IDOX PLC
21 January 2005
For immediate release
21 January 2005
IDOX PLC ('the Company')
Additional Listing
The Company announces that pursuant to the agreement with the vendors of TFPL
Limited ('TFPL'), as outlined in the announcement of 10 May 2004, the first
tranche of earn out consideration has become payable to the vendors in respect
of the acquisition.
This earn out consideration, which has been calculated on TFPL's gross profits
from 1 May 2004 until 31 October 2004, justified the maximum earn out
consideration under the acquisition agreement and will be payable through the
issue of 5,194,805 new ordinary shares of 1 pence each in the Company ('New
Ordinary Shares') on the basis of a price of 11.55 pence per share.
Application will be made for the admission of 5,194,805 New Ordinary Shares to
trading on the AIM market of the London Stock Exchange. The New Ordinary Shares
will rank pari passu with all existing ordinary shares in the Company. It is
expected that admission will become effective and that dealings in the New
Ordinary Shares will commence on 27 January 2005.
For further information please contact:
Andrew Fraser, Chief Executive, IDOX plc Tel: 020 7954 3800
John McNicol, Company Secretary, IDOX plc Tel: 0141 574 1935
Alasdair Robinson, Noble & Company Limited Tel: 0131 225 9677
This information is provided by RNS
The company news service from the London Stock Exchange
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