CLY Caplay

RNS Number:1237U
Caplay PLC
15 November 2005



15 November 2005

Contact: Patrick Claridge, Chief Executive
Caplay PLC +44 207 759 8563

David Bick, Holborn +44 207 929 5599

Roland Cornish +44 207 628 3396

                           Caplay PLC ("the Company")

  Fully underwritten issue of new ordinary shares and warrants ("the Placing")

On Friday, 11 November 2005, Caplay announced preliminary details of the Placing
to raise #1 million before expenses. The Company is now pleased to announce that
the Placing is complete and that application has been made for the 100,000,000
new ordinary shares (the "Placing Shares"), which will rank pari passu, with the
existing ordinary shares, to be admitted to trading on AIM. Dealings in the
Placing Shares are expected to commence on 17 November 2005. As part of the
Placing, the Company is issuing 100 million non-transferable warrants to
subscribe for new ordinary shares exercisable at 1p per share at any time during
the 36 month period following issue ("the Placing Warrants").

Each of the directors participated in the Placing. Anthony Fabrizi subscribed
for 5 million Placing Shares and Placing Warrants; Patrick Claridge for 3
million Placing Shares and Placing Warrants; Michael Feltham for 300,000 Placing
Shares and Placing Warrants; and Leo Knifton for 5 million Placing Shares and
Placing Warrants.

The directors are also being issued with 40 million non-transferable warrants to
subscribe for new ordinary shares exerciseable at 1p per share at any time
during the 36 month period following issue (the "Director Warrants") following
the cancellation of the existing share option schemes. These Director Warrants
have been allocated as to: Anthony Fabrizi, 9 million; Patrick Claridge, 13
million; Michael Feltham, 5 million; and Leo Knifton, 13 million.

All the directors have participated in the Placing and the Placing Shares and
Placing Warrants will represent a related party transaction under the AIM Rules.
The Company's nominated adviser considers that the terms of the transaction are
fair and reasonable insofar as the company's shareholders are concerned.

The purpose of the fund raising will be to provide working capital to enable the
management to identify and review suitable opportunities to implement a growth
strategy.








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