Issue of Equity

RNS Number : 4338G

Sopheon PLC

26 May 2017

 

For immediate release

 

SOPHEON PLC

("Sopheon" or the "Company")

ISSUE OF EQUITY

Sopheon, the international provider of software, expertise, and best practices for Enterprise Innovation Management, announces today that it has issued and allotted 65,359 ordinary shares of 20 pence each in the capital of the Company ("Ordinary Shares") in connection with the conversion of £50,000 of convertible unsecured loan stock.

Application has been made for the total of 65,359 new Ordinary Shares to be admitted to trading on AIM, and dealings are expected to commence on 2 June 2017. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.

The total number of Ordinary Shares in issue following Admission will be 7,453,431. The Company does not hold any shares in treasury. Accordingly, the figure of 7,453,431 may be used by shareholders as the denominator for the calculations 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 FCA's Disclosure Guidance and Transparency Rules.

For further information contact:

Barry Mence, Chairman Arif Karimjee, CFO	Sopheon plc	+ 44 (0) 1276 919 560
Carl Holmes/Giles Rolls (corporate finance) Mia Gardener (corporate broking)	finnCap	+ 44 (0) 20 7220 0500

About Sopheon. Sopheon (LSE: SPE) partners with customers to provide complete enterprise innovation management solutions including software, expertise, and best practices, that enable them to achieve exceptional long-term revenue growth and profitability. Sopheon's Accolade solution provides unique, fully-integrated coverage for the entire innovation management and new product development lifecycle, including strategic innovation planning, roadmapping, idea and concept development, process and project management, portfolio management and resource planning. Sopheon's solutions have been implemented by over 200 customers with over 60,000 users in over 50 countries. Sopheon is listed on AIM, operated by the London Stock Exchange. For more information, please visit www.sopheon.com.

 

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