OKD Oakdene

    RNS Number : 7370E
  Oakdene Homes PLC
  30 September 2008
   

    Oakdene Homes Plc
    ("Oakdene" or the "Company")

    Update on placing of new ordinary shares 

    Oakdene Homes Plc (AIM:OKD), an established residential development company specialising in high quality new build and conversion
properties in sought-after locations, announced on 9 May 2008 a placing of new ordinary shares to raise up to �10 million. On 4 June 2008
the Company announced that commitments had been received for the placing of 10,000,000 shares of 1 pence each at 50 pence per share, with
attached warrants.

    Certain commitments for 1,012,892 shares are no longer expected to complete and the Company is taking advice regarding its legal
position. 

    The number of shares issued pursuant to the Placing is 8,987,108.

    For further information:
 Oakdene Homes Plc
 Carl Turpin, Chief Executive   Tel: +44 (0) 1737 249393 
 Robert Boot, Finance Director

 Panmure Gordon
 Dominic Morley  Tel: +44 (0) 20 7459 3600 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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