27 March 2012
DANIEL STEWART SECURITIES PLC
('Daniel Stewart' or 'the Company')
ISSUE OF EQUITY
The DS deal with Jade will help open up a pipeline feed of China-Asia IPO's for DS
This could be a real flower tile Mahjong moment
Daniel Stewart (AIM: DAN.L), stockbroker and corporate finance adviser to smaller and medium-sized companies, is today pleased to announce that Jade Global Investments Limited ("Jade"), a financial services company based in China, has subscribed for 10,000,000 new ordinary shares of 0.25 pence each in the Company ("Ordinary Shares") at a price of 2.5 pence per Ordinary Share. The proceeds of the Placing will be utilised for general working capital. Following this issue, Jade will hold 29,400,000 Ordinary Shares amounting to 5.65% of the enlarged issued share capital of the Company.
Application will be made for the new Ordinary Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence on 30 March 2012. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.
.Peter Shea, Chief Executive Officer said:
"This is an important investment for the Company in that it demonstrates the success to date of our strategy to grow our business in Asia. Our permanent presence has led to significant interest from the small and mid-cap community in the region. We have a pipeline of high quality companies for whom we are working to find capital on a global basis to exploit the opportunity for growth that Asia now presents."
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Tuesday, 27 March 2012
Daniel Stewart DAN.LN Hit THE Big Time With Major Chinese Investment Partners Jade Global
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