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Ingenta PLC (PTO)

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Thursday 18 March, 2004

Ingenta PLC

EGM Statement

Ingenta PLC
18 March 2004





Date:                Immediate release, Thursday 18 March 2004



Contacts:            Ingenta                         Tel:  01865 799010
                     Martyn Rose, Chairman           Website: www.ingenta.com
                     Mark Rowse, Chief Executive
 
                     Hudson Sandler                  Tel:  020 7796 4133
                     Alistair Mackinnon-Musson       Email:  ingenta@hspr.co.uk
                     Philip Dennis



                                  Ingenta plc

                        Result of EGM, Placing Completed
                                      and
                     Increase in Directors' Share Holdings





Ingenta plc, the market leader in creating and operating specialist publication
websites for academic and professional publishers, is pleased to announce that
all of the resolutions at the EGM of the company, held today, were passed with a
majority of around 99% in favour.



The EGM was in respect of the Placing to raise approximately £3.0 million, net
of expenses, announced on 24 February 2004 and consequently the Placing has now
been completed.



As a result, the Directors have acquired a further 3.4 million ordinary shares
(representing a further 2.5% of the company's issued share capital), taking the
Board's total stake in the company to 16.8%.



Details of the changes in Directors' share holdings are as follows:


                                                  Shares acquired              Resulting holding          % now held


Martyn Rose (Chairman)                                  1,666,667                      6,302,599               4.68%
Mark Rowse (CEO)                                        1,666,667                     12,987,128               9.65%
Simon Dessain (COO)                                       104,167                        497,070               0.37%



The balance of 22.9 million shares not subscribed by the Board were placed with
existing and new institutional shareholders.



Application has been made for the new ordinary shares to be admitted to the
Alternative Investment Market ('AIM').  Admission of these shares to AIM is
expected to become effective at 8.00 am on 19 March 2004.'





                                    - ENDS -


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