Additional Listing

RNS Number : 0123S

Lo-Q PLC

11 May 2009

 



Additional Listing

Lo-Q plc (the 'Company')

The Company announces that it has issued 310,000 ordinary shares of 1p each in the Company. 

185,000 of the ordinary shares were issued pursuant to the Company being notified on 7 May 2009 of the exercise of options by Stephen Drake, Chief Operating Officer of the Company, on that day. 100,000 of the options were exercised at 3.5p per share, 50,000 of the options were exercised at 6p per share and 35,000 of the options were exercised at 9.25p per share. Mr Drake's resultant share interest comprises 419,384 shares, representing approximately 2.68 per cent. of the Company's issued share capital. 

125,000 of the ordinary shares were issued as part of the consideration for the acquisition of Text-Q, announced on 14 November 2007. 

Application has been made to the London Stock Exchange for these shares to be admitted to trading on AIM, which is expected to take place on 14 May 2009.

Following admission, the Company will have 15,631,101 voting ordinary shares in issue.

Contact:

Jeffrey McManus	[phone]
Non-Executive Chairman
John Prior / Ed Burbidge	[phone]
Arbuthnot Securities Limited

 

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