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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Axeon Hldgs | LSE:AXE | London | Ordinary Share | GB00B08X3Q76 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 7771C Axeon Holdings Plc 04 September 2008 AXEON HOLDINGS PLC ("Axeon" or the "Company") Share Issue and Total Voting Rights Axeon announces that, as a result of the successful completion of the deferred consideration phases of the acquisitions of Advanced Batteries Limited ("ABL") announced on 16 February 2006 and Ristma AG ("Ristma") announced on 13 July 2007, it has today allotted a total of 1,323,378 shares of 5 pence (the "New Ordinary Shares"), conditional on admission to AIM ("Admission"), to the vendors of ABL and Ristma. 406,502 ordinary shares were allotted at a price of 61 pence per share pursuant to the terms of the ABL share purchase agreement, and later agreements with the vendors of ABL allowing the deferred consideration to be satisfied in shares rather than in cash. The shares are subject to lock in agreements for a period of 18 months, and represent the second and final instalment of the consideration for ABL. The allotment is made following the successful achievement of the fixed performance measure laid down in the original share purchase agreement. 916,876 ordinary shares were allotted at a price of 48.03 pence per share pursuant to the terms of the Ristma share purchase agreement. These shares are subject to lock in agreements until 30 May 2009. They represent the final instalment of the consideration for the shares of Ristma and their issue is made in line with the performance measures incorporated in the share purchase agreement. Both lock in arrangements contain waivers subject to the agreement of the Company's Nominated Adviser. The share allotments represent the final elements of consideration under both of the above share purchase agreements and no further consideration is payable by Axeon to the vendors of ABL or Ristma. Application has been made for the New Ordinary Shares to be admitted to trading on AIM, which is expected to become effective on 10 September 2008. The New Ordinary Shares will, on Admission, be credited as fully paid and rank pari passu in all respects with the existing issued ordinary shares. Upon Admission, the total number of issued ordinary shares in the Company, including the New Ordinary Shares, will be 47,090,346 ordinary shares. The Company does not hold any ordinary shares in treasury. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules. CONTACT Axeon Holdings plc Hamish Grant, CEO Tel: +44 (0)1382 400040 David Campbell, CFO Tel: +44 (0)1382 400040 www.axeon.com Gavin Anderson & Co Ken Cronin/Robert Speed/Janine Brewis Tel: +44 (0)20 7554 1400 Arbuthnot Securities Antonio Bossi/John Prior Tel: +44 (0)20 7012 2000 NOTES TO EDITORS About Axeon Holdings Axeon Holdings plc is Europe's largest independent supplier of lithium-ion battery solutions, manufacturing over 5 million battery packs. Axeon designs and manufactures batteries and battery management systems for three main sectors: automotive, powering the clean electric vehicles of the future; power tools, enabling new cordless tools that deliver more power with less weight; and mobile power solutions, delivering energy for innovative new products. Axeon's Battery Management System is a market-leading technology for managing lithium-ion batteries, delivering safe, durable performance. Axeon has been listed on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE:AXE) since 2005 and is headquartered in the UK, with operations in the UK, Switzerland, Germany and Poland. For more information, please see www.axeon.com This information is provided by RNS The company news service from the London Stock Exchange END IOESSAFLLSASEDU
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