PremiSys Technologies PLC
11 July 2001
11 July 2001
PREMISYS TECHNOLOGIES PLC
('PremiSys' or the 'Company')
The Board of PremiSys announces that the Company has undertaken to issue
1,132,520 new ordinary shares (representing 1.3% of the enlarged share
capital) of 10 pence each in the capital of PremiSys to Dynamis Solutions
Limited ('Dynamis') in full and final settlement of various services provided
by Dynamis up to 30 June 2001 to Asite Limited ('Asite') and the Company.
Application has been made to the London Stock Exchange for the new ordinary
shares to be admitted to trading on AIM. It is expected that the new ordinary
shares will be admitted to trading on AIM on 12 July 2001.
As disclosed in the prospectus that was issued by PremiSys on 7 June 2001,
Dynamis is to continue providing various services to both Asite and PremiSys
up to the end of September 2001 and the Company has agreed with Dynamis that
additional invoices for services provided to Asite will be satisfied by the
issue of new ordinary shares at an issue price of 60 pence per share.
Additional invoices for services provided to PremiSys will be satisfied by the
issue of new ordinary shares at issue prices equal to the mid market price of
the ordinary shares at the end of each relevant month.
For further information, please contact:
Walter Goldsmith 020 7388 4890
Deloitte & Touche Corporate Finance
Robin Binks 020 7936 3000
Gavin Anderson & Company
Neil Garnett 020 7457 2345
The Directors of PremiSys accept responsibility for the information contained
in this announcement. To the best of the knowledge and belief of the Directors
(who have taken all reasonable care to ensure that such is the case) the
information contained in this announcement is in accordance with the facts and
does not omit anything likely to affect the import of such information.