Anglo African Ag PLC Subscription
April 26 2017 - 2:00AM
UK Regulatory
TIDMAAAP
26 April 2017 For Immediate Release
Anglo African Agriculture plc
("AAA" or the "Company")
Subscription
The Board of Anglo African Agriculture plc (LSE: AAAP), the London Main board
listed food manufacturing and trading company, today announces that it has
raised approximately GBP120,250 (gross) (the "Subscription Amount") by way of
subscription of 18,500,000 new ordinary shares of 0.1p each (the "Subscription
Shares") at a price of 0.65p per Subscription Share.
The Subscription Shares will rank pari passu with the existing ordinary shares.
The Company has made application for admission of the Subscription Shares and
it is expected that admission will become effective and that dealings in the
Subscription Shares will commence at 8.00am on 4 May 2017.
Following the issue of the Subscription Shares, the Company will have
206,983,954 shares in issue.
The Subscription proceeds will be used to provide additional working capital,
which will enable the Company to add additional ingredient stock in to the
Dynamic Intertrade factory in order to meet growing demand for its products.
David Lenigas, Non-Executive Chairman, commented: "We are pleased to have
raised these funds from new investors, which will allow us to continue building
momentum and develop our product offering"
For further information please contact:
Anglo African Agriculture plc +44 (0) 20 7440 0640
David Lenigas, Non-Executive Chairman
Rob Scott, Non-Executive Director
VSA Capital Limited (Financial Adviser and +44 (0) 20 3005 5000
Corporate Broker)
Andrew Raca
END
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