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Issue of Equity

14th Nov 2012 15:49

RNS Number : 1473R
Tangent Communications PLC
14 November 2012
 



Tangent Communications plc

("Tangent" or the "Company")

Issue of Equity

Tangent has today made an application for a total of 2,367,868 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 2011 to 31st August 2012, 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 20 November 2012 (the "Admission").

On Admission, the total number of Ordinary Shares in the Company will be 278,812,981.

The Company holds no shares in treasury. Therefore, the total number of voting rights in the Company will be 278,812,981. 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.

For further information please contact:

Tangent Communication PLCTimothy Green 020 7462 6100

Canaccord Genuity LimitedBruce Garrow 020 7523 8350

 

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