Issue of Equity
28 Gennaio 2009 - 8:00AM
UK Regulatory
TIDMINNO
Innovise Plc ("Innovise" or the "Company")
Issue of Equity and Holding in Company
Further to the announcement made by the Company 28 December 2007 in relation to
the acquisition of Abilitec Holdings Limited the board has agreed the earn out
component of the consideration with the Abilitec vendors. Consequently the
Company has issued and allotted, as fully paid 2,352,941 new ordinary shares of
1 pence at a price of 42.5 pence per share.
Subsequent to this issue of equity above, the Company's issued share capital
comprises 39,431,120 ordinary shares of 1 pence each.
Application has been made for the 2,352,941 ordinary shares to be admitted to
trading on AIM. Trading in these shares on AIM is expected to commence on or
around 2 February 2009. The new ordinary shares rank pari passu with the
existing ordinary shares.
Holding in Company
Following the issue of equity above the persons set out below have a holding in
excess of 3 per cent the Company's issued share capital:-
Name Holding Percentage holding of
issued share capital
Andy Onacko* 1,272,758 3.2%
Elaine Onacko** 1,178,448 3.0%
* Andy Onacko holds 350,000 of these shares through his SIPP
** Elaine Onacko, the spouse of Andy Onacko, holds 25,000 of these shares
through her SIPP
For further information contact:
Mike Taylor, Joint Chief Executive, Innovise plc 0870 626 0400
Tony Edwards, Finance Director, Innovise plc 0870 626 0400
Liam Murray, Dowgate Capital Advisers Ltd (Nominated Adviser) 020 7492 4777
Ruari McGirr or Mark Anwyl, St Helen's Capital plc 020 7628 5582
Ian Foster, Wordsworth Communication Ltd 07739 185050
END
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