COE Group Plc - Proposed share trading and loan conversion

Published: 18.11.2008

Category: Corporate News

Proposed funds raising through shares placing.

COE Group Plc today announces that it proposes to raise approximately £941,500 before expenses, through the placing of 10,461,115 ordinary shares of 1 pence each (“Ordinary Shares”) at a price of 9p per share (the “Placing Shares”) (“Placing”) and also proposes to convert a £350,000 existing loan from IP Group Plc (“Loan Conversion”) into 3,888,888 ordinary shares (“Loan Conversion Shares”). The total number of Ordinary Shares to be issued under the Placing and the Loan Conversion is 14,350,003