Result of Rights Issue

RNS Number:8158O
Incepta Group PLC
19 August 2003


 NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART, DIRECTLY OR
  INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF
                         IRELAND, JAPAN OR SOUTH AFRICA


                       Incepta Group plc ("the Company")

                             Result of Rights Issue


The Company announces that the 1 for 5 rights issue of 135,976,103 Rights 
Shares and up to 429,295 Additional Rights Shares at 13 pence per share, as
detailed in the Prospectus published by the Company on 2 July 2003 and in the
announcement made on 10 July 2003, closed at 10:30 a.m. on 18 August 2003.


Valid acceptances have been received in respect of 85,813,331 Rights Shares and
Additional Rights Shares from Qualifying Shareholders, which represents an
aggregate take-up of approximately 63 per cent.


The balance of the Rights Shares and Additional Rights Shares which were not
taken up, being 50,592,067 New Ordinary Shares, has today been placed with
institutional investors at a price of 17.75 pence per share (gross of expenses).


Non-participating shareholders will be sent a cheque for their share of the
premium over the Issue Price and the related expenses of procuring those
investors (including commissions and amounts in respect of value added tax),
save that amounts of less than #3 will be retained for the benefit of the
Company. Fractional entitlements to New Ordinary Shares amounted to 965 New
Ordinary Shares and these shares have been sold in the market for the benefit 
of the Company as part of the placing referred to above.


It is expected that definitive share certificates in respect of the Rights
Shares and the Additional Rights Shares will be despatched by 26 August 2003.
Rights Shares and Additional Rights Shares are being credited to CREST accounts
today.


Directors' shareholdings


In accordance with their intentions stated in the Prospectus, the figure for
valid acceptances  noted above includes 1,834,494 Rights Shares and Additional
Rights Shares subscribed for by each of the Directors (and their associates)
taking up their rights.


Following the Rights Issue, and as notified to the Company today by each of the
Directors, the shareholdings of the Directors (and their associates) are as
follows:


Director            No. of shares        Resultant holding       % of issued
                    subscribed                                   share capital

David Wright          410,348               11,354,852               1.27%

Richard Nichols        54,436                1,348,912               0.15%

Mike Butterworth       26,583                  160,270               0.02%

Anthony Carlisle      291,190                8,057,169               0.90%

Robert Alcock          38,800                  247,942               0.03%

Charles Good          953,137                5,718,826               0.64%

Christian Strenger     60,000                  360,000               0.04%


Definitions used in the Prospectus dated 2 July 2003 and the announcement made
on 10 July 2003 shall have the same meanings when used in this announcement,
unless the context requires otherwise.


For further information please contact:


Richard Nichols, Chief Executive, Incepta Group plc        Tel: [phone]
Mike Butterworth, Finance Director, Incepta Group plc

Fiona Bradshaw, Citigate Dewe Rogerson                     Tel: [phone]

Michael Higgins, Partner, KPMG Corporate Finance           Tel: [phone]

Steve Roberts/Mark Connelly, Collins Stewart               Tel: [phone]



This announcement shall not constitute or form any part of any offer or
invitation to subscribe for, underwrite or otherwise acquire, or any
solicitation of any offer to purchase or subscribe for, the Nil Paid Rights, 
the Fully Paid Rights or the New Ordinary Shares (the "Securities").  
Any purchase of, or application for, Securities in the Issues should only be 
made on the basis of information in the Prospectus and any supplement thereto.


This announcement is not for publication or distribution or release, directly 
or indirectly, in the United States, Canada, Japan, Australia, South Africa or
Ireland. This announcement does not constitute or form any part of any offer to
sell, issue or to acquire any securities of the Company in the United States,
Canada, Japan, Australia, South Africa, Ireland or in any other jurisdiction.
Neither the Company's new Ordinary Shares, Fully Paid Rights nor the 
Provisional Allotment Letters are being or will be registered under the US 
Securities Act of 1933, as amended (the 'Securities Act') and may not be 
offered or sold in the United States (as such term is defined in Regulation S
under the Securities Act) at any time except pursuant to the terms of an 
applicable exemption under the Securities Act and applicable securities laws 
of the states of the United States.


KPMG Corporate Finance, a division of KPMG LLP which is authorised by the
Financial Services Authority for investment business activities, acted as
sponsor and financial adviser, Collins Stewart, which is regulated by the
Financial Services Authority, acted as joint broker and underwriter, and HSBC,
which is regulated by the Financial Services Authority, acted as joint broker
for Incepta in relation to the matters described in this announcement. KPMG
Corporate Finance, Collins Stewart and HSBC will not be responsible to any
person other than Incepta for providing the protections afforded to their
respective clients or for providing advice in relation to the Issues or any
matters referred to herein.






                      This information is provided by RNS
            The company news service from the London Stock Exchange

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