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Issue of Equity

25th Sep 2013 13:54

RNS Number : 8871O
ISG PLC
25 September 2013
 



ISG plc

Issue of Equity

 

25 September 2013

 

Application has been made to AIM for the admission of 82,025 ordinary shares of 1p each in ISG plc (the "Company" or the "Group"), which are  being issued to Eric Goraieb to acquire the remaining minority shareholding in Realys Group Limited, the Shanghai-based design and project management company, of which the Company initially acquired 85% in April 2011. Mr. Goraieb will continue in his role as managing director of Realys Group Limited following the sale of his minority shareholding. As a result the Group now owns the entire issued share capital of Realys Group Limited.

 

The new ordinary shares will rank pari passu with the existing shares of the Company and it is expected that admission will take place on 1 October 2013. Following the allotment the total issued share capital of the Company has increased to 38,928,312.

 

 

Enquiries

 

Jared Cranney

Company Secretary

Tel: 020 7392 5339

 

Ends

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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