6th Sep 2006 11:20
6 September 2006 themutual.net plc Additional Listing themutual.net plc ("the Company") announces that, following the allocation of15,250,666 Units to members and the subsequent conversion of these Units intoNew Ordinary Shares, it has allotted 40,282 new Ordinary Shares of 0.01p each("New Ordinary Shares").Application has been made for the New Ordinary Shares, which will rank paripassu with existing Ordinary Shares, to be admitted to trading on AIM, andadmission is expected to become effective on 11 September 2006.The Company also announces that this is the final conversion of Units toshares. Since October 2004 themutual.net shopping portal has been offeringmembers the choice of redeeming Units for shares or cash but from 1st September2006 the Company will only be redeeming Units for cash. Mark Smith, CEO said: "We are grateful to our many members who have beenrewarded in shares over the years but the administrative cost of maintainingthese rewards is set to become prohibitive. Since 2003 we have rewarded membersof MutualPoints.com, our larger rewarded shopping portal, in cash and sinceintroducing cash to themutual.net members it has steadily become theirpreferred option."Enquiries:Peter CoveneyFinancial Directorthemutual.net plc 020 7440 9312ENDENDthemutual.net PLCRelated Shares:
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