365 Corporation PLC
12 February 2002
12 February 2002: 365 Corporation PLC: Issue of Equity
365 Corporation plc have issued 1,917,202 Ordinary Shares of 0.25p each as
follows:
A target performance level having been attained by the Vendors pursuant to the
Sale and Purchase Agreement for the acquisition of G Telecommunications Limited
dated 19 April 2000, additional consideration in the form of the allotment of
777,202 Ordinary Shares of 0.25p each ranking pari passu with the existing
issued shares in the capital of the Company was made to the Vendors.
Pursuant to the completion of the Sale and Purchase Agreement for the
acquisition of Systematic Telecoms Limited dated 4 October 2000, additional
consideration in the form of the allotment of 500,000 Ordinary Shares of 0.25p
each ranking pari passu with the existing issued shares in the capital of the
Company was made to the Vendors.
Pursuant to a resolution of the members at an Extraordinary General Meeting
dated 14 January 1998, options over 640,000 Ordinary shares of 0.25p each have
been exercised. The Shares rank pari passu with the existing issued shares of
the Company.
Accordingly, application has been made to the UK Listing Authority for these
shares to be admitted to the Official List and for these shares to be admitted
to trading on the London Stock Exchange.
Copies of this announcement are available from the Registered Office of the
Company for the period of 14 days from the date of this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
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