VOR Vordere Plc

TIDMVOR

RNS Number : 5157K

Vordere PLC

07 July 2017

7 JULY 2017

VORDERE PLC

("Vordere" or the "Company)

Issue of Equity

Further to the announcement of the Company dated 12 June 2017 and the publication of the prospectus setting out details of, inter alia, the offer for subscription, the Company is pleased to announce that it has today allotted 29,205,882 ordinary shares of nominal value GBP0.02 in the capital of the Company at a price of GBP0.17 per share (the "Offer Ordinary Shares" as defined in the prospectus http://www.vordere.com/prospectus/). The Company further announces that 1,651,778 ordinary shares of nominal value GBP0.02 in the capital of the Company have been allotted at a price of GBP0.15 per share, pursuant to the advisory agreement entered into by the Company and GFG Limited ("GFG") on 30 September 2016 as detailed in the prospectus dated 28 September 2016. Under the advisory agreement, GFG is entitled to fees for the Company's completion of the subscription as described in the Company's announcement on 3 October 2016, raising gross proceeds of GBP2,477,666.70.

Application has been made for the Offer Ordinary Shares to be admitted to the standard segment of the Official List and to trading on the London Stock Exchange's main market for listed securities. It is expected that admission will become effective and that unconditional dealings will commence on the London Stock Exchange within five business days of date of allotment.

For further information please contact the Company at:

Vordere plc

3rd Floor

11-12 St James's Square

London, SW1Y 4LB

+44 20 3872 7325 (Azima Musayeva)

www.vordere.com

Enquiries:

 
                                    +44 (0)20 3755 
 Vordere PLC                                  5561 
 Keith Lassman of Howard Kennedy    +44 (0)20 3755 
  LLP (the Company's lawyers)                 5561 
 Peterhouse Corporate Finance 
  Limited                          +44 (0) 20 7220 
  Lucy Williams / Duncan Vasey                9797 
 
 
 
 

LEI number of Vordere Plc: 213800VALWEYWTLOX423

Classification: Announcement made pursuant to 6.1.13R of the FCA Disclosure and Transparency Rules

This information is provided by RNS

The company news service from the London Stock Exchange

END

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