Result of Equity Issue

Clarity Commerce Solutions PLC 6 November 2001 Clarity Commerce Solutions Plc Rights Issue On 15 October 2001 the Company announced a Rights Issue of 3,434,904 new ordinary shares and the acquisition of the whole of the issued share capital of Flex Systems Limited. The Company now announces that at 3.00pm on 5 November 2001, being the last time and date for acceptance under the Rights Issue, acceptances had been received in respect of 613,013 new ordinary shares being 37.77 per cent. of the 1,623,147 new ordinary shares that had been sub-underwritten. The balance of 1,811,757 new ordinary shares were placed firm under the terms of the Rights Issue. The 1,010,134 new ordinary shares not taken up under the Rights Issue (representing 62.23 per cent. of the sub-underwritten shares) have been subscribed by the sub-underwriters at 75p per share. The new ordinary shares issued under the Rights Issue commenced trading fully paid with effect from the commencement of business today. Following completion of the Rights Issue the directors of the Company will have the following interests in the issued share capital of the Company: Director Number of shares Percentage of issued share capital G York 3,483,051 25.01 A L R Morton Beneficial 666,667 4.79 Non-beneficial* 1,343,331 9.65 D F J Shearmon 155,951 1.12 * The beneficial holder of these shares is Southwind Limited, an investment company wholly owned by a trust established by A L R Morton for the benefit of his children.
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