DXS International plc (UK) – Statement re Progress of Private Placing
Statement re Progress of Private Placing
DXS INTERNATIONAL PLC
Progress of Private Placing
The Directors are pleased to announce that good progress is continuing to be made with the current private placing and that so far a total of £210,500 in cash has been received by the Company in respect of the allotment of 1,403,333 Ordinary Shares of 0.33p each.
The Directors are aware of a single recent trade that has resulted in the market price being marked down. The Directors are of the view that the current indicative share price substantially undervalues the Company and its prospects.
The Directors of DXS International plc accept responsibility for this announcement.
Published: 10:10 CET 10-02-2010 /HUGIN /Source: DXS International plc /LSE: DXSP /ISIN: GB00B2Q6HZ92