Placements::Issue of New Shares pursuant to Placement

Issuer & Securities

Issuer/ Manager
GLOBAL INVACOM GROUP LIMITED
Securities
GLOBAL INVACOM GROUP LIMITED - SG2E91982768 - QS9

Announcement Details

Announcement Title
Placements
Date &Time of Broadcast
02-Jul-2014 18:18:44
Status
New
Announcement Sub Title
Issue of New Shares pursuant to Placement
Announcement Reference
SG140702OTHR6SUC
Submitted By (Co./ Ind. Name)
Anthony Brian Taylor
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Following the approval of the Company's Shareholders obtained at the Extraordinary General Meeting in relation to, inter alia, the Placing to be carried out in conjunction with the Potential AIM Listing, the Company has on 1 July 2014 allotted and issued 44,600,000 New Shares at an issue price of 19.75 pence (or S$0.42) to the institutional and other investors in the United Kingdom. The number of New Shares represent 16.1 per cent. of the Company's enlarged issued share capital immediately after the Placing (excluding treasury shares).

Additional Details

Capital Amount-Old
SGD 81,606,013.14
Capital Amount-New
SGD 100,338,013.14
No. of Existing Outstanding Shares
276432299
New Shares Issued
44600000
Offer Price
SGD 0.42