Daily Internet plc

LSE : DAIP


November 12, 2012 07:06 ET

Issue of Equity

Daily Internet Plc
                                      ("Daily" or the "Company")
 
                                            Issue of Equity

Daily  Internet  Plc is pleased to announce that the Company has raised GBP582,584 from  new  and  existing
shareholders for additional working capital. The funds were raised through a placing of 28,750,000 ordinary
shares  at  a price of 2 pence per share and an open offer of 379,200 ordinary shares at 2p as reported  in
the results of the AGM held on 27 September 2012.

As  a  result  of the issue of shares, the following parties who took part in the placing have  significant
holdings in the Company:


                                              Shares           Resultant          Percentage
Name:                                         acquired         holding            holding

Mr John Thompson                              6000000          6200000            6.76%
Fitel Nominees Limited                        7500000          7500000            8.17%
Cheviot Capital (Nominees) Ltd                7500000          7500000            8.17%
                                                                                  


In accordance with the FSA's Disclosure and Transparency Rules, the board of Daily confirm that the Company
has 91,752,750 shares of 0.5p in issue carrying voting rights.

The above figure may be used by shareholders as the denominator for the calculations  
by which they will determine if they are required to notify their interest in, or  change  
to their interest in the Company under the FSA's Disclosure and Transparency Rules.

The Directors of the Company accept responsibility for the content of this
Announcement.



                             
Enquiries:
Clive Maudsley
Company Secretary
Daily Internet plc
Tel 0161 975 0434



Loeb Aron & Company Ltd. (Corporate Adviser)
Dr Frank Lucas/ Peter Freeman
Tel 02076281128




Contact Information

  • Daily Internet plc