Issue of Equity
May 09 2008 - 11:04AM
UK Regulatory
RNS Number:1247U
Qonnectis plc
09 May 2008
Qonnectis plc
(the "Company")
Issue of Equity
The Board of Qonnectis plc ("Qonnectis" or "the Company"), the data monitoring
service provider for utilities and users of energy and water, announces that,
pursuant to the announcement made on 23 April 2008, it has issued and allotted
25,000,000 ordinary shares to or at the direction of Security Change Limited in
final settlement of the Company's obligations under the convertible loan
agreement, details of which were announced on 29 August 2007 (the "Security
Change Shares").
Application has been made to The London Stock Exchange for the Security Change
Shares, which will rank pari-passu with the existing ordinary shares in issue,
to be admitted to AIM, and admission is expected to become effective on 15 May
2008.
The total number of ordinary shares in issue following the issue of the Security
Change Shares is 393,608,023.
9 May 2008
For further information, please contact:
Qonnectis plc
Michael Tapia, Chief Executive 01932 788299
HB Corporate
Edward Hutton 020 7510 8600
Bankside Consultants
Michael Padley / Louise Davis 020 7367 8888
This information is provided by RNS
The company news service from the London Stock Exchange
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