Issue of Equity
May 28 2009 - 4:26AM
UK Regulatory
TIDMNXS
28 May 2009
NEXUS MANAGEMENT PLC
(AIM: NXS)
Issue of Equity/Director Shareholding
Further to the announcement of 12 May 2009, the Company announces that it has
issued 1,171,875 new ordinary shares to Boris Adlam, an executive director of
the Company, for providing a guarantee in connection with a secured loan
advanced to the Company by a third party.
The new shares have been issued at 1.28p per share, being the average
middle-market closing price of the Company's shares in the three days following
the announcement of the Company's interim results on 19 May 2009, to satisfy a
fee of GBP15,000 due to Mr Adlam.
Application has been made for the new ordinary shares to be admitted to trading
on AIM and dealings are expected to commence on 2 June 2009. Following the
issue of these shares, the Company will have 925,105,031 ordinary shares in
issue.
Furthermore, Mr Adlam has today transferred 5,410,422 ordinary shares in the
capital of the Company into The Hirsch 1993 Trust at the prevailing market
price, equivalent to 0.58 per cent. of the Company's issued share capital. Mr
Adlam's children are beneficiaries of The Hirsch 1993 Trust and Mr Adlam is a
potential beneficiary of the trust.
Mr Adlam and The Hirsch 1993 Trust are beneficially interested, in aggregate,
in 40,469,916 ordinary shares, equivalent to 4.37 per cent. of the issued
ordinary share capital of Nexus.
---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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