Major Contract Win With Bristol Airport
20/12/2007
Placing and Directorship Change
Eruma plc, the AIM listed specialist provider of counter terrorism and burglary protection products and emergency lighting, has raised £500,000 through the issue of 7,142,857 new ordinary shares at 7p with self-managed investment trust Majedie Investments plc. The proceeds of the placing will be used for general working capital purposes as the Company steps up activity levels in the counter terrorism market following the successful trial of its Security Blind product with a 1000 pound bomb. The Company also announces that Nigel Young, Finance Director, will be stepping down in the New Year, as he is emigrating to Qatar. The Company is actively looking for a suitable replacement and hopes to make an announcement in the near future. Eruma CEO Wayne Money said, “We are pleased with the progress the Company has made in 2007 and are delighted that we have been able to attract Majedie to our list of shareholders as we take the Company into its next phase of development. We have enormous worldwide market potential in both Security Blinds for burglary protection and counter terrorism as well as emergency lighting solutions and we are looking forward to the future with confidence. “The Board wishes to extend its sincere thanks to Nigel for his contribution to the Company through its initial years as an AIM listed company and wish him and his family every success as they build a new life in Qatar.” Application has been made for the admission of the New Ordinary Shares to trading on the AIM market. The New Ordinary Shares will rank pari passu with the existing ordinary shares of 1p each in the Company and dealings in the New Ordinary Shares are expected to commence on 28 December 2007. For further information please visit www.erumaplc.com or contact: Wayne Money Eruma plc Tel: 020 7566 2610 Roland Cornish Beaumont Cornish Limited Tel: 020 7628 3396 John Millers SP Angel Tel: 020 7422 4300 Victoria Thomas St Brides Media & Finance Ltd Tel: 020 7242 4477
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