Application for AIM Admission

 

TIDMBSG 
 
RNS Number : 9778T 
Business Systems Group Hldgs PLC 
16 June 2009 
 
 
 
Business Systems Group Holdings plc ("BSG" or "the Company") 
 
 
16 June 2009 
 
 
Exercise of Options and Application for AIM Admission 
 
 
Further to the announcement made on 8 May 2009 regarding the recommended cash 
offer to be made by Advanced Computer Software Plc ("ACS") to acquire the entire 
issued and to be issued share capital of BSG other than certain BSG Shares which 
have been conditionally acquired by ACS outside the offer ("the Offer"), ACS has 
also made an offer to holders of options in BSG ("the Offer to Option Holders"). 
As the Offer has now been declared wholly unconditional in all respects, the 
Company has received notification that 7,536,470 options have been exercised in 
order to accept the Offer to Option Holders. 
 
 
BSG therefore announces that it has applied for the admission to trading on AIM 
of 1,106,267 new ordinary shares of 5 pence each in the Company ("Ordinary 
Shares"). Application is being made for the new Ordinary Shares to be issued in 
order to part satisfy the exercise of 7,536,470 options. Of the remaining 
6,430,203 options not satisfied by the issuance of new Ordinary Shares, 213,863 
will be satisfied through the Employee Benefit Trust and 6,216,340 will be 
satisfied by shares currently held in treasury ("Treasury Shares"). 
 
 
The Treasury Shares moved out of treasury on 12 June 2009. Following this 
transition, the Company no longer holds any shares in treasury. 
 
The new Ordinary Shares will rank pari passu with the existing Ordinary Shares 
of the Company. Trading is expected to commence on AIM on 18 June 2009. 
 Following the exercise and satisfaction of 7,536,470 options the issued share 
capital of the Company will be 85,503,095 Ordinary Shares. 
The above figure of 85,503,095 Ordinary Shares 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 in their interest 
in, the share capital of the Company under the FSA's Disclosure and Transparency 
Rules. 
 
 
Enquiries: 
 
 
+-------------------------------------+-------------------------------------+ 
| Business Systems Group Holdings plc |                       020 7880 8888 | 
| Nick Gerard, Group Chief Executive  |                                     | 
| James Wheaton, Group Finance        |                                     | 
| Director                            |                                     | 
|                                     |                                     | 
+-------------------------------------+-------------------------------------+ 
| Singer Capital Markets              |                       020 3205 7500 | 
| Shaun Dobson                        |                                     | 
| Claes Spång                         |                                     | 
+-------------------------------------+-------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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