RNS Number : 6503E
Mercom Capital Plc
20 July 2016
20 July 2016
Mercom Capital Corporation Plc
("Mercom" or "the Company")
Placing and warrant issue
The Company is pleased to announce that it has conditionally raised £225,000 before expenses
through the placing of 9,000,000 new Ordinary Shares of 0.1p each (the "Placing Shares") at a price of 2.5p per Placing Share
(the "Placing") with new shareholders, together with the issue of warrants over Ordinary Shares on the basis of one warrant for
every two Placing Shares exercisable at a price of 5p per share for a period of six months from admission of the Placing Shares
to trading on AIM.
In addition, the Board has been advised that two directors of the Company, namely John Zorbas and
Kyle Appleby, intend to subscribe for a total of 3,000,000 shares on the same terms following the announcement of the
Placing.
The net proceeds of the Placing will be applied to increase the Company's working capital and to
facilitate additional investments under the Company's investing policy.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR"). Market soundings, as
defined in MAR, were taken in respect of the Placing, with the result that certain persons became aware of inside information, as
permitted by MAR. That inside information is set out in this announcement. Therefore, those persons that received inside
information in a market sounding are no longer in possession of inside information relating to the Company and its
securities.
A further announcement will be made in due course.
END
For further information, please contact:
Mercom Capital Plc
John Zorbas
|
001 416 504 3978
|
Northland Capital Partners Limited
Nominated Adviser and Broker
Edward Hutton / Matthew Johnson
|
+44 (0) 20 3861 6625
|
Beaufort Securities Limited
Joint Broker
Elliot Hance
|
+44 (0) 20 7382 8300
|
This information is provided by RNS
The company news service from the London Stock Exchange
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