Manpower Software PLC
15 May 2002
15 May 2002
Manpower Software plc
("Manpower" or the "Company")
Result of EGM and Open Offer
Manpower announces that at the EGM held today at 11.00am the special resolution
to approve the placing and the open offer to raise approximately £2.64 million
(before expenses) and to increase the authorised share capital of the Company
from £2m to £3.25m was duly passed.
The open offer closed at 3.00pm on 10 May 2002. Valid applications were
received in respect of 11,038,455 ordinary shares of 5p each ("Ordinary Shares")
representing 61.54 per cent. of the Ordinary Shares offered to shareholders on
the register on 10 April 2002. Consequently Herald GP Limited, the underwriters
of the entire issue, will subscribe for 2,391,626 Ordinary Shares under the firm
placing and 6,898,742 Ordinary Shares under the open offer, all at 13p. This
combined holding of 9,290,368 Ordinary Shares represents 21.0 per cent. of the
enlarged share capital of the Company.
The 44,245,086 Ordinary Shares (as enlarged by the placing and the open offer)
and the 2,386,690 warrants to subscribe for Ordinary Shares shall cease to be
listed on the Official List at the close of business today and are due to begin
trading on AIM at 8.00 am tomorrow, 16 May 2002.
Enquiries:
Manpower Software plc
Robert Drummond, Managing Director 020 7389 9500
Strand Partners Limited
Rory Murphy, Director 020 7409 3494
END
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