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Daniel Stewart Securities (DAN)

 1.15p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.50
  • 52 Week Low: 1.08
  • Currency: UK Pounds
  • Shares Issued: 510.33m
  • Volume: 125,000
  • Market Cap: £5.87m
  • RiskGrade: 230
  • Beta: 0.05

Issue Of Equity

RNS Number : 0740T
Daniel Stewart Securities PLC
01 June 2009
 



1 June 2009


DANIEL STEWART SECURITIES PLC

("Daniel Stewart" or "the Company")


ISSUE OF EQUITY

SENIOR APPOINTMENT



Daniel Stewart (AIM: DAN.L), stockbroker and corporate finance adviser to smaller and medium-sized companies, is today pleased to announce that it has conditionally placed 52,500,000 new ordinary shares of 0.25 pence each ("Ordinary Shares") with investors at a price of 2 pence per Ordinary Share, raising £1m for the Company ("the Placing"), following expenses. The proceeds of the Placing will be utilised for general working capital.


Application will be made for the new Ordinary Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence on 15 June 2009.  The new Ordinary Shares will rank pari passu with the existing Ordinary Shares


Following admission, Daniel Stewart's issued share capital will comprise 312,811,066 Ordinary Shares of 0.25 pence each.


The Board of Daniel Stewart is further pleased to announce the senior appointment of Christian Wiss as Head of Sales, with immediate effect.


Christian joins Daniel Stewart from NZB Neue Zurcher Bank He has held a number of appointments at management level, including Senior Vice President, Fox-Pitt, Kelton and a Director of Dresdner Kleinwort Wasserstein.


Peter Shea, Chief Executive Officer said:


The Company welcomes the interest shown by investors who have participated in the Placing, strengthening its shareholder base and, together with the appointment of Christian, feels confident that we can continue to grow the business, creating value for shareholders. 


Peter Shea, Chief Executive Officer

Daniel Stewart Securities plc                                                   Tel: 020 7776 6550


William Vandyk

Blue Oar Securities plc (NOMAD)                                           Tel: 020 7448 4400



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

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