Issue of Equity
June 11 2009 - 5:16AM
UK Regulatory
TIDMNXS
11 June 2009
NEXUS MANAGEMENT PLC
("Nexus" or the "Company")
(AIM: NXS)
Issue of Equity
The Board announces today that it has raised GBP150,000, before
expenses, from a Placing of 15,000,000 ordinary shares in the capital of the
Company at 1p per share (the "Placing Shares"). The Placing Shares have been
issued to clients of a private client stockbroker to satisfy investor demand.
The net proceeds of the Placing amounting to GBP142,500 will, in
part, be used to reduce the indebtedness of the Company and to provide working
capital generally.
Application has been made for the Placing Shares to be admitted to
trading on AIM. Admission of the Placing Shares is expected to become
effective and dealings are expected to commence in these Shares on AIM on 17
June 2009. Following the issue of these shares, the Company will have
940,105,031 ordinary shares in issue.
---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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