Etaireia Investments Plc
LSE : ETIP

August 01, 2014 02:00 ET

Statement re (insert appropriate text)

                                             ETAIREIA INVESTMENTS PLC
                                           ("Etaireia" or the "Company")
                                                         
                              Equity Subscription and Issue of Convertible Loan Notes

Etaireia  is  pleased to announce that the Company has raised £61,000 by way of a subscription for 24,400,000  new
ordinary shares at a price of 0.25p pence per share (the "Subscription"). Following the Subscription, the  Company
is aware of the following interests in the share capital of the Company:

Name of Shareholder                                         Ordinary Shares held                     %
Mayer Management Limited                                         145,000,000                      14.77%
        


The Company also announces that it has issued £50,000 zero coupon, convertible loan notes ("Loan Notes"). The Loan
Notes  are  unsecured and convertible at a price of 0.25 pence per share, exercisable at any time up  to  29  July
2017.

The  funds  raised  through the Subscription and the issue of Loan Notes will be used to implement  the  Company's
investment strategy which focuses on the property and real estate sector.

In  accordance with the FCA's Disclosure and Transparency Rules, the Board of Etaireia confirms that following the
issue of shares above, the Company has 981,388,724 ordinary shares of 0.01p in issue carrying voting rights.

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, Etaireia  under  the  FCA's
Disclosure and Transparency Rules.

The Directors of the Company accept responsibility for this announcement.

ENDS

Enquiries:

Etaireia Investments Plc
Greg Collier
Tel:  07830 182501

Peterhouse Corporate Finance Limited
Fungai Ndoro and Mark Anwyl
Tel:  020 7469 0934

Contact Information

  • Etaireia Investments Plc