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wetdream - Wed, 21 Dec 05 :

Interesting that BPRG's placing, announced today, doesn't mention % taken up/oversubscription or whether it's completed etc etc just like VOG:

'...
Fundraising

The Company also announces today the placing of 12,285,328 new ordinary shares
of 1p each with institutional and other investors (the "New Ordinary Shares"),
representing approximately 9.99% of the current issued share capital of the
Company, at 47p per New Ordinary Share (representing a 12% discount to the
volume-weighted average share price as on 19 December 2005), under the
provisions of s.95 of the Company's Act 1985 as amended.

It is intended that the proceeds from the fundraising will be used to refinance
the cash consideration for the acquisition of Dexo and to provide additional
working capital for the Company, although the acquisition of Dexo by the
Company is not conditional on the fundraising.

The New Ordinary Shares will rank pari passu in all respects with the existing
ordinary shares of the Group. It is expected that admission to trading and
dealings in the New Ordinary Shares will commence on 3 January 2006.'


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