19th Oct 2006 07:00
Spiritel PLC19 October 2006 For immediate release 19 October 2006 SPIRITEL PLC ("Spiritel" or "the Company") Issue of Equity Spiritel plc (AIM: STP), the telecommunications services business, announcesthat, subject to Admission, it has issued and allotted 27,000,000 new OrdinaryShares of 1p each in the Company at a price of 2.4 pence a share to IND HoldingsLimited, as part consideration for the acquisition of Networks Direct (UK)Limited announced on 16 October 2006. The new Ordinary Shares will rank pari passu with the existing Ordinary Sharesof the Company. Trading is expected to commence on AIM on 23 October 2006. Following the allotment of the new Ordinary Shares the issued share capital ofthe Company will be 219,444,758 ordinary shares. IND Holdings Limited will, following this allotment, hold in aggregate27,000,000 Ordinary Shares in Spiritel plc, representing approximately 12.3% percent of the issued share capital of the Company. For further information:Spiritel plc 020 7160 0100Alastair Mills, Chief Executive Buchanan Communications 020 7466 5000Mark CourtMary-Jane Johnson Notes for Editors: About Spiritel plc Spiritel plc (AIM: STP) is a telecommunications group that joined the AIM marketof the London Stock Exchange in July 2004. We have multiple routes to market forour products and services, which include a range of both traditional andemerging telecoms technologies. Spiritel's client base includes corporate,wholesale and retail customers served directly through our value added resellerdivision Spiritel Retail, via web portals and through independent resellers. For further information please visit www.spiritelplc.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
STP.L