Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Issue of Shares

16th Aug 2010 15:09

RNS Number : 1435R
Tangent Communications PLC
16 August 2010
 



Tangent Communications plc ("Tangent")

 

Issue of Equity and Director's dealing

 

Tangent has today made application for a total of 4,158,333 ordinary shares of 1p each ("New Shares") to be admitted to trading on AIM. The shares have been issued under the terms of the agreement, completed on 11 July 2006, to acquire the marketing technology company C360 UK Limited ("C360"), this represents the final payment due in respect of that acquisition.

 

Admission of the New Shares to trading on AIM is expected to become effective at 8.00am on 20 August 2010 (the "Admission").

 

On Admission of the New Shares, the total number of shares in Tangent will be 174,691,835. The Company holds no shares in treasury. Therefore, the total number of voting rights in the Company is 174,691,835. 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. Holdings in Tangent

 

In addition, Tangent has received today notification that, subsequent to allotment of the New Shares, the beneficial interests of Nicholas Gillett and Greg Jackson on Admission in the issued share capital of Tangent will be as follows:

 

 

Shareholder

New Shares allotted

Shares held following Admission

Percentage of voting rights following Admission

Nicholas Gillett

1,715,312

12,031,250

6.9%

Greg Jackson (Executive Director)

1,715,312

12,031,250

6.9%

 

 

Enquiries to:

Tangent Communications plc

020 7462 6100

Timothy Green

Collins Stewart Europe Limited

020 7523 8350

Adrian Hadden / Stewart Wallace

 

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

Related Shares:

TNG.L
FTSE 100 Latest
Value7,964.18
Change50.93