RNS Number : 3336Y
Pan Pacific Aggregates PLC
01 September 2009
PAN PACIFIC AGGREGATES PLC
ISSUE OF EQUITY
The Board of Pan Pacific Aggregates plc (the 'Company') announces that, on 28 August 2009 it issued and allotted 89,285,714 new ordinary shares of 0.1p each ('New Ordinary Shares') (representing approximately 9.6 per cent. of the current issued share capital of the Company) at a price of 0.28p per share (the 'Placing Price'), to KC Investments Limited raising £250,000 (before expenses) pursuant to a placing. The net placing proceeds will be used for additional working capital purposes.
The New Ordinary Shares are being placed under existing authorities to issue and allot shares.
Application has been made to the London Stock Exchange for the 89,285,714 New Ordinary Shares to be admitted to trading on AIM and it is expected that dealings will commence on or around 4 September 2009.
Following the placing the enlarged issued share capital of the Company will be 1,018,262,447 ordinary shares.
For further information please see the Company's web site, www.panagg.com or contact:
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Pan Pacific Aggregates plc
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Tel: +44 (0) 20 7096 9580
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William Voaden
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Dowgate Capital Advisers Ltd
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Tel: +44 (0) 20 7492 4777
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James Caithie / Aaron Smyth
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VSA Capital Limited
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Tel: +44 (0) 20 7096 9589
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Paul Backhouse
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Lothbury Financial Limited
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Tel: +44 (0) 20 7011 9411
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Michael Padley / Libby Moss
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This information is provided by RNS
The company news service from the London Stock Exchange
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