Issue of Equity

RNS Number : 5337A

AEC Education plc

09 October 2009

 



AEC Education plc

("AEC" or the "Company")

Issue of equity

The Company is pleased to announce that AEC Bilingual Pte Ltd (formerly known as AASM School of Management Pte Ltd) has achieved the profit targets that were set at the time of the acquisition by AEC of 51% of the shares in the company, in June 2007. AEC has therefore issued a further 498,946 new ordinary shares of 10p each in the Company ("Ordinary Shares") to the vendors of AEC Bilingual Pte Ltd, being the balance of the consideration due.  

AEC Bilingual Pte Ltd is a private education provider based in Singapore which recruits students from China for its Business Management and Logistics programme. It has operations in Shenzhen and Changchun in China which are focused on student recruitment, adult education and placement and advisory services.

Application has been made for 498,946 new Ordinary Shares to be admitted to trading on AIM and dealings are anticipated to commence on 15 October, 2009. Following this issue, the Company's total number of issued Ordinary Shares will be 43,223,781.

**End**

For further information please visit www.aeceducationplc.co.uk  or enquire to:

AEC Education plc
Liam Swords	Office: [phone]
	Mobile: [phone]
WH Ireland Limited (NOMAD & Broker)
Adrian Kirk	[phone]
Stuart Forshaw
Biddicks
Katie Tzouliadis	[phone]
Sophie Lane

 

END

 

 

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