2nd May 2007 08:00
NetDimensions (Holdings) Limited02 May 2007 NetDimensions (Holdings) Limited ("NetDimensions" or the "Company") First Day of Dealings on AIM and Placing NetDimensions is pleased to announce the commencement of dealings of itsOrdinary Shares on the AIM market of the London Stock Exchange. Teather &Greenwood is the Company's Nominated Adviser and Broker. The stock market EPICis NETD. NetDimensions is also pleased to announce that it has raised £3 million (beforeexpenses) on Admission through a Placing of its Ordinary Shares. The netproceeds of approximately £2.32 million will be used to increase the sales andmarketing capability of the Company, to provide additional working capital andfor product development. Placing and Admission Statistics +---------------------------------------------------------+-------------+|Placing Price |62 pence |+---------------------------------------------------------+-------------+|Number of new Ordinary Shares being issued pursuant to |4,838,710 ||the Placing | |+---------------------------------------------------------+-------------+|Number of Ordinary Shares in issue immediately following |24,550,576 ||Admission | |+---------------------------------------------------------+-------------+|Percentage of the Company's enlarged issued share capital|19.71 per ||being placed |cent. |+---------------------------------------------------------+-------------+|Market capitalisation of the Company on Admission at the |£15.22 ||Placing Price |million |+---------------------------------------------------------+-------------+|Gross proceeds of the Placing |£3.00 million|+---------------------------------------------------------+-------------+|Net proceeds of the Placing to be received by the Company|£2.32 million|+---------------------------------------------------------+-------------+ About NetDimensions NetDimensions is a software publisher that provides companies and governmentagencies with enterprise-class learning, knowledge and performance managementrelated software and services, enabling clients to manage the delivery andadministration of employee training programmes. The Company has a diverse clientbase which currently includes: ABN AMRO, ING, HSBC, The American Stock Exchangeand Cathay Pacific. The Company's product is the Enterprise Knowledge Platform ("EKP"), a LearningManagement System ("LMS"). All three enterprise-class versions use the samesource code, enabling clients to easily upgrade from the entry level product tofull functionality, in line with the growth of their business and/or theirdesire to increase EKP use across the business. Typical customers are companiesof 1,000 or more employees with geographically dispersed workforces that requiresoftware to help: •manage training, licensing and certification programmes; •measure sales force and other client-facing workforce readiness goals; •increase workforce productivity; and •offer staff self-service career development options. Commenting on the Admission to AIM, Jay Shaw, CEO of NetDimensions, said: "We are delighted with the success of our fundraising and Admission to AIM. Themarket for our EKP product is global, and growing rapidly. The funds we haveraised on AIM will enable NetDimensions to continue the expansion of itsmarketing and sales capabilities and our new profile as an AIM-listed companywill increase our competitiveness in our core markets." Enquiries: +-------------------------------+-----------------------+---------------------+|NetDimensions |Allana Edwards |+852 2122 4500 ||www.netdimensions.com/investor | | || | | |+-------------------------------+-----------------------+---------------------+|Teather & Greenwood |Jeff Keating |+44 (0) 20 7426 9000 || |Fred Walsh | || |Simon Brown | |+-------------------------------+-----------------------+---------------------+|Cardew Group |Tim Robertson |+44 (0) 20 7930 0777 || |Shan Shan Willenbrock | || |William Scott-Gall | |+-------------------------------+-----------------------+---------------------+ This announcement is issued by NetDimensions (Holdings) Limited (the "Company")in connection with the placing of ordinary shares in the capital of the Companyand the application for admission of the whole of the ordinary share capital ofthe Company, issued and to be issued, to trading on the AIM market of LondonStock Exchange plc. This announcement should not be distributed by recipients and, in particular,should not be distributed to persons with addresses in the United States, Canada, Australia, the Republic of Ireland, Japan or South Africa or in any other country outside the United Kingdom where such distribution may lead to a breach of any law or regulatory requirement. This announcement does not constitute or form part of and should not be reliedon in connection with any offer or invitation to sell, underwrite or solicit anyother offer to purchase or subscribe shares or any other securities, nor may itor any part of it, nor the fact of its distribution, form the basis of, or berelied upon in connection with, any contract. No representation or warrantyexpress or implied is made as to the fairness, accuracy or completeness of theinformation contained herein and no reliance should be placed upon it.Application for shares in the Company may be made only on the basis of theadmission document relating to the Company which was published on 26 April 2007and the risk factors set out in that admission document. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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