DJI Holdings Plc, a licensed promoter and distributor in mainland China of sports and welfare lottery products, has issued 125,000 new ordinary shares of GBP0.10 (US$0.16) each, at an effective price of GBP0.32 per unit.
It gave the news on Tuesday in a filing to the London Stock Exchange. The company is listed there on the Alternative Investment Market (AIM), following an initial public offering (IPO) in July 2014.
The issue relates to a subscription for new shares for a total amount of GBP40,000 in February 2010 and a bonus issue, which occurred in July 2014, before the IPO.
“Application for admission to trading on AIM will be made as soon as practicable in respect of these shares,” said DJI in its latest filing.
Following the latest issue of shares, the number of ordinary shares that the company has in issue is 130,648,391, it stated. DJI’s stock closed at GBP61.50 at the end of Tuesday trading in London.
The firm said in a June filing it had significantly narrowed its basic loss per share in 2014.
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”We expect Goa to quickly become a US$1 billion market as it transitions to land-based casinos (from US$150 million today), which is still just a fraction of India’s total GGR potential of US$10 billion to US$17 billion”
Analyst at Union Gaming Securities Asia