Egdon open offer oversubscribed

Egdon's open offer for up to approximately £2.06 million at 13.5 pence per share was 1.3 times oversubscribed and valid acceptances have been received in respect of the entirety of the open offer Shares.

Qualifying shareholders who have validly applied for open offer shares will receive their full entitlement and applications under the excess entitlements facility will be scaled back in accordance with the terms of the offer.

Application will be made for 15,234,093 open offer shares to be admitted to trading on AIM and it is expected that dealings will commence at 8.00 a.m. on 29 November.