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Hardide PLC (HDD)

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Thursday 02 July, 2009

Hardide PLC

Further details on the Fundra

RNS Number : 0156V
Hardide PLC
02 July 2009

Hardide plc ('Hardide' or 'the Company')

 Further details on the Fundraising 

Further to the announcement this morning regarding the above, the Company would like to draw attention to the fact that the Fundraising, which is subject to shareholder approval at the general meeting to be held on 17 July 2009 and certain other conditions, comprises a placing of 311,066,667 new ordinary shares in the Company at 0.3p per share (the 'Placing Price') to raise £933,200 and the issue of new loan noteconvertible into new ordinary shares at a 50% premium to the Placing Price, of £633,000Thus new funds into the Company total £1,566,200. In addition, loans totalling £1 millionalso subject to shareholder approval and certain other conditions, are being converted into new ordinary shares at the Placing PriceThis information is contained within the announcement made this morning, and further details of this and the General Meeting, Share Reorganisation and Grant of Options are set out in the circular which has been posted to shareholders and which is also available on the Company's website:

For further information:

Hardide plc

Graham Hine, Chief Executive Officer

Jackie Robinson, Head of Communications

Tel: +44 (0) 1869 353 830

Seymour Pierce Limited

Nicola Marrin, Corporate Finance 

Tel: +44 (0) 20 7107 8000 

  Media enquiries:


Chris Lane / George Parker

Tel: +44 (0) 20 7398 7719

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