Issue of Equity
May 22 2009 - 2:00AM
UK Regulatory
TIDMNXS
22 May 2009
NEXUS MANAGEMENT PLC
(AIM: NXS)
Issue of Equity
Further to the announcement of 12 May 2009, the Company announces that it has
received conversion notices in respect of the convertible non-interest bearing
unsecured loans (the "Loans"), entered into by the Company on 12 May 2009.
Conversion notices have been received to the value of GBP25,000, being the entire
value of the Loans, to be converted at a price of 1 pence per share and to be
satisfied by the issue of 2,500,000 new ordinary shares in the Company.
Following conversion of the Loans, the Company will have 923,933,156 ordinary
shares in issue. Application has been made for the new ordinary shares to be
admitted to trading on AIM and dealings are expected to commence on 29 May
2009.
---ENDS---
Enquiries:
Nexus Management Plc Tel: 01862 812 107
Roger Richardson, Chief Executive
John East & Partners Limited, a subsidiary of Merchant Securities Plc (Nomad)
Simon Clements/David Worlidge Tel: 020 7628 2200
Rivington Street Corporate Finance (Broker) Tel: 020 7562 3351
Dru Edmonstone/Monisha Varadan
Bishopsgate Communications Ltd Tel: 020 7562 3350
Robyn Samuelson/Siobhra Murphy
nexus@bishopsgatecommunications.com
About Nexus Management plc
Nexus Management is a specialist IT Managed Services Provider. Nexus has two
key markets: the UK and the US, where it can offer its customers 24 hour
support. Nexus specialises in Remote Server Management, Disaster Recovery, Data
Storage, Help-Desk, Desktop Support and Wide Area Network Management and
Monitoring. Through its ownership of the Nerd Force Franchise Company, a
provider of on-site support with franchises in Europe and the US, and
Resilience Technology Company, the provider of bullet-proof network security,
Nexus is able to offer a full range of IT services suitable for the small
business right up to multi-national enterprises.
Nexus is quoted on AIM, a market of the London Stock Exchange. For further
information on the Company, please visit www.nexusmgmt.com
END
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