Bluebird Energy PLC Issue of Equity (6356Z)
11 März 2013 - 8:00AM
UK Regulatory
TIDMBBE
RNS Number : 6356Z
Bluebird Energy PLC
11 March 2013
BLUEBIRD ENERGY PLC
(AIM: BBE)
Placing raising GBP1.88M
Bluebird Energy plc ("Bluebird" or "the Company") announces that
it has placed 470m new ordinary shares with investors at a price of
0.4p per share, raising a total of GBP1.88m
The net proceeds of the Placing will provide additional working
capital as the Company proceeds with its strategy of diversifying
into other business sectors which are perceived as offering better
investor returns on net assets.
James Ede-Golightly, Chairman, has invested GBP25,000 and Gordon
Hall, senior non executive director, has invested GBP10,000 in the
Placing. The independent director, Brian Marshall, who is not
participating in the Placing and having consulted WH Ireland, the
Company's nominated adviser, considers that the directors'
participation is fair and reasonable insofar as the interests of
shareholders are concerned.
Application has been made for the new ordinary shares to be
admitted to AIM. It is expected that the admission will take place
and dealings in the new ordinary shares will commence with effect
from Friday 15 March 2013.
Contacts
Bluebird Energy plc www.bluebirdenergy.net
James Ede-Golightly - Chairman +44 (0) 1225 428139
WH Ireland Limited www.wh-ireland.co.uk
John Wakefield +44 (0) 117 945 3470
This information is provided by RNS
The company news service from the London Stock Exchange
END
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