First Day of Dealing (6085U)
October 19 2010 - 3:28AM
UK Regulatory
TIDMSPA
RNS Number : 6085U
1Spatial Holdings Plc
19 October 2010
19 October 2010
1Spatial Holdings plc
(AIM: SPA)
("the Company")
Admission to trading on AIM
First Day of Dealing
The Board of 1Spatial Holdings plc ("1Spatial"), the AIM quoted
provider of products and services that enable clients to collect,
audit, manage, modify and reuse geospatial (location based) data,
is pleased to announce the admission of its share capital to
trading on AIM and the first day of dealings in its ordinary shares
("Ordinary Shares") following completion of the reverse takeover of
1Spatial Group Limited.
The Company has 21,188,926Ordinary Shares of 4.00p in issue.
Cambridge based, 1Spatial is a provider of intelligent,
automated, data quality and integration platforms for organisations
worldwide that need to trust their location-based information. The
solutions and services provided are well suited for organisations,
which handle high volumes of business critical location-based data.
The technology is delivered either as on a soft-ware license model
or as a hosted service, and is used by a number of organisations
including: national mapping & charting agencies, public sector
organisations, energy, utilities and telecommunications specialists
and transport and defence businesses in order to improve
efficiency, reduce costs and improve decision making.
Commenting on the admission Nic Snape, CEO of 1Spatial, said:
"We have been considering a move to AIM for a significant period
and this reversal offered the perfect opportunity to come to the
market. We have a solid business with a solid foundation and a
proven financial track record. We believe that the AIM market
offers us the opportunity to expand the business both organically
and through acquisitions, in turn increasing value for new and
existing investors."
--END-
For further information please contact:
1Spatial Holdings plc
Nic Snape +44 (0)1223 420 414
Libertas Capital Corporate Finance Limited
Sandy Jamieson +44 (0)20 7569 9650
Rivington Street Corporate Finance
Jon Levinson +44 (0)20 7562 3389
Bishopsgate Communications
Gemma O'Hara / Siobhra Murphy +44 (0)20 7562 3350
This information is provided by RNS
The company news service from the London Stock Exchange
END
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