Placing, Listing & Dir. hldgs
19 Mai 2003 - 3:49PM
UK Regulatory
RNS Number:2675L
ARC Risk Management Group PLC
19 May 2003
ARC Risk Management Group plc (the "Company")
Placing, Additional Listing and Directors' Holdings
ARC Risk Management Group plc, the security and risk management consultants, is
pleased to announce that it has raised #229,500 in an equity placing. The
Company has placed 22,950,000 ordinary shares of 1p each in the Company at 1p
per share with institutional and private investors. The funds raised will be
used as working capital to fund the expansion of the business.
Application will be made for the 22,950,000 new ordinary shares to be admitted
to trading on AIM. The new ordinary shares will rank pari passu with the
existing ordinary shares in issue and dealings on AIM are expected to commence
on Friday, 23 May 2003.
Following their participation in the Placing, the Company has been notified of
the new shareholdings of Chief Executive Rob Whiting and Sidebell Limited, a
company of which Chairman Simon Richards is a director and shareholder:
Shareholder Current Placing New % of enlarged
Shareholding Shares Shareholding share capital
Robert 8,425,000 1,750,000 10,175,000 7.84%
Whiting
Sidebell 36,042,500 3,400,000 39,442,500 30.41%
Limited
Enquiries:
Rob Whiting Tel: 01491 875455
Chief Executive, ARC Risk Management Group plc
Maxine Barnes Tel: 020 7430 1600
Barnes and Walters Limited
Jeremy Porter Tel: 020 7648 8700
Seymour Pierce Limited
This information is provided by RNS
The company news service from the London Stock Exchange
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