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Pastimes : Raymond L. Dirks Internet Research Tribunal Thread
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To: SEC-ond-chance who wrote (325)2/5/2004 9:51:21 AM
From: StockDung   of 544
 
Sky Capital Holdings Ltd. ("Sky Capital" or the "Company") Offer for Subscription
Wednesday February 4, 2:53 am ET

LONDON, Feb. 4 /PRNewswire/ -- The Board of Directors of Sky Capital, the London and New York based Stockbrokers, is delighted to announce that Sky Capital has received applications in excess of 20 million pounds sterling ($36 million) in response to its UK and US Offer for Subscription of Series B New Convertible Preferred Shares (the "Offer").


Sky Capital has now brought the Offer to a close.

The funds from this Offer will considerably strengthen the Company's balance sheet and allow the Company to accelerate its growth strategy in New York, London and Florida where it is building a significant presence in the financial services sector.

Ross Mandell, Chief Executive Officer, commented, "I am extremely pleased with the response that we have received throughout the duration of this Offer. Investors in both the UK and the US have demonstrated great confidence in the future growth strategy of Sky Capital with their participation in one of the largest private placements ever undertaken in the UK.

"My fellow Directors and I look forward to the continued implementation of this growth strategy and to further enhancing our offering in the international financial services industry. I am confident that this, in turn, will be reflected in the increased value of Sky Capital for its shareholders."

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Source: Sky Capital Holdings Ltd.

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