The Acquisition of ClearDebt Limited

Placing of 60,350,000 new Ordinary Shares at 2 pence per new Ordinary Share Issue of Carrwood Warrants Admission of the Enlarged Share Capital to trading on AIM Notice of Extraordinary General Meeting Change of name to ClearDebt Group plc

Placing of 60,350,000 new Ordinary Shares at 2 pence per new Ordinary Share Issue of Carrwood Warrants Admission of the Enlarged Share Capital to trading on AIM Notice of Extraordinary General Meeting Change of name to ClearDebt Group plc
Highlights

• acquisition of ClearDebt, a provider of IVA solutions to consumers who are
finding it difficult to pay their debts;

• placing to raise £1,207,000 (gross of transaction fees) to finance further
development;

• change of name to ClearDebt Group plc.

The full version can be downloaded here.

For further information please contact:

Paddy Blewer
College Hill
0207 457 2074
paddy.blewer@collegehill.com

Andrew Smith
ClearDebt Limited
01234 825 826
andrew.smith@cleardebt.co.uk

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