Institutional Placing
10 Novembro 2003 - 10:32AM
UK Regulatory
RNS Number:8725R
Medical Marketing Int'l Group PLC
10 November 2003
FOR IMMEDIATE RELEASE 10 NOVEMBER 2003
MEDICAL MARKETING INTERNATIONAL GROUP PLC
INSTITUTIONAL PLACING RAISES #1.012 MILLION
Medical Marketing International Group plc (MMI) the Cambridge, UK-based
technology management company (LSE:MMG) announces that at a board meeting held
today 2,409,142 ordinary shares of 0.2p each in the Company were allotted
pursuant to a placing to new and existing institutional shareholders at a price
of 42 pence per share, raising approximately #1.012m before expenses.
Application will be made today for the new shares to be admitted to the
Alternative Investment Market (AIM). The placing is conditional on admission,
which is expected to become effective on 14 November 2003. When issued, the new
shares will rank pari passu in all respects with the Company's existing ordinary
shares. Following the placing, MMI will have a total of 45,043,905 ordinary
shares in issue.
For further information, please contact:
David Best - Executive Chairman
MMI Group Tel: +44 (0)1223 477677
www.mmigroup.co.uk
Lisa Baderoon
Buchanan Communications Tel: +44 (0)20 7466 5000
lisab@buchanan.uk.com
This information is provided by RNS
The company news service from the London Stock Exchange
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