Issue of Equity
16 Junho 2009 - 11:08AM
UK Regulatory
TIDMASW TIDMBSG
RNS Number : 9858T
Advanced Computer Software PLC
16 June 2009
Advanced Computer Software Plc
("ACS" or "the Company")
Issue of Equity
Advanced Computer Software Plc (AIM: ASW) a leading provider of software and IT
services to the Primary Care sector, announces that pursuant to the Acquisition
Agreement that was completed on 15 June 2009, following the Offer for Business
Systems Group Holdings Plc ("BSG") being declared wholly unconditional, ACS has
acquired 18,315,018 BSG Shares from the trustees of the Nick Gerard Life
Interest Trust, in exchange for the issue and allotment of 14,000,000 ACS Shares
(approximately 4 per cent. of the enlarged share capital) at an issue price of
25 pence per ACS share to the Nick Gerrard Life Interest Trust.
Consequently the Company has applied for the application of 14,000,000 new
ordinary shares in the Company to be admitted to trading on AIM, with admission
expected to occur on or around 19 June 2009.
Following this issue the Company will have 350,170,170 ordinary shares in issue
which represent the Company's total voting rights.
For the avoidance of doubt capitalised terms have the same meaning as in the
Rule 2.5 announcement made by the Company on 8 May 2009.
Enquiries:
Advanced Computer Software Plc
Vin Murria, Chief Executive Officer
+44 20 7831 5088
Karen Bach, Chief Financial Officer
Seymour Pierce Ltd
Richard Feigen +44 207 107 8047
Sarah Jacobs
Christopher Wren
College Hill
Adrian Duffield +44 20 7457
2815
Carl Franklin
This information is provided by RNS
The company news service from the London Stock Exchange
END
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