Access Intelligence PLC
24 May 2006
Access Intelligence plc (the 'Company')
The Company announces the issue and allotment of a total of 13,528,503 ordinary
shares of 0.5 pence each ('New Ordinary Shares'), which represents 17.5 per
cent. of the enlarged share capital of the Company to the vendors of Ridgeway
Technologies Limited ('Ridgeway') as deferred consideration for the acquisition
of Ridgeway.
The number of New Ordinary Shares was determined by reference to the profits of
Ridgeway for the period ended 31 December 2005 and has been calculated in
accordance with an agreement dated 1 June 2005, as referred to in the Company's
announcement on 2 June 2005, details of which were included in the Company's AIM
admission document of the same date. There is no further deferred consideration
payable in respect of this acquisition.
The Company has today made application for the New Ordinary Shares to be
admitted to trading on AIM. It is anticipated that trading in the New Ordinary
Shares will commence on 31 May 2006. Following admission the enlarged share
capital of the Company will be 77,202,215 ordinary shares of 0.5 pence each.
This information is provided by RNS
The company news service from the London Stock Exchange
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