5th Apr 2005 15:36
Spiritel PLC05 April 2005 For immediate release 5 April 2005 SPIRITEL PLC ("Spiritel" or "the Company") Placing of shares by WH Ireland Ltd Spiritel plc (AIM: STP), the telecommunications services business, is pleased toannounce that it has placed 615,384 new ordinary shares at 13p per share (the "Placing"), raising gross proceeds of approximately £80,000, equivalent to 0.45per cent of the Company's issued share capital prior to the Placing. The Placing was carried out under the Company's disapplication authority, underwhich it is allowed to raise up to 5 per cent of its share capital on a nonpre-emptive basis under section 95 of the Companies Act. Application for theplacing shares to be admitted to AIM has been made and it is expected that theplacing shares will begin trading on AIM on 11 April 2005. The placing shareswill rank pari passu with the existing ordinary shares. Following the placing the Company will have a total of 137,819,803 ordinaryshares in issue. Mark Willard, Spiritel's Chief Executive, said: "This small placing comes inresponse to an appetite for the Company's shares from investors attracted to ourbusiness model. We would like to welcome the new shareholders to the Company." ENDS For further information: Spiritel plc 01784 224201Mark Willard, Chief ExecutiveJohn Vergopoulos, Finance Director W.H. Ireland 0121 616 2101Tim Cofman Buchanan Communications 020 7466 5000Mark CourtMary-Jane Johnson Notes for Editors: About Spiritel plc Spiritel (AIM: STP) is the holding company for a growing group of companieswhose focus is telecommunications' services and products. Spiritel's initialtrading division, Expo Communications was founded in 2000, has enjoyed year onyear growth in both revenue and profitability and is one of Europe's leadingcall termination businesses. Spiritel's other divisions include SpiritelTechnologies, which offers bundled services to small and medium sizedbusinesses, and Spiritel Managed Networks, which offers managed telecomsservices to corporates including the handling of voice traffic to and fromoverseas call centres. Spiritel joined the AIM market of the London Stock Exchange in July 2004. 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