Issue of Equity and Directors Dealing
04 Junio 2008 - 1:01AM
UK Regulatory
Innovise Plc (the "Company" or "Innovise")
Issue of equity - deferred consideration and directors dealing
Issue of Equity
Further to the announcement made by the Company on 29 June 2007 in relation to
the acquisition of Data Technology Group Limited , the Board confirm s that the
total deferred consideration payable to the vendors of Data Technology Group
Limited amounts to �1,769,312. Consequently, the Company has issued and
allotted 5,897,706 new ordinary shares of 1 pence each in the Company at a
price of 30 pence per share.
Application has been made to the London Stock Exchange for the new ordinary
shares to be admitted to trading on AIM. Admission is expected to occur on or
around 9 June 2008. The new ordinary shares will rank pari passu with existing
ordinary shares.
Subsequent to the issue of shares detailed above , the so enlarged issued share
capital of the Company will comprise 26,703,179 ordinary shares of 1 pence
each.
Directors Dealing
Following the issue of equity above , Mr Gus Machado has a beneficial interest
over 9,085,721* ordinary shares in the Company, representing approximately 34.0
per cent of the Company's issued share capital.
*2,406,773 ordinary shares included in Mr Machado's beneficial holding are held
by his spouse.
End
For further information contact:
Mike Taylor, Joint CEO Innovise 0870 626 0400
Tony Edwards, Finance Director Innovise 0870 626 0400
Liam Murray, Nominated Adviser Dowgate Capital Advisers 020 7492 4777
Ruari McGirr or Mark Anwyl, St Helen's Capital 020 7628 5582
Broker
Ian Foster, Shareholder Wordsworth Communication 07739 185 050
Relations
END
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