Issue of Equity

RNS Number : 9787J

Sopheon PLC

15 September 2016

 

For immediate release

 

SOPHEON PLC

("Sopheon" or the "Company")

ISSUE OF EQUITY

Sopheon, the international provider of software, expertise, and best practices for Enterprise Innovation Management, announces today that it has issued and allotted 2,875 ordinary shares of 20 pence each in the capital of the Company ("Ordinary Shares") in connection with the exercise of share options by an employee, and a further 13,071 Ordinary Shares in connection with the conversion of £10,000 of convertible unsecured loan stock.

Application has been made for the total of 15,946 new Ordinary Shares to be admitted to trading on AIM, and dealings are expected to commence on 21 September 2016. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.

The total number of Ordinary Shares in issue following Admission will be 7,302,196. The Company does not hold any shares in treasury. Accordingly, the figure of 7,302,196 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 the Company under the FCA's Disclosure and Transparency Rules.

For further information contact:

Barry Mence, Chairman Arif Karimjee, CFO	Sopheon plc	+ 44 (0) 1276 919 560
Ed Frisby / Carl Holmes (corporate finance) Mia Gardener (corporate broking)	finnCap	+ 44 (0) 20 7220 0500

About Sopheon. Sopheon (LSE: SPE) partners with customers to provide complete enterprise innovation management solutions including software, expertise, and best practices, that enable them to achieve exceptional long-term revenue growth and profitability. Sopheon's Accolade solution provides unique, fully-integrated coverage for the entire innovation management and new product development lifecycle, including strategic innovation planning, roadmapping, idea and concept development, process and project management, portfolio management and resource planning. Sopheon's solutions have been implemented by over 200 customers with over 60,000 users in over 50 countries. Sopheon is listed on AIM, operated by the London Stock Exchange. For more information, please visit www.sopheon.com.

 

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