ITO Intechnology

RNS Number:3350O
InTechnology PLC
24 July 2000


InTechnology plc ("InTechnology" or "the Company")

Result of Extraordinary General Meeting

Completion of the acquisition of VData and HOLF Technologies
Limited (trading as Storm) ("the Acquisitions")

The Board of Intechnology is pleased to announce that, at an
Extraordinary  General Meeting of the Company  held  earlier
today, the resolutions to effect a capital reorganisation of
the  Company (the "Capital Reorganisation"), to increase the
authorised share capital of the Company, to grant  authority
to allot shares and to approve the Acquisitions, inter alia,
on  the terms set out in the prospectus sent to shareholders
on 30 June 2000 (the "Prospectus"), were duly passed.

All  the conditions attaching to the Acquisitions have  been
satisfied,  subject to the re-admission to  trading  on  the
Alternative  Investment Market of the London Stock  Exchange
("AIM")  of the existing ordinary shares of the Company  (as
converted  pursuant to the Capital Reorganisation)  and  the
admission  to trading on AIM of the new ordinary  shares  of
the  Company being issued pursuant to the Acquisitions ("the
Consideration Shares") and of the new ordinary shares of the
Company, on a nil paid basis, being issued pursuant  to  the
rights  issue  of up to 6 million new ordinary shares  ("the
Rights Issue Shares").

The total consideration for the Acquisitions of #165 million
has been satisfied by the issue of 103,552,904 Consideration
Shares  and  #9.7  million  in  cash  (which  will  be  paid
following completion of the rights issue).

David  von  Simson will step down as non-executive  chairman
and  become  a  non-executive director of  the  Company  and
Christopher  Akers and Rodger Sargent will resign  from  the
board  with effect from 8.00 a.m. on 25 July 2000.  The  Rt.
Hon.  Lord  Parkinson will become non-executive chairman  of
the  Company  and  Peter Wilkinson, Andrew Kaberry,  Stephen
Pearce,  Philip  Taysom and Bryn Sage will become  executive
directors  of the Company with effect from 8.00 a.m.  on  25
July 2000.

Provisional  allotment  letters  in  respect  of  qualifying
shareholders'  entitlements to Rights Issue Shares  will  be
posted  today,  in  accordance with the  Prospectus.  It  is
expected that dealings in the Consideration Shares and, on a
nil  paid  basis, in the Rights Issue Shares will  commence,
and  that  dealings  in  the existing  ordinary  shares  (as
converted pursuant to the Capital Reorganisation)  will  re-
commence, on 25 July 2000.

The  latest time and date for acceptance and payment in full
under the Rights Issue is 3.00p.m. on 14 August 2000.

Enquiries:

Intechnology
----------------
Andrew Kaberry      01423 877 440

WestLB Panmure
---------------------
Lucy Tilley / Mark Lander     020 7638 4010

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