Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Correction : Further re Subscription Offer

19th Feb 2010 09:15

In the announcement issued on 17 February 2010 under reference number PRNUK-1702101309-31A5 there was a typographical error. The number of Placing Shares that the Company intends to allot is 1,881,173 and not 1,811,173 as included in the fourth paragraph of that announcement.

17 February 2010 iPoint-media plc ("iPoint" or the "Company") Further re: Subscription Offer Full subscription of Subscription Offer and application for admission to trading on AIM

iPoint announces that it has received applications under the Open Offer and the Subscription Offer amounting to £1,727,000, the maximum aggregate amount that could be raised under the Open Offer and the Subscription Offer.

On 13 November 2009 iPoint announced that at 12 noon on that date the Company had received aggregate subscriptions under the Open Offer and the Subscription Offer amounting to £1,090,412.20.

As at 5pm on 15 February 2010, the final closing date of the Subscription Offer, since 12 noon on 13 November 2009, it has received additional valid applications in respect of 101.3675 Units under the Subscription Offer, amounting to £636,587.80 in total, comprising £519,001.51 of Loan Notes, 2,595,007 Placing Shares and 5,514,390 Bonus Shares. It is a term of the Subscription Offer that the Bonus Shares will not be capable of being sold, transferred or pledged to any third party for a period of one year from issue in respect of all the Bonus Shares subscribed under the Subscription Offer and for a period of a further year in respect of 50 per cent. of the Bonus Shares subscribed under the Subscription Offer.

Of the additional applications amounting to £636,587.80, £461,475.33 has been received as cleared funds and the remainder is awaiting clearance. The Company therefore intends, conditional on admission to trading on AIM, to allot 1,881,173 Placing Shares and 3,997,493 Bonus Shares and issue £376,234.66 of Loan Notes in respect of the applications for which cleared funds have been received. Application has been made for 5,878,666 Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 23 February 2010.

Defined terms used in the announcement on 26 August 2009 shall have the same meanings in this announcement.

Further enquiries:iPoint-media plc Muki Geller +972 (0) 544 450 667

Merchant John East Securities Limited David Worlidge +44 (0) 207 628 2200

Bidhi Bhoma

vendor

Related Shares:

EVRH.L
FTSE 100 Latest
Value8,275.66
Change0.00