Calyx Group PLC
17 March 2005
FOR IMMEDIATE RELEASE 17 March 2005
Calyx Group plc
('Calyx', the 'Group' or the 'Company')
First day of Dealings on AIM
Calyx, one of the largest single-source providers of information and
communication technology ('ICT') network solutions throughout Ireland, is
pleased to announce the commencement of trading in its shares on AIM under the
ticker symbol: CLX.L.
The Group has a broad client base to which it offers ICT network design, sales,
installation, training and support through two business divisions, voice
communications and data communications, which are sustained by customer support
and contact centre services.
Calyx also provides these services to businesses and enterprises in Northern
Ireland. The Group operates from headquarters in Dublin and regional offices in
Cork and Limerick.
At the issue price of 55 pence per share, the Company raised £7.25 million
(€10.5 million) before expenses through an institutional placing of 13,181,818
ordinary shares. On Admission and at the issue price the market capitalisation
will be approximately £21 million (€31 million).
Evolution Securities Limited is the Company's Nominated Adviser and Nominated
Broker.
Placing statistics
Placing Price 55p
Gross proceeds of the Placing £7.25 million
Estimated proceeds of the Placing to be received by the Company after expenses £6.31 million
Number of Ordinary Shares being issued pursuant to the Placing 13,181,818
Number of Ordinary Shares in issue following the Placing 38,181,813
Placing shares as a percentage of the Enlarged Issued Ordinary Share capital on Admission 34.52 per cent.
Market capitalisation of the Company following the Placing at the Placing Price £21 million
Expected timetable for admission
Admission effective and dealings in the Ordinary Shares expected to commence on AIM 17 March 2005
CREST accounts to be credited with Ordinary Shares 17 March 2005
Despatch of definitive share certificates (where applicable) 24 March 2005
For further details please contact:
Calyx Group plc
Maurice Healy, Chief Executive Tel: +353 1 886 7444
Evolution Securities Limited
Tom Price / Tim Redfern / Simon Leathers Tel: 020 7071 4300
Buchanan Communications
Tim Thompson / James Strong Tel: 020 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
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