20th Feb 2009 10:41
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Date: |
Immediate release, Friday 20 February 2009 |
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Contact: |
Chris Havemann (Chief Executive Officer) |
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Nathan Runnicles (Chief Financial Officer) |
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Research Now |
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Tel: +44 (0)20 7921 2400 |
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Corporate Website: www.researchnow.co.uk |
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Alistair Mackinnon-Musson |
Mark Williams |
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Nathan Field |
Henry Fitzgerald-O'Connor |
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Hudson Sandler |
Canaccord Adams |
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Tel: +44 (0)20 7796 4133 |
Tel: + 44 (0)20 7050 6500 |
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Email: [email protected] |
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Research Now plc
Exercise of Options
Research Now plc (the "Company" or "Research Now") today announces that 30,000 ordinary shares of 2 pence each in the capital of the Company ('New Ordinary Shares') have been issued and allotted following the exercise of options under the Company's Unapproved Share Option plan. The 30,000 options were exercised on 19 February 2008 at a price of £2.24 per share. Application has been made for the New Ordinary Shares to be admitted to trading on AIM. The New Ordinary Shares will rank pari passu with existing ordinary shares and it is expected that admission will be on 26 February 2009. Following admission of the New Ordinary Shares, the total issued share capital of the Company will be 18,596,491 ordinary shares.
The Company does not hold any ordinary shares in Treasury. Therefore, the total number of voting rights in Research Now is 18,596,491.
Notifiable Holdings
The Company also announces that it has received notification that as a result of the further issues of equity made by the Company today and on 16 February 2009, Schroders plc's holding of 2,531,937 ordinary shares now represents approximately 13.62% of the issued share capital of the Company.
- ENDS -
Related Shares:
Schroders