Next Fifteen Communications Plc
Next Fifteen Communications Group plc
26 October 2005
Additional Listing
Next Fifteen Communications Group plc ("Next Fifteen" or the "Company")
announces that 303,736 new ordinary shares of 2.5 pence each ("Ordinary Shares")
have been allotted pursuant to the acquisitions of Bite Communications Group
Limited ("Bite") and OutCast Communications (" OutCast").
Acquisition of Bite
On 19 July 2005, Next Fifteen announced an offer to buy the 19.76 per cent.
minority interest not already under its control in its subsidiary business Bite.
Further to the Company's announcement of 11 August 2005, valid acceptances have
now been received in respect of a total of 4,849,169 Bite shares, representing
19.76 per cent. of the issued share capital of Bite, and consequently the
Company now has 100 per cent. control of Bite. 167,204 Ordinary Shares have been
allotted as consideration for the outstanding shares in Bite not previously
acquired.
Acquisition of OutCast
On 21 June 2005, Next Fifteen announced the acquisition of OutCast, and that
under the terms of the acquisition, part of the consideration would be paid over
the following five years based on the performance of the company. Further to
this, 136,532 Ordinary Shares are being allotted in respect of the first
performance related payment. This is for the 6 week period from the date of
acquisition until the Company's financial year end of 31 July 2005.
Application has been made to the London Stock Exchange for the new Ordinary
Shares to be admitted to AIM and it is expected that admission will take place
on 01 November 2005.
About Next Fifteen
Next Fifteen is a holding company for a number of world leading PR and marketing
services firms. The majority of clients are in the technology industry with
twelve of the world's top twenty technology businesses being clients of the
Group; these include IBM, Apple, Microsoft, Sun Microsystems and Cisco. The
Group strategy has also evolved to pursue non-technology clients and the Group
already works with such brands as Royal Mail, More Th>n (Royal and Sun Alliance
Group), Olympus, Total and the Department for Education and Skills.
The Group is made up of five independently branded subsidiaries that operate as
autonomous businesses thus enabling them to service competing client businesses.
The Group has four broad technology PR subsidiaries: Text 100, Bite
Communications OutCast Communications and Inferno. The fifth brand, August One,
provides both B2B and Consumer services across a number of vertical market
sectors. More information can be found at: www.nextfifteen.com.
Enquiries:
Next Fifteen
Mark Sanford, Company Secretary 020 8846 0778
Bridgewell
John Craven, Director 020 7003 3000
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.