PRA Praesepe

TIDMPRA

RNS Number : 3941I

Praesepe PLC

15 June 2011

15 June 2011

Praesepe plc

("Praesepe" or the "Company")

Admission of new ordinary shares

Further to the announcement released by the Company on 9 June 2011, the Company confirms that the 85,707,356 shares issued and allotted to Marwyn Value Investors L.P. and Matthew Proctor on conversion of the Company's convertible loan notes are today expected to be admitted to trading on AIM.

The Company also announces that, further to the announcement on 10 June 2011 that the offer by Marwyn Management Partners plc ("MMP") for the Company has been declared unconditional, the Company confirms that the 20,265,814 new ordinary shares subscribed for by MMP pursuant to a subscription agreement are today expected to be admitted to trading on AIM.

Dealings in all of the new ordinary shares on the AIM market of the London Stock Exchange are expected to commence at 8.00 a.m.

Ends

Contacts

Praesepe plc

Nick Harding, Chief Executive Officer Tel: +44 (0)7970 148000

Matthew Proctor, Chief Financial Officer Tel: +44 (0)7985 116578

Brunswick

Chris Blundell Tel: +44 (0)20 7404 5959

Claire Boszko

Liberum Capital (NOMAD and Broker)

Chris Bowman Tel: +44 (0)203 100 2222

Richard Bootle

This information is provided by RNS

The company news service from the London Stock Exchange

END

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