Ecovista Plc

January 05, 2015 07:33 ET

Issue of Equity and Maiden Property Investment

                                               Ecovista PLC
                                       ("Ecovista" or the "Company")
                              Issue of Equity and Maiden Property Investment

The  Directors  of  Ecovista are pleased to announce that the Company has raised GBP 88,998  by  way  of  a
subscription  for 49,657,560 new ordinary shares at a price of 0.15 pence per share.  The new funds  raised
will be used to further implement the Company's investment strategy focused on the property and real estate

The  directors  are  also pleased to announce that the Company has completed its first property  investment
since its new investment strategy was approved on 3rd December 2014.

The Company has acquired 25% of Willow Cottages Limited ("WCL"). WCL is a single purpose vehicle which owns
a  Cottage  and  2.25  acres next to Stansted Airport. The company has paid GBP  125,000,  which  has  been
satisfied in cash. The company also acquired the option to acquire the balance of the shares in the WCL for
a further GBP 375,000.

Following the issue of the shares above, Ecovista has a total of 724,013,727 ordinary shares in issue.

The  above  figure may be used by shareholders as the denominator for the calculations by which  they  will
determine if they are required to notify their interest in, or a change to their interest in, Ecovista  Plc
under the FCA's Disclosure and Transparency Rules.

The Directors of the Company accept responsibility for this announcement.

Luca Tenuta
Ecovista Plc
Tel: +44 (0) 7900 242 769

Nick Michaels / Jon Isaacs
Alfred Henry Corporate Finance Limited
Tel: +44 (0) 20 7251 3762

Date 5 January 2015

Contact Information

  • Ecovista Plc