Issue of Equity

RNS Number : 2831J

Image Scan Holdings PLC

29 March 2010

 



                                                                                                                29 March 2010

Image Scan Holdings plc

("Image Scan" or "the Company")

 ISSUE OF EQUITY

Pursuant to the authority conferred by the members of the Company at the AGM on 25th March 2010, the Board of Image Scan announces today that it has raised £111,396 via a placing of 5,569,812 new Ordinary Shares of 1p each ('Placing Shares')  to Calculus Nominees Ltd at a price of 2p per share.  The Placing Shares will rank pari passu with the existing ordinary shares in the Company.  The proceeds of the placing will be used for general working capital purposes.

Application has been made for the Placing Shares to be admitted to trading on on AIM which is expected to occur on 1 April 2010.  Following the issue of the Placing Shares, the total issued share capital of the Company will increase to 61,267,932 ordinary shares.  Each ordinary share in the Company carries one vote.  Consequently, the number of voting rights in the Company following the issue of the Placing Shares will increase to 61,267,932 and this is the figure which may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

As a result of this placing the Company has been notified that Calculus Capital Ltd has a beneficial interest in 7,380,457 shares in the Company representing 12.05 per cent. of the issued share capital.

-ENDS-

For further information, please contact:

Image Scan Holdings plc                                     Tel: [phone]

Brian Emslie, Chairman

Louise George, CEO

[e-mail]

Seymour Pierce                                                      Tel: [phone]

John Cowie

About Image Scan Holdings plc

Image Scan Holdings plc (AIM: IGE) is focused on the development and commercialisation of market leading real-time 3D and 2D x-ray solutions for use in the global security and industrial inspection markets. The Company's security portfolio includes the Axis-3d^® and Axis-2d baggage inspection systems for corporate and airport security; FlatScan-TPXi, a portable bomb and suspect package detection system; and SVXi, a small vehicle inspection system. The industrial inspection solutions include the MDXi and the DEX systems.

For further information on the Company, please visit: www.ish.co.uk - and for further information on its products, please visit: www.3dx-ray.com

 

END

 

 

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