Coms PLC
18 May 2007
COMS plc
Admission of new Ordinary Shares
Coms plc (the "Company" or "Coms") has today issued 13,333,333 new ordinary
shares of 0.1p each ("Consideration Shares") in relation to the acquisition of
VCOMMS UK Limited, which was announced on 1 May 2007. The Consideration Shares
will rank pari passu with the existing Ordinary Shares.
The Consideration Shares will represent approximately 1.5 percent of the
Company's enlarged issued share capital. Application will be made for the
Consideration Shares to be admitted to trading on AIM and dealings in the
Consideration Shares are expected to commence on 23 May 2007.
Date: 18 May 2007
Contact:
Coms plc
Richard Bennett, Corporate Development Officer
Tel: +44 (0)20 7148 3600
HB Corporate
Rod Venables, Director Corporate Finance
Tel: +44 (0)20 7510 8600
Notes to Editors:
About Coms plc
Coms was founded by Jason Drummond in 2000 with the vision of using the Internet
to carry and deliver voice telephone calls. Unlike Skype, Coms is based upon the
industry standard SIP protocol which enables the widest possible connection of
customers, devices and integrated Web 2.0 applications. Coms subscribers can
make high quality calls over the internet wherever a high-speed internet
connection is available including in wireless hotspots. Coms subscribers can
also select their own free telephone number. Ofcom has allocated Coms 2 million
numbers in the top 178 UK geographic area codes by population which Coms
subscribers can choose from. In addition, Coms can transfer a company's existing
telephone number to their service. Subscription is available in a range of
packages from the Company's website www.coms.com.
As well as the obvious cost saving implications for businesses and consumers,
the expanding market will enable Coms to develop and offer innovative new
convergent services such as video calling, IP Centrex, location independence and
online presence. It is these new innovative features, alongside the cost saving
benefits that are likely to encourage customers away from traditional PSTN
systems and combine their broadband service and voice calling system.
Coms launched its consumer service in October 2006, and recently acquired
ExchangeXT, a leading provider of business VoIP services, to enable Coms to
enter the SME market.
Coms is an Ofcom authorised Public Electronic Communications Network (PECN) and
a member of the Internet Telephony Service Providers Association (ITSPA).
Coms plc joined the AIM market of the London Stock Exchange on 6 September 2006
(AIM:COMS).
This information is provided by RNS
The company news service from the London Stock Exchange
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