Holding(s) in Company
January 10 2008 - 2:01AM
UK Regulatory
RNS Number:4640L
ID Data Group PLC
10 January 2008
Press Release 10 January 2008
ID DATA GROUP PLC
("ID Data" or the "Company")
Holding in Company
ID Data Group Plc (AIM:IDD), the smart card solutions and outsourcing business,
was notified, yesterday, that Dexapoint United Corp ("Dexapoint"), a fund
managed in Zurich, Switzerland has acquired 195,875,000 ordinary shares in
the capital of ID Data at a price of 1.1 pence per share (value 7 January 2008),
valuing the stake acquired at �2.15 million. This represents 14.8 % of the
equity and voting rights of ID Data. These shares were previously held by RAB
Special Situations Master Fund.
Commenting on this transaction Peter J Cox, CEO of ID Data, said:
"I welcome Dexapoint as a new major shareholder in ID Data and I hope that this
investment may lead to the introduction of additional card related business to
ID Data's production platforms and assist with the development of strategic
relationships through Dexapoint's other card related investments.
For further information, please contact:
ID Data Group plc
Peter Cox, Chief Executive Tel: +44 (0)1730 235700
peter.cox@iddata.com
Smith & Williamson Corporate Finance Limited
Azhic Basirov / David Jones Tel: +44 (0)20 7131 4000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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