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Enables It Group PLC Announces Acquisition And Placing


Tuesday, 2 Jul 2013 02:00am EDT 

Enables It Group PLC announced that further to the announcement made on June 27, 2013, it has completed the acquisition of The Support Force Group Limited. Part of the initial consideration for the acquisition is to be satisfied by the issue of ordinary shares, to the value of GBP50,000, issued at a price equivalent to the average of the middle market quotations for an ordinary share of the Company as shown on AIM, for each of the five business days immediately preceding completion of the acquisition, which equates to 41 pence. Accordingly, the Company has issued 121,954 ordinary shares in the Company to the vendors of Support Force, conditional upon the shares being admitted to trading on AIM. Application has been made to the London Stock Exchange plc for the 2,527,722 placing shares and the initial consideration shares to be admitted to trading on AIM. It is expected that Admission of the placing shares and initial consideration shares to AIM will become effective, and dealings are expected to commence on AIM, on July 4, 2013. 

Company Quote

18.25
-0.25 -1.35%
8:52am EDT