Empresaria Group PLC
09 May 2006
Empresaria Group plc
('Empresaria' or the 'Company')
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, JAPAN, CANADA, AUSTRALIA OR THE
REPUBLIC OF IRELAND.
The Company announces today that it has successfully raised Â£950,000 before
expenses, through the placing of 1,000,000 ordinary shares at a price of 95p
each ('Placing Shares'). The Placing Shares have been placed with institutional
investors by the Company's broker, Bridgewell Securities Limited.
It is anticipated that the net proceeds from the placing will be applied towards
a number of development opportunities in overseas staffing markets currently
being considered by the Company.
Application for the admission to AIM of the Placing Shares has today been made
and dealings are expected to commence on 12 May 2006. The Placing Shares will,
on admission, rank pari passu with the existing ordinary shares.
Miles Hunt, CEO, Empresaria, commented: 'I am delighted with the response and
support from investors, and believe that the funds raised will position the
Company to effectively undertake the next stage of its business strategy.'
For further enquires, please contact:
Empresaria Group plc:
Tony Martin (Chairman)
Miles Hunt (Chief Executive)
Nick Hall-Palmer (Finance Director)
01293 649 903
Bridgewell Securities Limited:
James Wellesley Wesley
020 7003 3000
This information is provided by RNS
The company news service from the London Stock Exchange