METROELECTRIC PLC
("Metroelectric" or the "Company")
Issue of Equity & Total Voting Rights
Metroelectric is pleased to announce that the Company has raised £250,000 by way of a subscription for 100,000,000 new ordinary shares at a price of 0.25p pence per share by the Focus Play Retirement Benefit Scheme. The ordinary shares are registered in the name of Gleeson Bessent Trustee Services Limited.
As a result of this allotment, the Focus Play Retirement Benefit Scheme is interested in 100,000,000 ordinary shares representing 9.00% of the enlarged issued share capital of the Company.
In accordance with the FCA's Disclosure and Transparency Rules, the Board of Metroelectric confirms that following the above allotment, the Company has 1,111,011,405 ordinary shares of 0.1p 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 change to their interest in Imperial under the FSA's Disclosure and Transparency Rules.
The Directors of the Company accept responsibility for this announcement.
ENDS
Enquiries:
Metroelectric Plc
Greg Collier
Tel: 07830 182501
Peterhouse Corporate Finance Ltd
Eran Zucker/Fungai Ndoro
Tel: 020 7469 0934