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Issue of Equity

30th Sep 2011 12:35

RNS Number : 3128P
Tangent Communications PLC
30 September 2011
 

30 September 2011

 

Tangent Communications plc

("Tangent" or the "Company")

 

Issue of Equity

 

Tangent has today made an application for a total of 1,753,278 ordinary shares of 1p each in the Company ("Ordinary Shares") to be admitted to trading on AIM.

 

The new Ordinary Shares have been issued under the terms of the agreement, completed in September 2009, to acquire The DDG Network Limited together with Double D Management LLP, ("Snowball"). The shares were issued to satisfy the deferred element of the consideration in respect of the year from 1st September 2010 to 31st August 2011, as per our announcement on 17th September 2009.

 

Admission of the new Ordinary Shares to trading on AIM is expected to become effective at 8.00am on 6th October 2011 (the "Admission").

 

On Admission, the total number of Ordinary Shares in the Company will be 176,445,113.

 

The Company holds no shares in treasury. Therefore, the total number of voting rights in the Company is 176,445,113. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Services Authority's Disclosure and Transparency Rules.

 

Enquiries to:

 

Tangent Communications plc

020 7462 6100

Timothy Green, CEO

Collins Stewart Europe Limited

020 7523 8350

Matt Goode/Ileana Antypas

 

 

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