13 November 2003
Vanco plc announces that, following the acquisition of deferred ordinary shares
of 0.1p each in Vanco Group Limited from certain of its employees under the
Vanco Group Employee Incentivisation Schemes, it has issued 707,120 new 5p
Ordinary Shares ranking pari passu with existing Ordinary Shares to those
employees subject to the new shares being admitted to the Official List of the
UK Listing Authority and to trading on the market for listed securities of the
London Stock Exchange ('Admission'), for which applications have been made. As a
result, the number of Ordinary Shares in issue will increase from 52,732,894 to
Admission of the new shares and commencement of dealings is expected to take
place at 8.00 a.m. on 13 November 2003.
Established in 1988, Vanco plc (FTSE: VAN) is the leading global Virtual Network
Operator. With solutions available in 230 countries and territories, Vanco is
selected by the world's largest organisations to provide strategic network
solutions. Its customers include Avis Europe, Virgin Retail, Ford Motor Company,
Pilkington, RMC Group and Smith & Nephew.
Through the Vanco network solution customers get access to the greatest
geographic coverage available through a single provider. Vanco offers
incomparable flexibility to customise and adapt the solution in line with market
changes and business priorities.
Vanco is recognised by the industry for its financial success and world class
customer service delivery. A significant proportion of its investment capital
goes into customer care which is reflected by the awards won, independent market
research and customer retention.
For further information please contact:
Simon Hargreaves, Finance Director
T. +44 (0) 20 8636 1700
Andy Brown, PR Manager
T. +44 (0) 20 8636 1721
Further information on Vanco please visit our website www.vanco.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange