METC Metic Grp

 
TIDMMETC 
 
 

  Drawn Down Facility 

  Metic Group plc (AIM:METC), ('Metic' or 'the Company'), the building systems and products group, today announces that is has entered into a drawn down facility with Old Park Lane Capital plc, the Group's joint broker, for up to 5 million new ordinary shares. The price to be paid for the shares will be at a discount of 40% to the mid price of the ordinary shares on the day the draw down is requested. The draw down facility expires on 30 August 2009. 

  The Company also announces that they have received notice from Old Park Lane Capital plc to draw down 268,450 shares at a price of 20.1pence per share raising GBP53,958. The net proceeds will be used for general working capital purposes. 

  Application has been made for the admission of 268,450 new ordinary shares to be admitted to trading on AIM and dealings are expected to commence on 8 May, 2009. Therefore, the total number of voting rights in Metic is 55,846,734. 

  The above figure (55,846,734) may be used by shareholders as the 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, Metic under the FSA's Disclosure and Transparency Rules. 

  -ENDS- 

  About Metic Group plcMetic Group plc is a Dublin headquartered building systems and products group. With primary operations in the UK and overseas, Metic specifically focuses on the architectural structures, glazing and building facade markets - sectors in which it is the leader in Ireland and the UK. The Group was formed in 2008 and comprises three premier brands in its chosen sectors: Melayway, Spacedecks and Portal Glazing Systems. 

  Metic Group has ambitious growth plans in order to create a leading European building systems and products group, with a primary focus on architectural glass structures & buildings, through the acquisition of a series of complementary, highly skilled specialist businesses. Metic has assembled a highly skilled and proven management team with extensive industry experience both geographically and by industry sector, to deliver on its growth objectives. 

  Contacts 

 
K Capital SourceInvestors,   Jonathan Neilan  T: +353 1 663 3686 
Analysts & Media 
 
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Old Park Lane Capital        Forbes Cutler    T: +44 20 749 38188 
PLCJoint Broker 
 
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Seymour PierceNomad          John Depasquale  T : +44 20 7107 8000 
and Joint Broker 
 
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