Issue of Equity and Total Voting Rights

RNS Number : 8602C

IS Solutions PLC

22 January 2015

 

IS Solutions Plc

("IS Solutions" or the "Company")

Issue of Equity and Total Voting Rights

Further to the announcement of 20 January 2015, IS Solutions (Ticker: AIM: ISL) has received notice of an additional exercise of options in Speed-Trap Holdings Limited, resulting in the issue of a further 14,227 IS Solutions ordinary shares of 2 pence each ("Ordinary Shares") relating to the Company's acquisition of Speed-Trap Holdings Limited.

The total number of Consideration Shares to be granted under the Acquisition Agreement will therefore be 8,948,666. Application has been made to the London Stock Exchange for 8,948,666 Consideration Shares to be admitted to trading on AIM. It is expected that Admission will become effective at 8:00 a.m. on 26 January 2015. On Admission, the Enlarged Share Capital will be 34,385,457 Ordinary Shares, including 137,452 Ordinary Shares held in treasury. Consequently, the total voting rights of the Company is 34,248,005. The above voting rights 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 FCA's Disclosure and Transparency Rules.

Capitalised but undefined terms in this announcement shall have the meaning given to them in the definitions appearing in the circular sent to shareholders on 24 December 2014.

ENQUIRIES

IS Solutions Plc John Lythall, Managing Director Tel: [phone]

FinnCap Nominated Broker & Adviser Ed Frisby/Simon Hicks - Corporate Finance Stephen Norcross - Corporate Broking Tel: [phone]

TooleyStreet Communications Ltd IR & Media Relations Fiona Tooley, Director Tel: [phone] Email:[e-mail]

Editor's Note IS Solutions is a systems integrator and value-added reseller focused on three web-related areas - portals, content/document management, with specialities in business intelligence and 'big data' analytics. Based in Sunbury-on-Thames, the Group was founded in 1985 and became a listed PLC 1997. The business currently employs 100 staff, including 18 in Chennai, India, who provide product development and support. It also has a strong blue-chip client base which includes Toyota, Toshiba as well the AA, NHS, KBC Bank, Compare The Market™, URENCO, HMRC, M&S and RBS.

Accreditation: ISO27001 E-mail: [e-mail] Website: www.issolutions.co.uk Follow us: www.linkedin.com/company/issolutions

 

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