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Vyke Communications (VYKE)

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Thursday 13 January, 2011

Vyke Communications

Issue of Equity

RNS Number : 3827Z
Vyke Communications PLC
13 January 2011

13 January 2011


Vyke Communications plc

("Vyke" or the "Company")


Issue of shares


Vyke Communications plc announces it has issued 12,500,000 ordinary shares of 1p each in the Company (the "New Ordinary Shares") at 2p per share, representing 6.3% of its enlarged issued share capital, in satisfaction of fees due to its Nominated Adviser, Allenby Capital Limited. 


An application has been made for the New Ordinary Shares to be admitted to trading on AIM which is expected to take effect on or around 14 January 2011.


Following the issue and allotment, the Company's issued share capital will comprise 197,568,577 ordinary shares of 1p each, which 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 change to their interest in, Vyke Communications plc under the FSA's Disclosure and Transparency Rules.  The New Ordinary Shares will rank pari passu with the existing Ordinary Shares.


As a result of the issue and allotment of the New Ordinary Shares Allenby Capital Limited holds 18,109,285 ordinary shares of 1p each representing 9.17% of the issued share capital of the Company. 




- For further information please contact: Vyke Communications plc


Vyke Communications

Mohammad Asif, Chief Executive



+44 20 3137 1560

Allenby Capital Limited

+44 20 3328 5656

Nominated Adviser

Brian Stockbridge / Alex Price

Threadneedle Communications

+44 20 7653 9850

Graham Herring / Terry Garrett



 About VYKE


Vyke Communications plc is a mobile Voice over Internet Protocol ("VoIP") provider and is headquartered in the UK.. The strategic goal of Vyke is to combine its expertise in VoIP-based communication systems, mobile data service creation/handset technology and wholesale carrier network management to provide a converged communication solution. Vyke's current set of mobile-oriented products offers up to a 98% discount compared to current typical mobile operator pricing structures.




Vyke Mobile IP is the leading mobile-oriented Voice over IP (VoIP) service offering users up to 98% discount compared to typical mobile operator pricing structures. One of the first mass market mobile VoIP services, launched in April of 2006, Vyke Mobile IP features mobile oriented sign-up steps, automatic configuration services and pricing.


About the VYKE product suite


The Vyke suite of communication products features advanced services providing users with low cost, mobile operator/fixed line provider independent ways of making voice calls and sending text messaging from the mobile phone, PC and internet.


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