Exercise of Share Options

RNS Number : 9750I

Ubisense Group PLC

23 June 2011

 



23 June 2011

Ubisense Group plc

Exercise of Share Options

Ubisense Group plc ("Ubisense" or "the Company") (AIM: UBI) announces that employees share options over a total of 78,626 ordinary shares of 2 pence each ("Ordinary Shares") have been exercised and the new shares will rank pari passu with the existing shares.

Following this exercise, the total number of shares allotted and issued is 21,500,384 and the Company has made application for 78,626 new shares to be admitted to trading on AIM, with dealings expected to commence on 28 June 2011.

For further information, see the Company's website www.ubisense.net or contact one of the following:

Enquiries

Ubisense Group plc	[phone]
Richard Green, Chief Executive Officer
Gordon Campbell, Chief Financial Officer
Canaccord Genuity	[phone]
Nominated Advisor and Broker
Simon Bridges/Henry Fitzgerald-O'Connor

About Ubisense

Ubisense is a world leader in providing end to end (hardware, software and services) real-time location solutions to companies allowing them to track people and assets with a high degree of accuracy

The Group operates in two divisions: RTLS and Geospatial

The RTLS division uses Ubisense's proprietary technology to target high value manufacturing businesses which are used to track assets, such as tools, people and vehicles, in factories and other indoor environments with an accuracy that satellite based systems cannot currently achieve

Ubisense's ultra-wideband ("UWB") based RTLS is currently one of the few systems that delivers both reliable accuracy and the ability to track resources in three dimensions in real-time

The Geospatial division uses Ubisense's expertise in location solutions to deliver applications, software and other solutions primarily in the utilities and telecom sectors

The Geospatial division focuses on the detailed mapping of network assets and provides, on behalf of its customers, network management planning and design, and has particular expertise in GE Smallworld software and solutions.

 

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