Issue of Equity

RNS Number : 7330D

MobilityOne Limited

08 December 2009

 



08 December 2009

 MobilityOne Limited

("MobilityOne" or the "Company")

Issue of Equity

MobilityOne (AIM:MBO), an e-commerce infrastructure payment solutions and platform provider in Malaysia and Indonesia, announces that it has raised £365,000 (before expenses) through the placing of 14,600,000 new ordinary shares of 2.5 pence each in the Company (the "Placing Shares") at a price of 2.5p per share (the "Placing"). The Placing Shares have been placed with new investors. The Placing Shares will represent approximately 15.6% of the enlarged issued share capital of the Company. The funds raised under the Placing will be used for general working capital purposes.

The Placing Shares will rank in full for all dividends or other distributions hereafter declared, made or paid on the ordinary share capital of the Company and will rank pari passu in all other respects with all other ordinary shares in issue.

Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM and it is expected that the Placing Shares will be admitted to trading and dealings will commence on 14 December 2009.

The total number of ordinary shares in issue following admission of the Placing Shares will be 93,574,951. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, MobilityOne Limited under the FSA's Disclosure and Transparency Rules.

For further information please contact:

MobilityOne Limited
Dato' Hussain A. Rahman, CEO	Tel:  [phone]
[e-mail]	www.mobilityone.com.my
Allenby Capital Limited	Tel:  [phone]
Nick Athanas/James Reeve
Threadneedle Communications	Tel:  [phone]
Graham Herring/Josh Royston

 

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