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CNIC says Instra acquisition to complete in January

By BFN News | 10:34 AM | Tuesday 29 December, 2015


CentralNic Group said, as a result of all resolutions being passed at its AGM, the acquisition of the entire issued share capital of Instra Group for AUD33m, will legally complete in January 2016. As previously announced, the Company has placed 25,000,000 new Ordinary Shares at 40p per share to raise £10 million before expenses to part-fund the Acquisition. Application will be made for the 25,000,000 new Ordinary Shares to be admitted to trading on AIM in connection with the Placing and Acquisition. Admission will become effective at 8.00 a.m. on 30 December 2015. The new Ordinary Shares issued will, upon issue, rank in full for all dividends and distributions declared, made or paid in respect of the issued Ordinary Share capital of the Company and otherwise rank pari passu in all other respects with the Existing Ordinary Shares. Following Admission the total issued share capital of the Company will increase to 92,007,481 Ordinary Shares. At 10:34am: (LON:CNIC) share price was 0p at 49.5p Story provided by StockMarketWire.com

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