Exercise of Share Options

RNS Number : 5415L

Allocate Software PLC

07 May 2010

 



7 May 2010

ALLOCATE SOFTWARE PLC

("the Company")

EXERCISE OF SHARE OPTIONS

On 7 May 2010, the Company issued 587,687 ordinary shares of 5 pence each ("Ordinary Shares") following the exercise of options under the Company's Approved, Unapproved and EMI share option schemes.

Application has been made for the Ordinary Shares, which rank pari passu with all existing shares, to be admitted to trading on AIM.  Dealings in the Ordinary Shares are expected to commence on 13 May 2010.

Following the exercise of these options, the Company will have 61,185,914 Ordinary Shares in issue.

Enquiries:

Allocate Software Ian Bowles - Chief Executive Officer Chris Gale - Chief Financial Officer	Tel: [phone]
Numis Securities Nominated adviser - Michael Meade / Brent Nabbs Corporate Broking - James Black	Tel: [phone]
Hansard Communications Justine James Kirsty Corcoran	Tel: [phone]

About Allocate Software plc

Allocate Software plc is the leading workforce optimisation software applications provider for world-wide organisations with large, multi-skilled workforces.  With a blue chip client base spanning the public and private sector, its key vertical markets include: Defence, Maritime, Healthcare and Government & Education.

At the core of the business is Allocate's workforce optimisation software application, which organisations use to deploy the right people with the right skills, to the right place at the right time. 

Headquartered in London, Allocate provides services and support to its increasing international customer base through regional offices in the UK, Sweden, USA, Australia and Malaysia.

Allocate is quoted on the London Stock Exchange (AIM: ALL). For further information please visit www.allocatesoftware.com.

 

END

 

 

LISFDLFBBEFLBBZ