News
Issue of Equity
09 April 2008
Following the announcement of the Interim Results when the Company noted that arrangements to raise further operating capital were being finalised, the Company is today announcing that it has arranged a placing of 9,520,000 new ordinary shares in the Company at 5p per share raising gross proceeds of £476,000.
The placing is being done in two tranches at the request of investors. The first tranche of 3,700,000 shares was allotted on Friday 4 April 2008 and the Company has received binding commitments for the second tranche of 5,820,000 shares which it expects to allot this week.
This placing raises a further £476,000 of operating capital to supplement the facility from Bank of Scotland to finance the installation of ATMs under the placement model where ownership is retained by Cashbox.
Application has been made to AIM for 3,700,000 new ordinary shares of the Company to be admitted to trading and dealings are expected to commence on 15 April 2008 and a further application will be made in relation to the remaining 5,820,000 new ordinary shares and dealings are expected to commence on 18 April 2008.
Following the admission of the new ordinary shares, the total number of ordinary shares of the Company in issue and therefore the total voting rights will be 104,367,525.
For further information:
| Cashbox plc | |
| David Auger, Chief Financial Officer | Tel: +44 (0) 1256 441 000 |
| dauger@cashboxplc.co.uk | www.cashboxplc.co.uk |
| Seymour Pierce Limited | |
| Jonathan Wright | Tel: +44 (0) 20 7107 8000 |
| www.seymourpierce.com | |
| Fairfax I.S. PLC | |
| Ewan Leggat | Tel: +44 (0) 20 7598 5368 |
| www.fairfaxplc.com |
Media enquiries:
| Threadneedle Communications | |
| Josh Royston / Graham Herring | Tel: +44 (0) 20 7936 9606 |
| www.threadneedlepr.co.uk |
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