Information  X 
Enter a valid email address

Asite PLC (ASE)

  Print      Mail a friend       Annual reports

Friday 27 September, 2002

Asite PLC

Issue of Equity

Asite PLC
27 September 2002

27 September 2002

                                   ASITE PLC

                                ('the Company')

                                   NEW ISSUE

The Company announces that it has today undertaken to issue 4,900,506 new
ordinary shares (representing 4.8 per cent. of the enlarged share capital) of 10
pence each in the capital of the Company to Warrencity Invest Corp at an issue
price of 10 pence per share in cash.  Following this placing, Warrencity Invest
Corp will hold 8,965,536 ordinary shares representing 8.7 per cent. of the
enlarged share capital.

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 4 October 2002.


For further information, please contact:


Charles Woods                                                     020 7388 4890

Deloitte & Touche Corporate Finance

Robin Binks                                                       020 7438 3000

The Directors of ASITE plc 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.

                      This information is provided by RNS
            The company news service from the London Stock Exchange