ADIL Adili

 
TIDMADIL 
 
AIM: ADIL 15 April 2009 
 
                                   Adili plc 
 
                          ("Adili" or "the Company") 
 
          Placing of 11,633,500 new ordinary shares to raise GBP350,000 
 
Adili plc, the online retailer of ethical fashion and lifestyle products 
trading through Adili.com, announces that it has completed a placing to raise 
approximately GBP350,000 before expenses through the issue of 11,633,500 new 
ordinary shares ("Placing Shares") at a price of 3p per share ("Placing"). The 
net proceeds of the Placing will be used for the Company's immediate working 
capital requirements. The Placing represents the first phase of a continuing 
fundraising programme which, when completed, the directors believe will take 
the Company to cash break even. The Company expects to complete the next phase 
of the fundraising during the summer. 
 
Following completion of the Placing, the holdings of certain existing 
shareholders will be as follows: 
 
Shareholder                       Number of        Holding      Percentage of 
                             Placing Shares  following the share capital held 
                                                   Placing      following the 
                                                                      Placing 
 
Hawk Investment Holdings          5,666,700     27,074,048             48.77% 
Limited 
 
Mark Houghton Brown Esq.          2,666,700      4,226,664              7.61% 
 
Powe Capital Management LLP         833,400      2,791,630              5.03% 
 
Peter Davies Esq.                 1,566,700      2,552,674              4.60% 
 
Williams de Broe Limited            900,000      2,536,840              4.57% 
 
The Placing Shares will rank pari passu in all respects with the Company's 
existing ordinary shares. Application has been made for the Placing Shares to 
be admitted to trading on AIM ("Admission"), which is expected to take place on 
16 April 2009. Following Admission, there will be a total of 55,515,204 
ordinary shares in issue. 
 
Nick Samuel, Chairman, commented: 
 
"The commercial performance of our new website launched late last year and the 
initial positive reaction to our own labels, both from our customers and 
industry observers, have combined to drive the positive development of the 
business. 
 
I am pleased to see that our shareholding base has been supportive in the 
current economic environment. We will be looking to widen the shareholder base 
further over the coming months and are particularly interested in securing 
additional investors with retail experience." 
 
Enquiries: 
 
Adili plc                      Adam Smith, Chief Executive T: 01258 837 437 
                               Officer 
 
                               Mark Swire, Finance 
                               Director 
 
John East & Partners Limited   David Worlidge/Bidhi Bhoma  T: 020 7628 2200 
(Nominated Adviser and Broker) 
                               Graeme Cull 
 
 
 
 
END 
 

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