EFD Eatonfield

 

TIDMEFD 
 
RNS Number : 4085I 
Eatonfield Group plc 
11 March 2010 
 

11 March 2010 
                                  PRESS RELEASE 
 
                              Eatonfield Group plc 
                        ("Eatonfield" or "the Company") 
                            Equity Drawdown Facility 
 
The board of Eatonfield is pleased to announce that on 10 March 2010, it agreed 
a GBP900,000 equity facility to provide the Company with further funding. This 
investment is additional to the GBP100,000 raised by the issue of 10,000,000 new 
ordinary shares of 1p each ("Ordinary Shares") announced on 9 March 2010. 
 
This funding, which is subject to (i) certain warranties given by the Company 
and (ii) certain conditions being satisfied prior to drawdown, is to be made 
available by way of an equity drawdown facility provided by Jenard Properties 
Limited ("Jenard"), one of Eatonfield's joint venture partners. Jenard also 
subscribed for the Ordinary Shares issued on 9 March 2010. 
 
The facility is available for Eatonfield to draw down at any time between today 
and 31 August 2010. All sums drawn down will be satisfied by the issue of 
Ordinary Shares in Eatonfield at a price of 1p per share.  The facility, if 
drawn down in total, will provide Eatonfield with sufficient working capital 
through to 31 August 2010. 
 
The directors of Eatonfield are actively continuing to pursue further equity 
funding in order to ensure that the Company has available to it adequate working 
capital for the foreseeable future. A further announcement in this respect will 
be made at the appropriate time. 
 
 
 
For further information: 
 
Eatonfield Group plc 
Paul Williams, (Executive Chairman)                     Tel: (+44) (0)1829 
261910 
Rob Lloyd, (Chief Executive) 
 
Evolution Securities 
Joanne Lake/Peter Steel                                         Tel: (+44) (0) 
113 243 1619 
 
Orbis Equity Partners Limited                            Tel: (+44) (0) 203 137 
1904 
Jeremy King 
 
Threadneedle Communications 
Graham Herring                                                        Tel: (+44) 
(0) 20 7653 9858 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCLLFLAVTIILII 
 

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