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Published on 9/10/2009 in the Prospect News PIPE Daily.

New Issue: Daniel Stewart negotiates £2.31 million private placement of stock

By Devika Patel

Knoxville, Tenn., Sept. 10 - Daniel Stewart Securities plc said it plans a £2.31 million private placement of stock.

The company will sell 110 million ordinary shares at 2.1p per share to Prime Holding.

Daniel Stewart Securities, based in London, is an integrated financial services company.

Issuer:Daniel Stewart Securities plc
Issue:Ordinary shares
Amount:£2.31 million
Units:110 million
Price:2.1p
Warrants:No
Investor:Prime Holding
Pricing date:Sept. 10
Stock symbol:London: DAN
Stock price:2.75p at close Sept. 10
Market capitalization:£8.25 million

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