Issue of Shares

RNS Number : 0831K

TEG Group (The) PLC

08 July 2011

 



 

For release

Date: 8 July 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 2,823,530 Deferred Consideration Shares to be admitted to trading on AIM, which is expected to occur on 12 July 2011.   This issue of shares represents the final tranche of deferred consideration due to the Vendors.

Following the admission of these Deferred Consideration Shares TEG will have 117,439,360 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

Contact:
The TEG Group Plc	Tel: [phone]
Tanja Willis, Finance Director	www.theteggroup.plc.uk
Ambrian Partners Limited (Nomad)	Tel : [phone]
Andrew Craig / Ben Wright
Peckwater PR	Tel: [phone]
Tarquin Edwards	[e-mail]

 

END

 

 

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