PCG Entertainment plc Placing of New Ordinary Shares and Board Change (6457Z)
March 16 2017 - 3:44AM
UK Regulatory
TIDMPCGE
RNS Number : 6457Z
PCG Entertainment plc
16 March 2017
16 March 2017
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
PCG Entertainment Plc
("PCGE", the "Company" or the "Group")
PCG Entertainment Plc / Index: AIM / Epic: PCGE
Placing of New Ordinary Shares and Board Change
PCG Entertainment Plc (AIM: PCGE), the AIM quoted Asia-Pacific
online gaming and media company, has today raised GBP350,000
(before expenses) through a placing via its broker, Beaufort
Securities Limited, of 250,000,000 new ordinary shares of 0.1 pence
each ("Ordinary Shares") and a price of 0.14 pence per Ordinary
Share (the "Placing"). The proceeds of the Placing will be used for
general working capital purposes. The Placing has been undertaken
within the Company's existing share authorities and is conditional
only on admission of the new Ordinary Shares to trading on AIM
("Admission").
Application has been made for Admission, which is expected to
occur on or around 30 March 2017.
Following Admission, the Company's issued share capital will
consist of 2,124,940,507 Ordinary Shares, with one voting right per
share. PCGE does not hold any Ordinary Shares in treasury.
Therefore, the total number of Ordinary Shares and voting rights in
the Company will be 2,124,940,507. This figure may be used by
shareholders in the Company 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, the share capital of
the Company.
On 15(th) March 2017 the Company served notice of termination on
Electric Warrior Limited, which is the consultancy company
providing Nick Bryant's services to the Company. Under a power of
attorney granted under the consultancy agreement the Company can
remove Mr Bryant as a director of any group companies.
For more information on PCGE please visit the Company's website
www.pcge.com.
Enquiries:
PCG Entertainment PLC
Richard Poulden, Chairman Tel: +44 207 812 0645
Allenby Capital Limited
Nick Harris Tel: +44 20 3328 5656
Beaufort Securities Limited
Elliot Hance Tel: +44 20 7382 8300
Damson Communications
Abigail Stuart-Menteth/Amelia Tel: +44 20 7812 0645
Hubert
This information is provided by RNS
The company news service from the London Stock Exchange
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March 16, 2017 03:44 ET (07:44 GMT)