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Issue of Equity

28th Jan 2013 17:08

RNS Number : 5345W
ServicePower Technologies PLC
28 January 2013
 



28 January 2013

 

ServicePower Technologies Plc

("ServicePower" or the "Company")

 

Issue of Equity

 

ServicePower Technologies Plc (AIM: SVR), a market leader in outsourced services and field management, today announces that further to the announcement on 24 January 2013 regarding the acquisition of Stratix Corporation's Software Division and its Field Service Mobile software ("the Acquisition"), 10,504,025 new ordinary shares of 1 penny each in the share capital of the Company have been issued and allotted ("New Ordinary Shares") as consideration for the Acquisition.



Application has been made for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to take place at 8.00 a.m. on 30 January 2013. Following Admission, the Company will have 200,030,324 ordinary shares of 1 penny each ("Ordinary Shares") in issue. There are no shares held in treasury.

 

For further information, please contact:

 

ServicePower Technologies Plc

FinnCap

Newgate Threadneedle

Tel: 0161 476 2277

Tel: 0207 220 0500

Tel: 0207 653 9850

Mark Duffin, Chief Executive Officer

Marc Young

Caroline Evans-Jones

Marne Martin, Chief Financial Officer

Charlotte Stranner

Fiona Conroy

 

About ServicePower

 

ServicePower Technologies Plc is the only company that can provide a complete, global field management platform that controls all elements of the service lifecycle from offering an appointment, assigning resource and dispatching work through to tracking resources, processing claims and providing business intelligence and analytical reports. With advanced intelligence-based scheduling, dispatch and open market auction software, as well as access to a global network of 86,000 repair and installation technicians, we enable companies to control and schedule work using a mixed resource pool of employees and independent contractors. ServicePower provides solutions that cross all industries. Current customers include Assurant Solutions, Mitsubishi, Farmers Insurance, and Pitney Bowes.

 

ServicePower is listed on the AIM market of the London Stock Exchange with the ticker SVR.L.

 

For more information please visit www.servicepower.com

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