DP Poland PLC (“DP Poland” ,“DPP”, “the Company” or “the Group”)
Result of Open Offer
On 23 December 2011, the Board of DPP announced details of a Placing and Open Offer
…in which it had conditionally raised net proceeds of GBP2.58 million by means of a Placing through the issue of 4,583,334 Placing Shares at 60p per share and also, to provide shareholders who had not taken part in the Placing with an opportunity to invest in the Company. The Company was providing all qualifying shareholders with the opportunity to subscribe, also at 60p per share, for an aggregate of up to 1,666,667 Open Offer Shares.
The Open Offer has now closed in accordance with its terms and DPP is pleased to announce that it has received valid acceptances under the Open Offer in respect of 1,076,080 Open Offer Shares from Qualifying Shareholders, which represents a take-up of approximately 64.56% of the total Open Offer Shares being offered.
Application has been made for the 1,076,080 New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence at 8.00 a.m. on 7 February 2012.
Terms defined in the Circular published by the Company on 23 December 2012 shall have the same meaning in this announcement unless the context requires otherwise.
Peter Shaw, Chief Executive, said:
“We are very pleased with the level of Open Offer take up, which demonstrates the strength of ongoing and widening support for our strategy.”
In conformity with rule 5.6.1 of Disclosure and Transparency Rules, the Board of the Company notifies the market of the following:
The total number of ordinary shares of 0.5p each in DPP in issue as at the date of this notice is 25,437,986 with each share carrying the right to one vote. There are no shares held in Treasury. The total number of voting rights in the Company is therefore 25,437,986. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, DPP under the FSA’s Disclosure and Transparency Rules.
6 February 2012
Enquiries:
- 020 3393 6854DP Poland PLC
- Peter Shaw, Chief Executive
- 020 7457 2020
- College Hill
- Matthew Smallwood
- Justine Warren
- 020 7107 8000 Seymour Pierce
- Guy Peters/Catherine Leftley – Corporate Finance
- David Banks/Jacqui Briscoe – Corporate Broking