Etaireia Investments Plc

July 10, 2012 10:12 ET

Completion of £250,000 Fundraise and Directorate Changes

                                         Etaireia Investments Plc
                                       ("Etaireia" or the "Company")
                         Completion of £250,000 Fundraise and Directorate Changes

Etaireia Investments Plc is pleased to announce that it has today completed a fundraise of £250,000 through
the  placing of zero coupon, convertible loan notes ("Loan Notes") with existing investors. The Loan  Notes
are  unsecured and convertible at a price of 0.1 pence per share, exercisable at any time up to  10th  July

The following investors have investors have subscribed for the Loan Notes:

Subscriber:                                       Subscription amount:       Number of ordinary shares
                                                                             assuming full conversion at a
                                                                             price of  0.1p:
Mayfair International FCZ                         £50,000                    50,000,000
Alexander Varghese                                £50,000                    50,000,000
Manilva Investments Ltd                           £50,000                    50,000,000
Ashwillow Ltd                                     £50,000                    50,000,000
Dance LLC                                         £50,000                    50,000,000

In  the event of any conversion of these Loan Notes, and consequentially, any of the investors shareholding
increasing to a level above 29.9%, further conversion of shares will be subject to Takeover Panel approval.
Under  Rule 9 of the Takeover Code, any investor holding shares above this threshold will have  to  make  a
mandatory  offer for the remaining shares in the Company, apply for a dispensation from the Takeover  Panel
or not exercise its right to further shares in the Company unless their shareholding remains under 29.9%.

The  Company announces the appointment of Priya Shah to the Board of the Company as Executive Director. Ms.
Shah  studied  Economics at Queens' College, University of Cambridge.  After graduating in  2007,  she  has
worked  as  a trader at a number of financial institutions in London  and is now pursuing several  business

In addition to the directorship of the Company, Priya Shah holds or has held the following directorships or
has  been  a  partner  in  the  following partnerships within the five years prior  to  the  date  of  this

Current Directorships                                  Past Directorships
Urban Forage Limited                                   

The Company would also like to announce that Louis Yerolemou has stepped down from the Board with immediate
effect. The Company would like to thank Louis for all his work during his time on the Board and would  like
to wish him all the best with his future ventures.

The Directors of the Company accept responsibility for this announcement.


Greg Collier
+44 207 467 1700

Fungai Ndoro/ Eran Zucker
+44 207 469 0930

Contact Information

  • Etaireia Investments Plc