12th Jul 2007 09:44
Acta S.p.A.12 July 2007 12 July 2007 Acta S.p.A. ("Acta" or "the Company") Under the terms of the subscription agreement with Sumitomo Corporation,announced earlier today, Acta agreed to make only 1 million ordinary shares ofEUR0.006 ("Ordinary Shares") available in the institutional placing by NumisSecurities Limited. In order to satisfy excess demand for the placing, Paolo Bert (Chief Executive Officer) agreed to make 300,000 Ordinary Shares available for sale. These shareswere sold this morning at the subscription price paid by both Sumitomo Corp and institutional placees of 115p. The orderly market provisions imposed upon the directors of Acta at the time of the Company's AIM IPO were observed in full. Following the sale, Mr Bert remains interested in 17,183,022 Ordinary Shares, representing 47.7% of the Company's issued share capital. For further information, please contact: Acta S.p.A:Toby Woolrych, Chief Operating Officer Tel: +44 (0) 20 7360 4900 Smithfield Consultants:George Hudson / Will Henderson Tel: +44 (0) 20 7360 4900 Numis Securities Limited (Nominated Adviser): Tel: +44 (0) 20 7260 1000David Poutney This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ACTA.L