Issue of Equity and Total Voting Rights

RNS Number : 6232C

Digital Barriers plc

03 May 2012

 



3 May 2012

Digital Barriers plc

("Digital Barriers" or the "Group")

Issue of Equity and Total Voting Rights

Digital Barriers plc (AIM: DGB), the specialist provider of advanced surveillance technologies to the homeland security and defence sectors announces that following its acquisition of Keeneo SAS on 1 August 2011, the earn-out portion of the consideration has now been agreed and has been paid as a full and final settlement in the sum of €500,000 in total made up of €371,000 in cash and the issue of 59,216 ordinary shares of 1p each in the capital of Digital Barriers plc.  This settlement will enable more extensive integration of Keeneo SAS's industry-leading video analytics product set into the Group's wider product offerings.

 

As a result, an application has been made for the admission to AIM of 59,216 new Ordinary Shares of 1p each in the Company ("Ordinary Shares"). The new Ordinary Shares rank pari passu with the Company's existing issued Ordinary Shares, and dealings are expected to commence on 4 May 2012.

Following Admission, the Company's total issued share capital will comprise 43,787,176 Ordinary Shares. Therefore the total number of Ordinary Shares with voting rights is 43,787,176.  This figure of 43,787,176 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

For further information please contact:

FTI Consulting	[phone]
Edward Bridges / Matt Dixon / Elodie Castagna

About Digital Barriers

Digital Barriers provides advanced surveillance technologies to the international homeland security and defence markets. Specialising in 'edge-intelligent' solutions that can be deployed across remote, hostile or complex operating environments, we work with governments, multinational corporations and system integrators in the defence, law enforcement, critical infrastructure, transportation and natural resources sectors.

www.digitalbarriers.com 

Disclaimer

This announcement includes statements that are, or may be deemed to be, "forward-looking statements".  These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will", or "should" or, in each case, their negative or other variations or comparable terminology.  These forward-looking statements include matters that are not historical facts.  They appear in a number of places throughout this announcement and include statements regarding the Group's current intentions, beliefs or expectations concerning, among other things, the Group's results of operations, financial condition, liquidity, prospects, growth, strategies and the Group's markets.  By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances.  Actual results and developments could differ materially from those expressed or implied by the forward-looking statements.  Forward-looking statements may and often do differ materially from actual results.  Any forward-looking statements in this announcement are based on certain factors and assumptions, including the Group's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Group's operations, results of operations, growth strategy and liquidity.  Whilst the Group considers these assumptions to be reasonable based upon information currently available, they may prove to be incorrect.  Save as required by law or by the AIM Rules for Companies, the Group undertakes no obligation to publicly release the results of any revisions to any forward-looking statements in this announcement that may occur due to any change in the Group's expectations or to reflect events or circumstances after the date of this announcement.

 

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