Regulatory News Item
Mar 31, 2011

Placing and proposed investing policy

Viridas plc (the "Company" or "Viridas") is pleased to announce that it has entered into an agreement with Rivington Street Corporate Finance to raise £750,000 through a placing (the "Placing") of zerocoupon, unsecured convertible loan notes (the "Loan Notes"), with a range of institutional and other investors. It is intended that these funds will constitute a major part of a proposed significant repositioning of the Company.

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