Date: Wednesday 10 Apr 2013
LONDON (ShareCast) - Shares in training and consultancy firm EW Group dropped almost 15 per cent of their value on Wednesday after the company issued just under 62.68m new ordinary shares at a subscription price of 1.0p each.
The £626,750 proceeds will be used to support the company's existing investment strategy, including providing further support to its largest investment to date, European Wealth Management Group, by way of a loan totalling £625,000.
The unsecured loan carries an interest of 10% per annum and is repayable one year after the date of the drawdown.
EW said European Wealth's assets under management have increased nearly fourfold to $0.6bn over the past year, with at least another $100m expected in the next six months.
The share price fell 14.81% to 1.15p by 09:20.
NR
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Currency | UK Pounds |
Share Price | 11.25p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 22.00 |
52 Week Low | 9.50 |
Volume | 223 |
Shares Issued | 216.92m |
Market Cap | £24.40m |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
Time | Volume / Share Price |
08:00 | 223 @ 10.50p |
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