Released: 19/10/2006
RNS Number:6896K
Spiritel PLC
19 October 2006
For immediate release 19 October 2006
SPIRITEL PLC
("Spiritel" or "the Company")
Issue of Equity
Spiritel plc (AIM: STP), the telecommunications services business, announces
that, subject to Admission, it has issued and allotted 27,000,000 new Ordinary
Shares of 1p each in the Company at a price of 2.4 pence a share to IND Holdings
Limited, as part consideration for the acquisition of Networks Direct (UK)
Limited announced on 16 October 2006.
The new Ordinary Shares will rank pari passu with the existing Ordinary Shares
of the Company. Trading is expected to commence on AIM on 23 October 2006.
Following the allotment of the new Ordinary Shares the issued share capital of
the Company will be 219,444,758 ordinary shares.
IND Holdings Limited will, following this allotment, hold in aggregate
27,000,000 Ordinary Shares in Spiritel plc, representing approximately 12.3% per
cent of the issued share capital of the Company.
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 group that joined the AIM market
of the London Stock Exchange in July 2004. We have multiple routes to market for
our products and services, which include a range of both traditional and
emerging telecoms technologies. Spiritel's client base includes corporate,
wholesale and retail customers served directly through our value added reseller
division Spiritel Retail, via web portals and through independent resellers.
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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