Placing & Directors Dealing

    RNS Number : 2803L
  ALL IPO PLC
  08 January 2009
   
8 January 2009
 
ALL IPO PLC
 
Placing and Director*s Dealing
 
The directors of All IPO plc ("the Company" or "All IPO") today announce that they have placed a total of   2,500,000 Ordinary Shares of 1
pence each at a price of 1 pence per share. Following this placing the Company will have 30,345,817 shares in issue. Application will be
made for the shares to be traded on AIM and admission is expected on 15 January 2009.
 
The placing was made to Michael Hodges and Clem Chambers, both directors of the Company, who purchased 1,000,000 ordinary shares and
1,500,000 ordinary shares respectively, of 1 pence each at a price of 1 pence per share.
 
Following this purchase, Michael Hodges has a total of 1,000,000 ordinary shares representing 3.30% of the Company*s total voting rights.
 
Following this purchase Clem Chambers' holding in the Company has increased to 2,022,727 Ordinary Shares which represents 6.67% of the
Company's total voting rights.
 
As the placing is to directors, this is considered to be a related party transaction under the AIM Rules. The independent directors, having
consulted with the Company's nominated adviser, considers the terms of the transaction to be fair and reasonable insofar as the Company's
shareholders are concerned.
 
 
For further information please contact:
 
Clem Chambers CEO All IPO plc 0207 0700 909
 
Fiona Kindness, Director, Grant Thornton UK LLP 020 7728 3414
 
 
 
 
 

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