25th Sep 2013 13:54
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
Related Shares:
ISG.L