TIDMTTV
27 November 2009
Talent Group plc
("Talent" or the "Company")
Subscription to raise GBP70,000
Talent announces that it has issued 1,400,000 new ordinary shares at 5p per
share to raise approximately GBP70,000 before expenses for the Company (the
"Placing"). The Placing is conditional upon admission of the new ordinary
shares to trading on AIM. The funds raised will be used to provide working
capital generally.
Mr Terry Bate, Chairman of the Company, is subscribing for 500,000 new ordinary
shares in the Placing. Following the subscription, Mr Bate will hold a total of
4,650,000 ordinary shares, equivalent to 25.73 per cent. of the then enlarged
issued share capital of the Company.
Application will be made shortly for the new ordinary shares to be admitted to
trading on AIM and admission is expected to become effective and dealings are
expected to commence on 3 December 2009. Following the admission of these
shares, the company will have a total of 18,070,284 ordinary shares in issue.
ENQUIRIES:
Talent Group plc
Tony Humphreys Tel: 020 7421 7800
Merchant John East Securities Limited
John East Tel: 020 7628 2200
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