CORRECTION: Issuance and Award of Ordinary Shares
3 March 2011
SocialGO plc
("SocialGO" or the "Company")
CORRECTION: Issuance and Award of Ordinary Shares and Ordinary Share Options
The Company makes the following amendments to its announcement released at 11:00am on 28 February 2011 under RNS Number 9687B:
· The Company has issued 5,833,333 Ordinary Shares to the vendors of Get On With It Limited ("GOWIT") and trading is expected to occur on 4 March 2011, rather than 5,883,333 admitted to trading on 4 March 2012 as originally stated; and
· Pursuant to the issuance of the Ordinary Shares in connection with the Placing, to First Columbus LLC and to the vendors of GOWIT, the Company will have 445,195,407 Ordinary Shares in issue, rather than 445,245,407 as originally stated.
All other details in the announcement released at 11:00am on 28 February 2011 remain the same.
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SocialGO plc |
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Dominic Wheatley, Chairman Alex Halliday, Chief Executive Officer |
Tel: +44 (0)845 299 7289 |
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Canaccord Genuity Limited |
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Mark Williams / Christopher Fincken |
Tel: +44 (0)20 7050 6500 |
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First Columbus |
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John Nuttall / Chris Crawford / Kelly Gardiner |
Tel: +44 (0)20 3002 2070 |
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Pelham Bell Pottinger |
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Mark Antelme / Jenny Renton / Charlie Stewart |
Tel: +44 (0)20 7861 3232 |
About SocialGO
SocialGO Plc is a developer and provider of software as a service which allows groups to build their own online social networks, SocialGO™. SocialGO's software allows customers to quickly and easily create, manage and control their own private social network and provides the members of these networks with the ability to communicate and share with like minded people in a controlled and secure environment. SocialGO derives its revenues from subscription premiums paid by network owners and from selling value added services which allows network owners to maximise the social networking experience and the revenues that can derive from creating and managing a social network. SocialGO is part of the burgeoning Silicon Roundabout in London, UK.
This information is provided by RNS