By Laura Lutz
Des Moines, May 25 - Debts.co.uk plc secured £1,631,250 from a private placement of shares.
The company agreed to sell 1,553,571 ordinary shares at 105p each.
Seymour Pierce is the agent.
Following settlement, the company will have 20,998,015 shares outstanding.
Proceeds will be used for the acquisition of Adie Financial Solutions Ltd. and for working capital.
Debts.co.uk is a personal debt advising company based in Chesterfield, England.
| Issuer: | Debts.co.uk plc
|
| Issue: | Shares
|
| Amount: | £1,631,250
|
| Shares: | 1,553,571
|
| Price: | 105p
|
| Warrants: | No
|
| Agent: | Seymour Pierce
|
| Announcement date: | May 25
|
| Stock symbol: | London: DETS
|
| Stock price: | 103p at close May 25
|
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