INNO Innovise

 
TIDMINNO 
 
30 June 2011 
 
                                 Innovise plc 
 
                                (the "Company") 
 
                      Board change and Director's dealing 
 
Board change 
 
Innovise plc ("Innovise" or the "Company"), the AIM-quoted software solutions 
and IT services provider, announces that Andy Onacko has elected to resign as 
an executive director in order to pursue other interests, including the 
charitable activities with which he is involved. He will remain on the board as 
a non-executive director and continue to be available to provide advice and 
guidance to the Company. 
 
Andy Onacko has been with Innovise since the acquisition of Abilitec Limited in 
December 2007, which he had founded eight years earlier and had built into a 
very successful and respected systems integrator. For the last year, he has 
served as CEO of Innovise ESM International. 
 
Mike Taylor, CEO of Innovise, said: "I would like to thank Andy for the 
important contribution he has made to Innovise, first in ensuring the Abilitec 
business was smoothly and effectively integrated into our total offering, and 
subsequently in helping to drive the continuing growth of the Innovise ESM 
division. We wish him every success in the future and look forward to his 
ongoing input and guidance as a non-executive director." 
 
Put and call option agreement with Andy Onacko 
 
The Company has entered into a put and call option agreement with Andy Onacko 
in respect of 2,076,206 shares held by him in the Company ("the Option Shares") 
("the Agreement"). The Option Shares represent 5.14 per cent. of the Company's 
current issued ordinary share capital. The call option is exercisable by the 
Company at any time between 5 April and 31 July 2012 at a price of 13p; the put 
option is exercisable by Andy Onacko at any time between 5 May and 15 July 2012 
at the same price. Exercise of the options may be subject to prior approval of 
the shareholders of the Company at a general meeting. 
 
The Agreement is deemed to be a related party transaction under the AIM Rules 
for Companies. The Directors of the Company (other than Andy Onacko), having 
consulted with Northland Capital Partners Limited, the Company's Nominated 
Adviser, consider that the terms of the Agreement are fair and reasonable 
insofar as the shareholders of the Company are concerned. 
 
Contact: 
 
Mike Taylor, Chief Executive   Innovise plc                  087 0626 0400 
 
Tony Edwards, Finance Director Innovise plc                  087 0626 0400 
 
Edward Hutton, Nominated       Northland Capital Partners    020 7796 8800 
Advisor                        Ltd 
 
Ian Foster, Shareholder        Wordsworth Communication Ltd  077 3918 5050 
Relations 
 
Note to editors: 
 
Innovise plc is a fast growing IT solutions company with two divisions, each of 
which has its own management team and focused growth strategy. 
 
Innovise ESM enables major organisations to transform complex IT environments, 
resulting in improved performance and service. The division partners with the 
leading global vendors to deliver best-in-class solutions to Fortune 500 
businesses across a range of industries. 
 
The Innovise Software & Solutions division consists of two complementary units: 
Innovise Software's products are extensively used to improve efficiency within 
the facilities management, support services and public sectors, while Innovise 
Solutions provides customised and highly cost-effective managed services 
including remote database administration, infrastructure management and 
Microsoft solutions. 
 
Innovise has offices in Brierley Hill, Slough, Southampton, London and Mumbai. 
 
For more information, please visit www.innovise.com 
 
 
 
END 
 

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