|Empire Online Limited (the “Company” or “Empire Online”), a leading provider of marketing services to the online gaming industry, today announces the admission to trading of its Ordinary Shares on the AIM market of the London Stock Exchange (“Admission”). |
•The Placing comprises a total of 70,555,556 shares at 175p per Ordinary Share (the “Placing Price”), representing 24.1 per cent of the enlarged issued share capital of the company. Following admission the number of Ordinary shares in issue will total 292,777,772.
•Based on the Placing Price, the market capitalisation of Empire Online on commencement of dealings in the Ordinary Shares is £512,361,101 million.
•Gross proceeds of the Placing are approximately £123.47m (US$222.25m.)
•Numis Securities Limited acted as Nominated Adviser, Financial Adviser, Broker and Underwriter to the Placing.
Noam Lanir, Chief Executive Officer, said:
“We are delighted the Placing has been so well received and welcome our new shareholders in Empire Online. The Placing and flotation on the AIM market of the London Stock Exchange will enable us to consolidate and build on our rapid growth and allow us and our shareholders to take full advantage of the exciting prospects ahead.”
For further information:
Empire Online Limited
+44 (0) 20 7638 9571
Noam Lanir, Chief Executive Officer
Yossi Pereg, Chief Financial Officer
+44 (0) 20 7776 1500
(Nominated Adviser, Financial Adviser, Broker and Underwriter)
Jag Mundi, Head of Corporate Finance
Lee Aston, Associate Director, Corporate Finance