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RNS Number : 7622O
Nasstar PLC
12 March 2009
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Issue of Equity
Nasstar Plc ("Nasstar" or "the Company", AIM: NASA) announces that it has placed
700,000 new Ordinary
Shares of 1p each at 25p per share raising GBP175,000 in
aggregate. The proceeds will be used for working
capital.
The new Ordinary Shares will on their issue rank pari passu with the existing
Ordinary Shares in issue and an application has been made for admission of these
shares to trading on AIM with admission expected to occur on 18 March 2009.
Following the issue of these Ordinary Shares, which will happen conditionally on
Admission, the Company will have 16,916,556 Ordinary Shares in issue.
Following admission of the new Ordinary Shares, Hoodless Brennan plc will have
an interest in 600,000 Ordinary Shares, representing approximately 3.5% of the
Company's issued share capital.
For further information, please contact:
Nasstar Plc0870 240 1634
Charles Black, Chief Executive
Ambrian Partners Limited0207 634 4700
Samantha Harrison
This information is provided by RNS
The company news service from the London Stock Exchange
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