Issue of Equity and Director's holding

RNS Number : 6564O

IS Solutions PLC

21 September 2011

 

IS Solutions Plc

("IS Solutions" or "the Company")

Director's dealing, issue of new shares and transfer of treasury shares

Further to the exercise of options by employees, the Company announces that on 21 September 2011, 41,654 ordinary shares of 2p each ("Shares") were transferred out of treasury and 144,388 new Shares were issued to the option holders. 

100,000 of these options were exercised by Peter Kear, a director of IS Solutions, 30,000 at 12p per share and 70,000 at 22.25p per share.  Following this transaction Mr Kear has an interest in 1,340,752 Shares, representing 5.4% of the Company's to be enlarged issued share capital.

Application has been made for 144,388 Shares in the Company to be admitted to trading on the AIM Market of the London Stock Exchange.  The Ordinary Shares will rank pari passu with existing ordinary shares and admission is expected to occur on 27 September 2011.

Following Admission of the new Shares and the transfer of treasury shares, the total number of Shares in issue is 24,937,578, with each Share carrying the right to one vote.  There are no longer any Shares held in treasury.  The total number of voting rights in the Company is therefore 24,937,578.  The above figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

Enquiries:
John Lythall, Managing Director	Fiona Tooley or Keith Gabriel
IS Solutions Plc	Citigate Dewe Rogerson
[phone]	Tel: [phone] Mobile: [phone] (FMT)
www.issolutions.co.uk
Ticker: AIM: ISL	Charles Cunningham/Rose Herbert - Corporate Finance Stephen Norcross - Corporate Broking
	FinnCap
	Tel: [phone]

 

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