Additional Listing
January 30 2006 - 2:41AM
UK Regulatory
RNS Number:5899X
IDOX PLC
30 January 2006
For immediate release 30 January 2006
IDOX PLC ("the Company")
Additional Listing
The Company announces that pursuant to the agreement with the vendors of TFPL
Limited ("TFPL"), as outlined in the announcement of 10 May 2004, the second
tranche of earn out consideration has become payable to the vendors in respect
of the acquisition.
This earn out consideration, which has been calculated on TFPL's gross profits
from 1 November 2004 until 31 October 2005, justified the payment of #900,000
under the acquisition agreement and will be payable through the issue of
8,017,817 new ordinary shares of 1 pence each in the Company ("New Ordinary
Shares") on the basis of a price of 11.225 pence per share.
Application has been made for the admission of 8,017,817 New Ordinary Shares to
trading on the AIM market of the London Stock Exchange. The New Ordinary Shares
will rank pari passu with all existing ordinary shares in the Company. It is
expected that admission will become effective and that dealings in the New
Ordinary Shares will commence on 1 February 2006.
For further information please contact:
Andrew Fraser, Chief Executive, IDOX plc Tel: 020 7954 3800
Alasdair Robinson, Noble & Company Limited Tel: 0131 225 9677
This information is provided by RNS
The company news service from the London Stock Exchange
END
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