Clarity Commerce Solutions PLC
6 November 2001
Clarity Commerce Solutions Plc
Rights Issue
On 15 October 2001 the Company announced a Rights Issue of 3,434,904 new
ordinary shares and the acquisition of the whole of the issued share capital
of Flex Systems Limited.
The Company now announces that at 3.00pm on 5 November 2001, being the last
time and date for acceptance under the Rights Issue, acceptances had been
received in respect of 613,013 new ordinary shares being 37.77 per cent. of
the 1,623,147 new ordinary shares that had been sub-underwritten. The balance
of 1,811,757 new ordinary shares were placed firm under the terms of the
Rights Issue.
The 1,010,134 new ordinary shares not taken up under the Rights Issue
(representing 62.23 per cent. of the sub-underwritten shares) have been
subscribed by the sub-underwriters at 75p per share.
The new ordinary shares issued under the Rights Issue commenced trading fully
paid with effect from the commencement of business today.
Following completion of the Rights Issue the directors of the Company will
have the following interests in the issued share capital of the Company:
Director Number of shares Percentage of issued share capital
G York 3,483,051 25.01
A L R Morton
Beneficial 666,667 4.79
Non-beneficial* 1,343,331 9.65
D F J Shearmon 155,951 1.12
* The beneficial holder of these shares is Southwind Limited, an
investment company wholly owned by a trust established by A L R Morton
for the benefit of his children.
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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.
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