Netcall PLC
10 February 2004
Netcall plc ('the Company')
Additional Listing
Following shareholder approval on 8 August 2002 and pursuant to an agreement
between the Company and Committed Capital Pty Ltd dated 28 April 2003, options
over a total of 8,509,840 ordinary shares of 5p each in the Company ('Ordinary
Shares') have been exercised by Committed Capital Pty Ltd at three different
exercise prices, details of which are as follows:
Number of Options exercised Exercise price (p)
2,836,614 Ordinary Shares 10p per Ordinary Share
2,836,614 Ordinary Shares 15p per Ordinary Share
2,836,614 Ordinary Shares 20p per Ordinary Share
Total 8,509,840
Accordingly, the Board of the Company has today issued and allotted 8,509,840
Ordinary Shares of 5p each ('Ordinary Shares'), subject only to admission of the
Ordinary Shares to AIM.
Application has been made to the Alternative Investment Market of the London
Stock Exchange ('AIM') for the admission to trading of these 8,509,840 Ordinary
Shares. These shares rank pari passu with the Company's existing Ordinary
Shares and dealings are expected to commence on 13 February 2004 on AIM.
Committed Capital advised the Company on 9 February 2004 that they have since
sold 8,500,000 Ordinary Shares to a UK-based institutional shareholder thereby
further strengthening the shareholder base in the Company. Following this
exercise of options and subsequent sale Committed Capital continues to be
beneficially interested in 2,000,000 Ordinary Shares held through its UK
subsidiary Committed Capital (UK) Ltd, representing 3.07 per cent. of the
Company's issued share capital.
Committed Capital has been an investor in Netcall since 8 August 2002 and
manages the Company's distribution business in the Asian, Australasian and South
American markets through its joint venture with Netcall plc, Netcall Asia
Pacific Pty Ltd.
The capital raised will help underpin the lengthy sales cycle on Netcall's
flagship call-centre product, QueueBuster. It also provides additional finance
to accelerate the marketing of QueueBuster Service, the Company's new hosted
product, charged for on a subscription basis and geared to enable smaller call
centres to take advantage of QueueBuster's benefits.
10 February 2004
ENQUIRIES:
Netcall plc (www.netcall.com) Tel: +44 (0) 1480 495 300
Ron Elder, Chairman
Henrik Bang, Chief Executive
College Hill Tel: +44 (0) 20 7457 2020
Adrian Duffield / Corinna Dorward
This information is provided by RNS
The company news service from the London Stock Exchange
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