Issue of Equity and Holding in Astaire Group Plc
July 14 2009 - 2:00AM
UK Regulatory
TIDMEVOL TIDMASTR
RNS Number : 5939V
Evolve Capital PLC
14 July 2009
Evolve Capital PLC ("Evolve" or the "Company")
Acquisition of Shares in Astaire Group plc ("Astaire") and Issue of Equity
The Board of Evolve is pleased to announce that Evolve has acquired 918,499
ordinary shares of 0.1p each in Astaire Group plc ("Astaire Shares"). Evolve
now holds 110,067,610 ordinary shares in Astaire, which, after the recent share
issue, represents approximately 61.9 per cent of Astaire's issued share capital.
The Astaire Shares have been acquired from certain shareholders of Astaire on
the basis of 1,025 new ordinary shares in Evolve for every 1,000 shares they
held in Astaire, rounded down to the nearest whole number. This is on the same
terms as which the offer by Evolve for Astaire (then Blue Oar plc) was made in
December 2008. Accordingly, 941,461 new ordinary shares of 1p each in Evolve
have been issued in consideration for the Astaire Shares.
Application will be made for the 941,461 new ordinary shares of 1p each in
Evolve to be admitted to trading on AIM and admission is expected to become
effective on 20 July 2009.
Evolve now has 169,040,071 ordinary shares of 1p each in issue.
Enquiries:
Evolve Capital PLC
Edward Vandyk
Tel: 020 7937 4445
Fairfax I.S. PLC, Nominated Adviser
Adam Hart / Jeremy Porter
Tel: 020 7598 5368
Maitland
Neil Bennett / George Hudson
Tel: 020 7379 5151
This information is provided by RNS
The company news service from the London Stock Exchange
END
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