Issue of Equity

RNS Number : 1338O

Coms PLC

17 September 2013

 

17 September 2013

Coms plc

("Coms" or the "Company")

Issue of shares

Holdings in Company

Coms plc. (AIM: COMS) announced the acquisition of Premium O Limited on 12^th June and 12 million shares being deferred dependant on £55,000 gross profit over the first 3 Months totalling £165,000.

The Company is pleased to announce that Premium O has achieved the gross profit and £357,000 in the first 3 Months from the date of acquisition has been achieved which is £192,000 over target.

Application will be made for the admission to trading on AIM of the 12,000,000 Ordinary Shares with admission expected to take place on 24 September 2013. The Company's enlarged issued ordinary share capital immediately following the issue of these shares will be 619,873,783 Ordinary Shares, The Company holds no Ordinary Shares in Treasury at this time. The figure of 619,873,783 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in interest in, the share capital of the Company under the Disclosure and Transparency Rules.

The 12 million shares will be allocated as such:

David Breith                              7,140,000

Lee Campion                            4,800,000

Suzannah Doyle                        60,000

After allocation of shares David Breith (CEO) will own 137,326,455 shares representing 22.15% shares in the company and Lee Campion will own 24,000,000 shares representing 3.87% of the company.

For further information, please contact:

Coms plc

David Breith (CEO)                                                     [phone]

Iain Ross (Chairman)

Charles Stanley Securities                                       [phone]

(Nominated Adviser and Joint Broker)

Karri Vuori / Philip Davies

SI Capital Limited                                                    [phone]

(Joint Broker)

Andy Thacker / Nick Emerson

Newgate Threadneedle                                           [phone]

(PR)

Robyn McConnachie / Graham Herring

Notes to Editors

Coms plc is listed on the London Stock Exchange (AIM market) and is a leading player in the provision of Hosted VoIP Telephony to UK businesses with over 10-years' experience in the telecoms sector. Unlike most VoIP providers, Coms does not rely on third party providers and we own and operate a UK based Carrier Class Telephony Platform.

 

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