Exercise of Options

RNS Number : 9592W

Allocate Software PLC

29 November 2010

 



29 November 2010

Allocate Software plc

("Allocate" or "the Company")

Exercise of Share Options

On 29 November 2010, the Company issued 55,000 ordinary shares of 5 pence each ("Ordinary Shares") following the exercise of options under the Company's Approved and Enterprise Management Incentive share option schemes.

Application has been made for the Ordinary Shares to be admitted to AIM, with trading expected to commence on 3 December 2010 ("Admission").  Upon Admission, the shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.

After admission of these new shares, Allocate Software plc will have 62,981,843 Ordinary Shares in issue.

Enquiries:

Allocate Software Chris Gale - Chief Financial Officer	Tel: [phone]
Numis Securities Nominated adviser - Michael Meade / Richard Thomas Corporate Broking - James Black	Tel: [phone]
Hansard Communications Justine James / Kirsty Corcoran	Tel: [phone]

 

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