Issue of Equity and Total Voting Rights

RNS Number : 2931W

IS Solutions PLC

18 August 2015

 

IS Solutions Plc

("IS Solutions" or the "Company")

Issue of Equity and Total Voting Rights

Further to the Circular published on 24 December 2014, in relation to the acquisition of Speed-Trap Holdings Limited, IS Solutions (Ticker: AIM: ISL) has now partially released Consideration Shares to be issued and allotted under the Claims Retention Fund. This has resulted in the issue of 1,161,442 ordinary shares of 2 pence each in the Company ("Ordinary Shares") in accordance with the terms of the SPA.

The final balance of Consideration Shares to be released under the Claims Retention Fund (the Second Retention Fund) is expected to be issued by 31 August 2016, also in accordance with the terms of the SPA.

Application will shortly be made to the London Stock Exchange for 1,161,442 Consideration Shares to be admitted to trading on AIM. It is expected that Admission will become effective at 8:00 a.m. on 24 August 2015. On Admission, the Enlarged Share Capital will be 36,583,020 Ordinary Shares, including 95,666 Ordinary Shares held in treasury. Consequently, the total voting rights of the Company will be 36,487,354.

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] email:  [e-mail] or follow us: www.linkedin.com/company/issolutions FinnCap  (Nominated Broker & Adviser) Ed Frisby/Emily Watts - Corporate Finance or Stephen Norcross - Corporate Broking Tel: [phone] TooleyStreet Communications (IR & media relations) Fiona Tooley Tel: [phone] email: [e-mail]

 

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