Admission

31st Jul 2006 08:56

Imperial Innovations Group plc31 July 2006 For Immediate Release 31 July 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO ORFROM THE UNITED STATES, CANADA, AUSTRALIA, REPUBLIC OF IRELAND OR JAPAN OR ANYOTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANTLAWS OF SUCH JURISDICTION. This announcement does not constitute an offer orinvitation to purchase or subscribe for any securities. Imperial Innovations Group plc Admission and start of unconditional dealings on AIM Imperial Innovations Group plc (the "Company"), which is the holding company ofImperial Innovations Limited, one of the leading technology commercialisationcompanies in the UK, today announces the admission of its ordinary shares of 3 1/33 pence each ("Ordinary Shares") to the AIM Market of London Stock Exchangeplc ("AIM") and the commencement of unconditional dealings ("Admission"). The Company has raised gross proceeds of £25 million through the issue of6,849,315 Ordinary Shares to institutional and certain other investors at aprice of 365 pence (the "Offer Price") per Ordinary Share (the "Placing"). Anadditional 269,285 Ordinary Shares have been issued by the Company to the publicat the Offer Price (the "Public Offer") to raise additional gross proceeds of£982,890. At Admission, the Company has 49,522,205 Ordinary Shares in issue giving theCompany a market capitalisation, based on the Offer Price, of approximately£180.8 million. The Ordinary Shares will trade on AIM under the ticker, "IVO". JPMorgan Cazenove Limited ("JPMorgan Cazenove") is nominated advisor and brokerto the Company. Enquiries: Imperial Innovations Group plcMartin Knight (Chairman) +44 (0)20 7594 1403Susan Searle (Chief Executive Officer) +44 (0)20 7594 6644 M:Communications +44 (0)20 7153 1547Patrick d'Ancona JPMorgan Cazenove +44 (0)20 7588 2828Michael Wentworth-Stanley Imperial College London (Press Office) +44 (0)20 7594 6701Abigail Smith The contents of this announcement, which have been prepared by and are the soleresponsibility of the Company, have been approved solely for the purposes ofsection 21(2)(b) of the Financial Services and Markets Act 2000 by JPMorganCazenove of 20 Moorgate, London EC2R 6DA. JPMorgan Cazenove, which is authorised and regulated in the United Kingdom bythe Financial Services Authority, is acting exclusively for the Company and noone else in connection with the Placing, the Public Offer and Admission and willnot be responsible to anyone other than the Company for providing theprotections afforded to clients of JPMorgan Cazenove or for providing advice inrelation to the Placing, the Public Offer and Admission or any other mattersreferred to in this announcement. This announcement may not be distributed, directly or indirectly, in or into orfrom the United States, Canada, Australia, Republic of Ireland or Japan. Thisannouncement does not constitute or form part of an offer to sell or issue, orany solicitation of an offer to buy or subscribe for, any securities referred toherein in the United States or in any other jurisdiction. The Placing and thePublic Offer and the distribution of this announcement and other information inconnection with the Placing and the Public Offer in certain jurisdictions may berestricted by law and persons into whose possession any document or otherinformation referred to herein comes should inform themselves about and observeany such restriction. Any failure to comply with these restrictions mayconstitute a violation of the securities laws of any such jurisdiction. The securities mentioned herein have not been, and will not be, registered underthe U.S. Securities Act of 1933 (the "Securities Act"), and may not be offeredor sold in the United States (as such term is defined in Regulation S under theSecurities Act) unless they are registered under the Securities Act or pursuantto an exemption from registration. The price and value of securities may go down as well as up. Persons needingadvice should contact a professional adviser. Information in this announcement or any of the documents relating to the Placingand the Public Offer cannot be relied upon as a guide to future performance. This information is provided by RNS The company news service from the London Stock Exchange

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Imperial Innovations Group