Issue of Shares
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For release |
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Date: 4 March 2011 |
The TEG GROUP PLC (TEG/L)
("TEG" or "the Company")
Issue of Shares
TEG Group (AIM:TEG) is pleased to announce that, further to its announcement of 2 June 2010 regarding its acquisition of Simpro Limited ("Simpro"), the owner of six composting sites based in the Midlands, further milestone targets have been achieved by the Vendors and application has been made for the admission of 608,520 Deferred Consideration Shares to be admitted to trading on AIM, which is expected to occur on 10 March 2011.
Following the issue of these Deferred Consideration Shares TEG will have 76,226,345 ordinary shares in issue.
Capitalised terms in this announcement have the same meaning as those defined in the announcement made by the Company on 2 June 2010.
ENDS
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Contact:
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The TEG Group Plc |
Tel: 01772 644980 |
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Tanja Willis, Finance Director |
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Ambrian Partners Limited (Nomad) |
Tel : 020 7634 4700 |
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Andrew Craig / Ben Wright |
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Peckwater PR |
Tel: 07879 458 364 |
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Tarquin Edwards |
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This information is provided by RNS