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Pleass Global Shareholders Approve Private Placement

  Pleass Global Limited has received unanimous approval from its shareholders for a private placement of its shares to a new strategic investor. This came about as a resolution from
19 Oct 2016 11:00
Pleass Global Shareholders Approve Private Placement
Pleass Global

 

Pleass Global Limited has received unanimous approval from its shareholders for a private placement of its shares to a new strategic investor.

This came about as a resolution from a special general meeting held yesterday which was specifically for the consideration of the private placement.

Pleass Global issued 600,000 shares at the price of $2 per share for a total consideration of $1.2 million. The total shares issued after the private placement was 6.6 million.

Pleass Global said it will subsequently apply to the SPSE to quote the additional shares. A subsequent market announcement will be made in due course.

 

Interim dividends

Meanwhile, the company has declared an interim dividend of two cents per share to its shareholders for the current year 2016.

“This is the result of the company’s continued growth and improved year to date profit,” it said.

“This is a reflection of the dividend policy and the Board’s desire to provide improved returns to its shareholders.”

 

Feedback:  rachnal@fijisun.com.fj

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