Ecovista Plc

November 09, 2015 09:45 ET

Issue of Equity & Completion of Property Investment

                                               Ecovista PLC
                                       ("Ecovista" or the "Company")

                           Issue of Equity and Completion of Property Investment
The  Directors  of Ecovista are pleased to announce that the Company has raised GBP 269,101  by  way  of  a
subscription  for 538,202,540 new ordinary shares at a price of 0.05 pence per share.  This represents  35%
of  the  enlarged  share  capital.  The new funds raised will be used to further  implement  the  Company's
strategy focused on the property and real estate sector.

The directors are also pleased to announce that the Company has completed the purchase of the final 49%  of
the share capital and now owns the entire share capital of Willow Cottages Limited ("WCL"). WCL is a single
purpose  vehicle  which owns a Cottage and 2.25 acres next to Stansted Airport this  transaction  has  been
satisfied  in  cash. WCL has also secured an option on the neighbouring cottage for 4 years at  a  purchase
price of £300,000. The option was obtained for a premium of £10,000 also settled in cash.

Following  the  issue of the shares above, Ecovista has a total of 1,535,215,700 Bottom  of  FormBottom  of
Formordinary 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)790 024 2769

Jon Isaacs / Nick Michaels
Alfred Henry Corporate Finance Limited
Tel: +44(0)207 251 3762

Date 9 November 2015

Contact Information

  • Ecovista Plc