Issue of Equity

RNS Number : 8340J

SocialGO plc

05 July 2011

 



5 July 2011

SocialGO Plc

("SocialGO" or the "Company")

Issue of Equity

SocialGO, the AIM-quoted developer and provider of software for the on-line social media sector, announces today that it has issued and allotted 149,333 new ordinary shares of 1 pence each in the Company following the exercise of options which were granted under the Company's EMI scheme. 

These new ordinary shares will rank pari passu with the existing ordinary shares and application has been made for these new ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on 11 July 2011.

Following Admission the total number of ordinary shares in issue with voting rights will be 445,344,740.

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For further information, please contact:

SocialGO plc
Dominic Wheatley, Chairman Alex Halliday, CEO	Tel: [phone]
	www.socialgoplc.com

Canaccord Genuity Limited
Mark Williams / Christopher Fincken	Tel: [phone] www.canaccordgenuity.com
First Columbus
John Nuttall / Chris Crawford / Kelly Gardiner	Tel: [phone]
	www.first-columbus.com

Pelham Bell Pottinger
Mark Antelme / Jenny Renton / Charlie Stewart	Tel: [phone] 3233894 www.pelhambellpottinger.co.uk

About SocialGO

SocialGO Plc is a developer and provider of software as a service which allows groups to build their own online social networks, SocialGO™.  SocialGO's software allows customers to quickly and easily create, manage and control their own private social network and provides the members of these networks with the ability to communicate and share with like minded people in a controlled and secure environment.  SocialGO derives its revenues from subscription premiums paid by network owners and from selling value added services which allows network owners to maximise the social networking experience and the revenues that can derive from creating and managing a social network.  SocialGO is part of the burgeoning Silicon Roundabout in London, UK.

www.sgv2.com

 

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