29th Sep 2006 07:06
Spiritel PLC29 September 2006 For immediate release 29 September 2006 SPIRITEL PLC ("Spiritel" or "the Company") Issue of Equity Spiritel plc (AIM: STP), the telecommunications services business, is pleased toannounce that it has issued 12,500,000 new ordinary shares of 1p each in theCompany at a price of 2.0p a share to New Star, raising net proceeds of £250,000for the Company. It is expected that these new shares will be admitted to trading on AIM on 4October 2006. Following admission the Company's enlarged ordinary share capitalwill be 192,444,758 shares, of which New Star will hold 6.5 per cent. Alastair Mills, Spiritel's Chief Executive, said: "I am delighted to welcome aninstitutional investor of the calibre of New Star to our shareholder register.The funds raised will be used for the ongoing development of Spiritel, allowingthe Company to accelerate its strategy for gaining a direct relationship withthe end users of our products and services." For further information: Spiritel plc 020 7160 0100 Alastair Mills, Chief Executive Buchanan Communications 020 7466 5000 Mark Court Mary-Jane Johnson Notes for Editors: About Spiritel plc Spiritel plc (AIM: STP) is a telecommunications services and products companythat joined the AIM market of the London Stock Exchange in July 2004. Itsservices include call termination and in addition it has developed a suite ofleading-edge VoIP products, positioning the Company to benefit from themigration from traditional telephony to VoIP services. 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