Dawnay, Day Carpathian PLC
28 October 2005
For immediate release 28 October 2005
Dawnay, Day Carpathian PLC ("DDC" or the "Company")
Additional Listing
Application has been made for 3,856,862 new ordinary shares of 1p each (the "New
Ordinary Shares") to be admitted to trading on the AIM market of the London
Stock Exchange.
In its admission document dated 20 July 2005 (the "Admission Document"), the
Company stated that the net profit made by members of the Dawnay, Day Group (as
defined in the Admission Document) through disposing of certain predetermined
property assets to DDC on arms length terms would be used to subscribe for New
Ordinary Shares in the capital of the Company. The price of subscription for
New Ordinary Shares is determined by the average of the closing mid market
prices of the Company's shares for the five days preceding allotment.
As previously announced, subsidiaries of the Company have recently completed the
acquisitions of the Heitman and Antana property portfolios from members of the
Dawnay, Day Group. The New Ordinary Shares have been issued to members of the
Dawnay, Day Group who have invested their net profits from the acquisitions into
New Ordinary Shares of the Company at a price of 108p per share. Accordingly,
the Company has raised approximately £4.2 million of additional equity
following the subscriptions.
The New Ordinary Shares will rank pari passu with existing ordinary shares and
it is expected that admission will become effective at 8.00 a.m. on 2 November
2005.
Enquiries
Dawnay, Day Carpathian PLC
Peter Klimt 020 7834 8060
Dawnay, Day Europe Limited
Paul Rogers 020 7834 8060
Numis Securities Limited
Bruce Garrow 020 7776 1500
Emma Primarolo
This information is provided by RNS
The company news service from the London Stock Exchange