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Millwall Holdings PLC (the “The Company”)
EGM Statement

04 October 2010

The Company today announces that it is proposing to raise up to £11 million (approximately) by way of an open offer of ordinary shares to all shareholders pro rata to their existing shareholdings at the record date for the open offer. Chestnut Hill Ventures, LLC, a major shareholder in the Company, has agreed to take up its open offer entitlements and underwrite the open offer up to an aggregate amount of £10 million. The fundraising will enable the Company to reduce substantially its level of borrowings, improve its net asset position and will provide working capital for Millwall Football Club. Further details of the proposed open offer will be announced in due course

 

 

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Last modified: 03-11-11