RNS Number : 2691H
Zyzygy PLC
03 November 2008
Zyzygy plc ('Zyzygy' or the 'Company')
Placing of shares
The directors of Zyzygy today announce that they have placed a total of 75,000,000 Ordinary Shares of 0.1p each ('Ordinary Shares') at a price of 0.1p per share to directors and other investors. The funds raised will be used to provide working capital for the Company.
As a result of the issue of these shares, Zyzygy will have 1,129,158,658 Ordinary Shares in issue with voting rights. The Company holds no shares in treasury.
Shares have been issued to the following directors and significant shareholders::
|
|
Number of shares subscribed
|
Resultant holding
|
Percentage of total voting rights (1,129,158,658 shares)
|
|
Duncan Lipscombe (Company Chairman)
|
20,000,000
|
93,878,199
|
8.31%
|
|
Peter Hire (Non-executive Director)
|
10,000,000
|
84,345,073
|
7.47%
|
|
Billam AG
|
20,000,000
|
220,000,000
|
19.48%
|
Application is being made for the shares to be admitted to trading on AIM with admission expected to take place on 7 November 2008.
Contact:
Zyzygy plc
Duncan Lipscombe (Chairman)
07775 681648
Grant Thornton UK LLP
Philip Secrett/Colin Aaronson
020 7383 5100
This information is provided by RNS
The company news service from the London Stock Exchange
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