19 November 2015
Wheelsure Holdings plc
Wheelsure Holdings plc (ISDX: WHLP), the ISDX quoted industrial engineering company is pleased to announce that it has successfully raised gross proceeds of GBP 150,000 via a subscription by a new institutional investor for 15,000,000 new ordinary shares of 1p each in the Company ("Subscription Shares") at a price of 1 pence each (the “Subscription”) to provide additional working capital for the Company.
The Subscription was conducted by Daniel Stewart & Company Plc ("Daniel Stewart") and the Company will issue warrants to subscribe for 1,400,000 new ordinary shares to Daniel Stewart exercisable at 1 pence each at any time in the next five years.
Following this Subscription, the total number of shares now in issue is 162,194,226 with each share carrying the right to one vote. There are no shares held in Treasury and therefore this is also the total number of voting rights.
Gerhard Dodl, CEO of Wheelsure, commented:
“We are delighted to have received the support of a leading fund manager and this additional funding.”
The directors of the Company are responsible for the contents of this announcement.
|Wheelsure Holdings plc||01525 840 557|
|Gerhard Dodl, CEO|
|Daniel Stewart & Company Plc||0207 776 6550|
|David Coffman/Liz Kirchner - Corporate Adviser|
|David Lawman - Broker|
About Wheelsure holdings
Wheelsure Holdings plc is a holding company for a Group which develops and commercialises innovative products that meet safety needs throughout the world.