ILA Ila Group

TIDMILA

RNS Number : 8602E

Ila Group Limited

13 April 2011

ILA GROUP LIMITED

(the "Company")

Issue of Shares and Holdings in Company

Further to the announcement of 16 March 2011, the Company is pleased to announce the final allotment of the contingent shares resulting from the reverse acquisition of Baylon Holdings Ltd. The company will issue 154,400,846 ordinary shares, representing approximately half of the contingent consideration shares agreed for the acquisition which took place on 5 March 2010. The shares will be admitted to trading on AIM on 19 April 2011.

Total voting rights in the Company will be 839,012,790.

The following directors have received shares in the Company as a result of this transaction:

 
    Director       Shares Received   Total Shares   Percentage Holding 
 Simon McGivern      21,130,661       74,312,883           8.86 
 James Phillips      21,130,647       74,312,830           8.86 
 

Enquiries:

Ila Group Limited 020 3 384 7134

Simon McGivern, Chief Executive Officer

Paul Gazzard, Chief Operating Officer

finnCap 020 7600 1658

Charles Cunningham/Ben Thompson - corporate finance

Joanna Weaving - corporate broking

Lothbury Financial Services 020 7868 2010

Gary Middleton

Simon Astley

This information is provided by RNS

The company news service from the London Stock Exchange

END

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