Wednesday, September 02, 2015
Sigma, the PRS, residential and urban regeneration specialist, is pleased to announce that at the General Meeting held earlier today, each of the resolutions tabled were duly passed thereby approving the issue by the Company of 26,666,666 new ordinary shares of 1p each (the “New Ordinary Shares”) at a price of 75p per share to raise £20 million before expenses.
Application has been made for the New Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange (“Admission”) and it is expected that Admission will become effective and dealings in the New Ordinary Shares will commence at 8:00 am on 3 September 2015. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares of the Company. Following Admission, the Company will have 88,489,430 ordinary shares with voting rights in issue, none of which will be held in treasury.
The above figure of 88,489,430 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 a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.
Sigma Capital Group plc
Graham Barnet, Chief Executive
Malcolm Briselden, Finance Director
T: 0131 220 9444
T: 020 3178 6378
James Maxwell/Alex Wright
T: 0207 496 3000
Company website: www.sigmacapital.co.uk
Notes to editors:
About Sigma Capital Group plc www.sigmacapital.co.uk Sigma is a PRS, residential development and urban regeneration specialist, with offices in Manchester, London and Edinburgh. Sigma's principal focus is now on the delivery of large scale housing schemes, initially for the Private Rented Sector. It has a well-established track record in assisting with property-related regeneration projects in the public sector, acting as a bridge between the public and private sectors.