Subscription for new ordinary shares by directors

Subscription for new ordinary shares by directors

eg solutions plc ("eg" or "the Company"; LSE-AIM: EGS), the back office optimisation software company, announces that it has today issued and allotted a total of 460,000 new ordinary shares of the Company of 1p each ("Ordinary Shares") following a subscription for cash by Duncan McIntyre and John Brougham, in each case at a price of 50 pence per Ordinary Share, as committed to in the Company's announcement of 19 March 2014 and the Company's annual report and accounts for the year ended 31 January 2014.

Mr McIntyre, chairman of the Company, has subscribed for 400,000 new Ordinary Shares and Mr Brougham, non-executive director, has subscribed for 60,000 new Ordinary Shares. Neither Mr McIntyre nor Mr Brougham had a prior holding in the Company, and consequently Mr McIntyre and Mr Brougham are interested in 2.4 per cent. and 0.4 per cent. of the Company's issued share capital (as enlarged for the issue of these new Ordinary Shares) respectively.

Application has been made for the admission to trading on AIM of these new Ordinary Shares, which is expected to be effective from 29 April 2014. The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.

Following Admission, the total issued share capital of the Company will be 16,466,239 Ordinary Shares. The Company holds no Ordinary Shares in treasury. The above figure of 16,466,239 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 FCA's Disclosure and Transparency Rules.

The Company intends, in due course, to implement a matching scheme in respect of these new Ordinary Shares on the same or similar terms as the Company's 2014 Long-Term Incentive Plan, as set out in the Company's annual report and accounts for the year ended 31 January 2014.

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About eg solutions plc

eg solutions plc is a global back office optimisation software company. Our software provides historic, real-time and predictive Operational MI. When implemented with our training programme for managers and team leaders to use this intelligence, we guarantee improvements in operational results in short timescales.

The Company, which is listed on the Alternative Investment Market ('AIM') of the London Stock Exchange, is committed to customer satisfaction and the ongoing development of its operations management solutions.