10th Jun 2009 15:48
RNS Number : 6982T
OMG PLC
10 June 2009
OMG plc (the "Company")
Additional Listing
The Company announces that in accordance with the Asset Purchase Agreement (“Agreement”) with Mobile Video Services Inc (“MVS”), the Company has issued 603,260 ordinary shares of 0.25 pence each in the Company (“Ordinary Shares”) to MVS, to satisfy $250,000 out of a deferred consideration commitment of $637,605 (with the balance payable in cash). The deferred consideration relates to the acquisition of the trade and assets of MVS by the Company in April 2008. As required under the Agreement, the Ordinary Shares were issued at an effective price of 25.70 pence, based on the average closing price for the 10 days prior to the issue.
The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company. Application has been made for the new Ordinary Shares to be admitted to trading on the London Stock Exchange’s AIM market (“Admission”) and it is expected that Admission will become effective on 16 June 2009.
The total issued share capital of the Company following the issue of the new Ordinary Shares will consist of 65,793,426, all with equal voting rights.
10 June 2009
ENQUIRIES:
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OMG plc |
Tel +44 (0) 1865 261800 |
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Nick Bolton, CEO |
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David Deacon, CFO |
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Evolution Securities |
Tel +44 (0) 20 7071 4300 |
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Jeremy Ellis |
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Sam Plumptre |
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This information is provided by RNS
The company news service from the London Stock Exchange
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