ordinary shares to raise £421,500
The Board is pleased to announce that Charles Stanley Securities has placed
2,479,410 new ordinary shares of 5 pence each (the 'Placing') with institutional
investors to raise £421,500 before fees and expenses.
The shares were placed at a price of 17 pence per share. The Placing represents
approximately 3.8 per cent. of the enlarged issued share capital of the Company.
The Company announced preliminary results for the year to 31 December 2005 on 30
March and stated that the group's Chip & PIN and on-line services are
progressing well and that prospects across HTEC are excellent. The proceeds of
the Placing will be used to augment the Company's existing working capital
facilities as the Company's rate of growth increases.
Application has been made for the new ordinary shares to be admitted to trading
on the AIM and dealings are expected to commence on 10 April 2006.
For Further Information:
Universe Group plc 023 8068 9510
Ray Mackie, Chairman
Charles Stanley Securities 020 7953 2000
Bishopsgate Communications Ltd. 020 7430 1600
This information is provided by RNS
The company news service from the London Stock Exchange UWCUPQGWA