eXpansys Plc
11 April 2007
Press Release 11 April 2007
eXpansys plc
('eXpansys' or 'the Group')
First Day of Dealings
eXpansys plc, a leading online retailer of wireless technology, today announces
the commencement of dealings of its Ordinary Shares on AIM. Cenkos Securities
plc is the Group's Nominated Adviser and Broker. The stock market EPIC is XPS.
The Group specialises in the sale of handheld electronic devices with wireless
connectivity and boasts a wide offering ranging from smartphones and ultra
mobile personal computers, to cameras and GPS equipment. Under the umbrella of
www.expansys.com, www.nomatica.com, www.portix.com and www.mobileplanet.com,
eXpansys operates some 50 websites in 12 different languages that cater to the
major economies of the world and serve both retail customers and blue-chip
corporate accounts including Microsoft, Oracle, The Metropolitan Police and Dell
Computer.
Based in Manchester, eXpansys has grown both organically and through acquisition
and has a global infrastructure that allows it to service its international
customer base through a network of warehouses in the UK, France, USA, Hong Kong
and Australia.
Placing Statistics
Placing Price 58 pence
Number of Ordinary Shares being issued pursuant to the Placing 17,241,379
Number of Ordinary Shares in issue following the Placing 40,353,907
Roger Butterworth, Chief Executive Officer of eXpansys plc, said: 'We are
pleased that the flotation has been completed successfully and are delighted
with the support from our new shareholders. The Placing will strengthen our
balance sheet and will enable us to capitalise on a variety of organic growth
opportunities. Our successful track record of integrating acquisitions places
the Group in a strong position to consolidate further this highly fragmented
industry.'
For further information, please contact:
eXpansys plc
Roger Butterworth, CEO Tel: +44 (0) 161 232 3410
roger@expansys.com
Cenkos Securities plc
Stephen Keys, Corporate Finance Tel: +44 (0) 207 397 8926
skeys@cenkos.com
Media enquiries:
Abchurch Communications
Heather Salmond / Ariane Comstive Tel: +44 (0) 20 7398 7700
heather.salmond@abchurch-group.com www.abchurch-group.com
ariane.comstive@abchurch-group.com
Photography
Photographs are available from Abchurch. To arrange to receive soft copies,
please contact Ariane Comstive on 020 7398 7705 or
ariane.comstive@abchurch-group.com
Notes to editors
eXpansys operates in the mobile and online industries and its success is
bolstered by the burgeoning demand for high-end mobile and wireless electronic
products as well as an increase in purchasing goods online. The Group
specialises in the sale of handheld electronic devices with wireless
connectivity and boasts a wide offering ranging from smartphones and ultra
mobile personal computers, to cameras and GPS equipment.
Headquartered in Manchester, with offices in the US, France, Scandinavia, Far
East and Australia, eXpansys has grown both organically and through acquisition
with a global infrastructure that shipped nearly 1.5 million products to over
250,000 customers in 125 different countries in the year to 31 October 2006.
With a strong established brand name and excellent reputation, the Company
currently operates some 50 websites in 12 different languages, transacting
business in 16 currencies and records an average of approximately 3.2 million
page hits and 400,000 separate visitors per day. Its website, www.expansys.com,
features a vibrant consumer community with online forums dedicated to technical
support and a space for comments and reviews. eXpansys was founded in 1998.
- Ends -
This information is provided by RNS
The company news service from the London Stock Exchange
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