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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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