365 Corporation PLC
23 October 2000
365 Corporation plc have issued 1,521,531 Ordinary shares of
0.25p each as follows:
As partial consideration for the acquisition of Systematic
Telecoms Limited, 300,000 Ordinary shares of 0.25p each
ranking pari passu with the existing issued shares in the
capital of the Company were allotted to the Vendors upon
completion.
As partial consideration for the acquisition of Essential
Network Solutions Limited, 625,000 Ordinary shares of 0.25p
each ranking pari passu with the existing issued shares in the
capital of the Company were allotted to the Vendors at
completion.
As partial consideration for the acquisition of Phones Express
Limited, 537,500 Ordinary shares of 0.25p each ranking pari
passu with the existing issued shares in the capital of the
Company were allotted to the Vendors at completion.
A target performance level, having been attained by a Vendor
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
59,031 Ordinary shares of 0.25p each ranking pari passu with
the existing issued shares in the capital of the Company was
made to the Vendor.
Accordingly, application has been made to The Financial
Services Authority for these shares to be admitted to the
Official List and to the London Stock Exchange for these
shares to be admitted to trading.
Copies of this announcement are available from the office of
Cazenove & Co for the period of 2 business days from the date
hereof.
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