Issue of Equity (9912Z)
23 Marzo 2012 - 4:09PM
UK Regulatory
TIDMWGP
RNS Number : 9912Z
Worldlink Group Plc
23 March 2012
For release: 23 March 2012
REGULATORY ANNOUNCEMENT
Worldlink Group plc (WGP-L) (the "Company"), a listed company
with patented technology covering the transmission and receiving of
changing data on all mobile devices, is pleased to announce that it
has raised approximately GBP350,000, before expenses, through the
issue of 2,261,865 new ordinary shares of 1p each in the Company
("Ordinary Shares") at 15.5p per share, together with the
conversion of certain debts and obligations owed by the Company
into a further 17,155,859 new Ordinary Shares. The Company has
today registered 19,417,724 new Ordinary Shares for admission to
trading on the standard list of the London Stock Exchange. This
issue of new shares increases the Ordinary Shares admitted to
trading to 42,036,383.
These shares have been issued and allotted as follows;
1. 2,261,865 shares at an average price of 15.5 per share to
provide additional working capital of approximately GBP350,000;
2. 15,701,430 new Ordinary Shares at a price of 17 per share to
satisfy certain debts owed by the Company to present and past
employees and directors of approximately GBP2.7m;
3. 161,095 new Ordinary Shares following the conversion of the
convertible loan stock issued in April 2011 at a conversion price
of 90p; and
4. 1,293,334 new Ordinary Shares to replace shares previously
loaned to the Company by directors which were sold and the proceeds
invested in the Company.
Pursuant to the issue of new Ordinary Shares set out above, the
following directors' interest in the Company are:
Initial Shareholding New Shares New Shareholding New Shareholding %
-------------------------- ------------------------ ------------------------ -------------------
Neil Riches 2,244,727 9,647,822 11,892,549 28.3%
----------------- -------------------------- ------------------------ ------------------------ -------------------
Crispin Burdett 1,329,883 4,879,262 6,209,145 14.8%
----------------- -------------------------- ------------------------ ------------------------ -------------------
Anthony Fish 1,420 1,196,971 1,198,391 2.9%
----------------- -------------------------- ------------------------ ------------------------ -------------------
Neil Riches commented, "We are delighted to announce that we
have both raised new funds for the Company as well as convert a
significant debt of GBP2.7m. The board regard this as a significant
vote of confidence in the development of Worldlink. We have taken
the opportunity to tidy up other outstanding matters at the same
time putting ourselves on a sound footing to move forward with
several exciting opportunities that we are currently working on and
we will update shareholders in due course."
For further information please contact:
Neil Riches 01737 221 078
Managing Director
Worldlink Group Plc
Jon Belliss 020 7101 7070
XCAP Securities plc.
Broker
Mike Wort/Anna Dunphy 0207 556 1063/4
De Facto Financial
Notes to Editors
About Worldlink
Worldlink is one of the UK's leading real-time mobile
applications companies with patented technology that allows
information held on the mobile device to be updated automatically
without the need for a manual refresh. Information is delivered via
a mobile telecommunications network in real time, whilst
intelligently minimising the bandwidth required to transmit the
data. The technology is patent protected in the US and UK and is
patent pending in Europe.
Worldlink has already licensed its patents to leading
institutions in the financial and technology sectors and is
furthering this process in the UK, Europe, and the US, where
partnerships have already been put into place.
For more information about Worldlink and its businesses please
visit www.worldlink-data.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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