Additional listing / TVR (9848D)

TIDMCLL

RNS Number : 9848D

Cello Group plc

24 May 2012

 
 For Immediate Release   24 May 2012

Cello Group plc

(the "Group" or the "Company")

Additional listing / TVR

The Company announces that on 23 May 2012 it resolved to issue 3,248,580 new ordinary shares of 10p each to vendors of businesses previously acquired by the Group and certain employees of the Group. These shares are to be issued pursuant to the share purchase agreements in relation to Fenix Media Limited (which trades as Face Group) and Red Kite Consulting Group Limited.

In the preliminary results announced on the 13 March 2012, the Group disclosed total earnout related provisions of GBP3.2m. These obligations have now been settled in full.

Application has been made for these shares to be admitted to trading on AIM and admission is expected to occur on 29 May 2012. The Company's issued share capital, following the admission of the 3,248,580 new shares, will be 82,261,505 ordinary shares of 10 pence each ("Ordinary Shares"), all with voting rights. The Company holds 237,000 Ordinary Shares in treasury at the date of this announcement. The total number of current voting rights in the Company will therefore be 82,024,505 shares.

The above figure (82,024,505 Ordinary Shares) may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FSA's Disclosure and Transparency Rules.

For further Information please contact:

 
 Cello Group plc 
 Mark Scott, Chief Executive             020 7812 8460 
 Mark Bentley, Group Finance Director 
 
 
 
 Cenkos 
 Bobbie Hilliam                          020 7397 8900 
 
 
 Buchanan 
 Mark Edwards/ Nicola Cronk/ Clare 
  Akhurst                                020 7466 5000

This information is provided by RNS

The company news service from the London Stock Exchange

END

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