VOG 2005 New Thread

Placing:

* Net proceeds from Initial Public Offering in October 2004 were #11.5m
* Operational expenditure was in line with expectations, despite
acceleration in D1 Oils' business plans leading to loss on ordinary
activities before taxation for the year ended 31 December 2004 of #3.1m
* Cash balance was #9.6m on 31 December 2004
* The Placing announced today raised #24.3 million (net of expenses)
* 9,732,617 New Ordinary Shares have been placed at a price of 265p per
Ordinary Share

This is a copy of D1 Oils placing earlier this year, notice the last line "have been placed". his is how a placing announcement should look.