24th Apr 2006 07:01
Clarity Commerce Solutions PLC24 April 2006 Clarity Commerce Solutions Placing of Shares Clarity Commerce Solutions ("Clarity") is pleased to announce that it hasconditionally raised £1.95 million through the placing of 3,000,000 ordinaryshares of 25 pence each (the "Placing Shares") at a price per share of 65 pencewith institutional investors. The proceeds will be used by the Company asadditional working capital and to finance the development of the Company asenlarged by the acquisition of MATRA Systems (Holdings) Limited ("MATRA Systems"), which was announced on 29 March 2006. Bridgewell Securities Limited completed that Placing on behalf of Clarity. The Placing is conditional on, inter alia, the passing of the Resolutions to beput to an Extraordinary General Meeting of the Company, which is taking place on25 April 2006. Application has been made to the London Stock Exchange for the new ordinaryshares to be admitted to Alternative Investment Market and it is expected thatadmission will take place on 26 April 2006. The new ordinary shares will rankpari passu with the existing shares of the Company. Following the allotment thetotal issued share capital of the Company will increase to 19,338,086 ordinaryshares. The Placing has only been made to persons falling within article 19 and article49 of the Financial Services and Markets Act 2000 (Financial Promotion) Order2001 and are also qualified investors for the purposes of section 86 of FSMA andno other person may now participate in the Placing or rely on any communicationrelating to it. The offer of the Placing Shares has not been made to the publicfor the purposes of the Prospectus Rules. Commenting on the Placing, Graham York, Chief Executive of Clarity, commented: "I am delighted to announce this fundraising and particularly pleased thatinstitutional investors support Clarity's acquisition of MATRA Systems, whichwill afford significant opportunities for cross-selling and add significantvalue through the addition of MATRA's customers, software and people to Clarity" 24 April 2006 Enquiries Clarity Commerce Solutions Graham York, Chief Executive 0870 44 44 234 Bridgewell Securities Limited 020 7003 3000 Greg Aldridge / Nick Lovering College Hill Adrian Duffield / Ben Way 020 7457 2020 College Hill Tel: 0207 457 2020 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Crossword Cybersecurity