5th Aug 2005 08:19
Incisive Media PLC05 August 2005 Incisive Media Plc 5 August 2005 FOR IMMEDIATE RELEASE Incisive Media Plc Incisive Media Completes Acquisition of Search Engine Strategies On 2 August 2005, Incisive Media Plc ("Incisive Media") announced that it hadagreed to acquire the business and assets of Search Engine Strategies for aconsideration of $43.0 million (approximately £24.3 million) (the"Acquisition"). The Company also announced the Vendor Placing of 8,200,000 newordinary shares of 1p (the "Placing Shares") with institutional investors at150p per ordinary share to raise £12.3 million ($21.8 million). Following the admission earlier today of the Placing Shares to trading on theofficial list of the UK Listing Authority and admission to trading on the LondonStock Exchange's main market for listed securities, Incisive Media is pleased toannounce that the Acquisition has now been completed. The enlarged share capitalis now 100,501,084 ordinary shares. Terms defined in the announcement dated 2 August 2005 have the same meaning inthis announcement, save where the context otherwise requires. Enquiries: Tim Weller Chief Executive Incisive Media Plc +44 (0) 20 7484 9970 [email protected] Anthony Payne Peregrine Communications +44 (0) 20 7484 9983 +44 (0) 7930 643 983 [email protected] Keith Anderson Investec +44 (0) 20 7597 5970Rupert Krefting Investec Investment Banking ("Investec"), a division of Investec Bank (UK)Limited which is authorised and regulated by the Financial Services Authority,is acting for Incisive Media in connection with the Vendor Placing and is notacting for any person other than Incisive Media and will not be responsible toany person other than Incisive Media for providing the protections afforded toits customers or for providing advice to any other person in connection with theVendor Placing. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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