Linmark Group (00915) said it is in discussions with potential investors in relation to a possible subscription of new shares under general mandate and is considering undertaking a corporate exercise which involves, among other things, a possible share subdivision, change of board lot size and change of company name.
If the potential subscription materialises, the resulting issue of new shares is likely to be at a discount to the current market price of the shares and would be dilutive to existing shareholders of the company.
Linmark Group had applied for the resumption of trading in shares this afternoon.
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