1. Follow Casinomeister on Twitter | Facebook | YouTube | Casinomeister.us US Residents Click here! |  Svenska Svenska | 
  2. By continuing to use the site, you agree to the use of cookies. You can find out more by following.Find out more.
    Dismiss Notice
  3. Sister site to Casino Max launches

    Roaring 21 has just launched - sister casino to Casino Max, and they have a special promotion for you!! .They are in the Baptism by Fire - you can check them out here: Roaring 21 BBF and special promo.

    Dismiss Notice
Dismiss Notice

BGO Exclusive Promo: 25 free spins with No Wagering on Archangels Salvation

Get Up to 25 free spins on Archangels: Salvation
No wagering requirements and No Max Win cap!

New Depositing players ONLY.
Dismiss Notice

Exclusive Afterlife: Inferno New Slot Comp - Win a Break in Florence & Other Prizes

To celebrate the launch, Casinomeister has teamed up with 3 casinos to run a competition where you can win a 3-day break* in Dante's stunningly beautiful birthplace of Florence in Italy (or a cash prize of £500) along with a number of smaller prizes for the best screenshots
Dismiss Notice
REGISTER NOW!! Why? Because you can't do diddly squat without having been registered!

At the moment you have limited access to view most discussions: you can't make contact with thousands of fellow players, affiliates, casino reps, and all sorts of other riff-raff.

Registration is fast, simple and absolutely free so please, join Casinomeister here!

PR: 32Red raises 5.3m in Placing at 140p per share

Discussion in 'Casino Industry Discussion' started by Casinomeister, Mar 29, 2006.

    Mar 29, 2006
  1. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    32Red Plc
    (32Red or the Company)

    32Red raises 5.3m in Placing at 140p per share

    32Red Plc, the UK facing online casino and poker operator, is pleased to announce that it has raised approximately 5.3m (before expenses) in a placing (the Placing), primarily with new institutional investors, arranged by Numis Securities Limited (Numis).

    The Placing involves the issue of 3,766,500 new ordinary shares in the Company at a price of 140p per share. The Placing shares are equivalent to approximately 8 per cent. of the Companys existing ordinary share capital, and when issued, will represent approximately 7.4 per cent. of the Companys enlarged issued share capital.

    The Placing will widen the Companys shareholder base and increase liquidity. Proceeds will be used for the expansion of the Companys marketing programme. In addition, the Company continues to look at acquisition opportunities within the online gaming industry.

    Commenting on the announcement, Ed Ware, 32Reds Chief Executive Officer, said:

    It has been our intention since Admission to AIM last September to widen the shareholder base and raise capital to invest in 32Reds future growth.

    We are delighted to have raised these funds, which will enable us to step up our focused marketing programme and enhance 32Reds profile and brand recognition. The additional capital will also give us increased resources to pursue strategic acquisitions that we feel would be complementary to 32Reds existing offering.

    29 March 2006


    32Red Plc Tel: 00 35 049 396
    Ed Ware, CEO
    Simon Dimmer, Finance Director

    Numis Securities Limited Tel: 020 7776 1500
    Chris Wilkinson
    Andrew Dawber

    College Hill Associates Tel: 020 7457 2020
    Tom Baldock

    32Red Plc is an award winning UK-focused online gaming business predominantly comprising two distinct activities: casino and poker. The Company offers customers over 200 online casino games (including roulette, blackjack and slot machines), played against the house. The Company also operates a multiplayer online poker room. 83% of the Companys customers are based in the UK and Ireland.

    Under the Placing the Company has raised 5.3m before expenses (and approximately 5.0m after expenses). The Placing has been arranged and underwritten by Numis and is conditional on the placing agreement between 32Red and Numis becoming unconditional and not being terminated prior to 3 April 2006, the expected date of admission of the new shares, or such later date (not being later than 11 April 2006) as 32Red and Numis may agree. The new shares will rank pari passu in all respects with the existing ordinary shares of 0.2p each in issue. It is expected that dealings in the new shares will commence on AIM on 3 April 2006.

Share This Page