Issue of Equity
December 10 2010 - 4:06AM
UK Regulatory
TIDMAIM
RNS Number : 7360X
AIM Investments PLC
10 December 2010
10 December 2010
AIM Investments Plc
(the "Company")
Issue of Equity
The Company announced on 13 October 2010 that it had conditionally agreed to pay
Desmond Holdings Limited ("DHL") a fee of GBP120,000 for providing the Desmond
Loan, such fee to be satisfied, following the lifting of the suspension of
trading in the Company's shares, by the issue of such number of new ordinary
shares in the capital of the Company as equates to 29.99 per cent. of the
Company's enlarged issued share capital.
Following the restoration of trading in the Company's shares today, the Company
has issued 58,480,300 new ordinary shares of 0.1p per share (the "DHL Shares")
to DHL at 0.205p per share. The DHL Shares will rank pari passu in all respects
with the existing issued ordinary shares. Application has been made for the
admission to trading on AIM of the DHL Shares and admission is expected to occur
on 15 December 2010.
DHL is an unquoted investment company established in Hong Kong on behalf of a
small number of investors. DHL shares the Board's belief in the potentially
attractive investment opportunities in emerging markets, including in the Asia
Pacific region. As recently announced, the Company has made an investment in
Shenzen Cadro (Catic Group) Hydraulic Equipment Co. Limited ("Cadro"), a
China-based developer, manufacturer and distributer of mechanical (hydraulic)
lifts and covers for trucks. Cadro is currently seeking admission to the Over
The Counter Bulletin Board by means of a reverse takeover. Mark Pajak, Managing
Director of DHL commented: "We are delighted to be making the investment in AIM
Investments Plc and look forward to working with the Company to develop the full
potential of its strategy."
Following the issue of the DHL Shares, the issued share capital of the Company
is 194,999,400 ordinary shares of 0.1p each. As the Company does not hold any
shares in Treasury, this figure may be used by shareholders as denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the share capital of the
Company under the Financial Service Authority's Disclosure and Transparency
Rules.
For further information please contact:
+------------------------+----------------------+---------------+
| AIM Investments Plc | Alexandra Eavis | 08702 701 111 |
+------------------------+----------------------+---------------+
| Northland Capital | Gavin Burnell, | 020 7492 4750 |
| Partners Limited | Edward Hutton | |
| (Nominated Adviser and | | |
| Broker) | | |
+------------------------+----------------------+---------------+
www.aiminvestmentsplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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