30th Jan 2006 07:01
IDOX PLC30 January 2006 For immediate release 30 January 2006 IDOX PLC ("the Company") Additional Listing The Company announces that pursuant to the agreement with the vendors of TFPLLimited ("TFPL"), as outlined in the announcement of 10 May 2004, the secondtranche of earn out consideration has become payable to the vendors in respectof the acquisition. This earn out consideration, which has been calculated on TFPL's gross profitsfrom 1 November 2004 until 31 October 2005, justified the payment of £900,000under the acquisition agreement and will be payable through the issue of8,017,817 new ordinary shares of 1 pence each in the Company ("New OrdinaryShares") on the basis of a price of 11.225 pence per share. Application has been made for the admission of 8,017,817 New Ordinary Shares totrading on the AIM market of the London Stock Exchange. The New Ordinary Shareswill rank pari passu with all existing ordinary shares in the Company. It isexpected that admission will become effective and that dealings in the NewOrdinary Shares will commence on 1 February 2006. For further information please contact: Andrew Fraser, Chief Executive, IDOX plc Tel: 020 7954 3800 Alasdair Robinson, Noble & Company Limited Tel: 0131 225 9677 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Idox Group