Released: 29/09/2006
RNS Number:6851J
Spiritel PLC
29 September 2006
For immediate release 29 September 2006
SPIRITEL PLC
("Spiritel" or "the Company")
Issue of Equity
Spiritel plc (AIM: STP), the telecommunications services business, is pleased to
announce that it has issued 12,500,000 new ordinary shares of 1p each in the
Company at a price of 2.0p a share to New Star, raising net proceeds of £250,000
for the Company.
It is expected that these new shares will be admitted to trading on AIM on 4
October 2006. Following admission the Company's enlarged ordinary share capital
will be 192,444,758 shares, of which New Star will hold 6.5 per cent.
Alastair Mills, Spiritel's Chief Executive, said: "I am delighted to welcome an
institutional investor of the calibre of New Star to our shareholder register.
The funds raised will be used for the ongoing development of Spiritel, allowing
the Company to accelerate its strategy for gaining a direct relationship with
the end users of our products and services."
For further information:
Spiritel plc 020 7160 0100
Alastair Mills, Chief Executive
Buchanan Communications 020 7466 5000
Mark Court
Mary-Jane Johnson
Notes for Editors:
About Spiritel plc
Spiritel plc (AIM: STP) is a telecommunications services and products company
that joined the AIM market of the London Stock Exchange in July 2004. Its
services include call termination and in addition it has developed a suite of
leading-edge VoIP products, positioning the Company to benefit from the
migration from traditional telephony to VoIP services.
For further information please visit www.spiritelplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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