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: firstname.lastname@example.org
Result of EGM, Placing Completed
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
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