|Empire Online has announced that its first day of dealings on AIM, following a Placing by Numis Securities Limited, is set to raise approximately £123.5 million at a price of 175p per share|
Empire Online Limited, provider of marketing services to the online gaming industry, announced the admission to trading of its Ordinary Shares on the AIM market of the London Stock Exchange.
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.
Numis Securities Limited acted as Nominated Adviser, Financial Adviser, Broker and Underwriter to the Placing. 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.)