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ATP Ata Grp.

40.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ata Grp. LSE:ATP London Ordinary Share GB0002920121 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 40.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Issue of Equity

30/04/2008 8:02am

UK Regulatory


RNS Number:3923T
ATA Group PLC
30 April 2008


                                 ATA Group plc
                            ("ATA" or "the Company")


                                Issue of Equity


ATA Group plc, a support services group which provides recruitment, training and
conferencing services, is pleased to announce that it has raised #307,587 via a
placing of 820,233 new ordinary shares of 1 pence each (the "Placing") at 37.5p
per share (the "Placing Price"). The Placing Price is based on the average
mid-market closing price on the three days following the release of the
preliminary results announcement on 15 April 2008.


The new ordinary shares have been placed with Andrew Pendlebury and Andrew
Bailey, both directors of the Company. The purpose of the Placing is to
incentivise the executive directors with a material stake in the Company, to
further strengthen the balance sheet of the Company and to show the directors'
confidence in the future of the business.

Application has been made to the London Stock Exchange for the new ordinary
shares to be issued pursuant to the Placing to be admitted to trading on AIM
("Admission"). It is expected that Admission will become effective and that
dealings will commence on 7 May 2008. The new ordinary shares will be issued
fully paid, rank pari passu in all respects with the existing ordinary shares of
the Company and will be issued subject to the memorandum and articles of
association of the Company.


The participation of the executive directors in the Placing is a related party
transaction for the purposes of the AIM Rules and accordingly the independent
directors, having consulted with the Company's nominated adviser Evolution
Securities, consider that the transaction is fair and reasonable insofar as the
shareholders are concerned.


Following the Placing the resultant interests of Andrew Pendlebury and Andrew
Bailey are as follows:

+------------------+------------+-------------------+--------------------+
|Name              |Subscription| Number of Ordinary|       Percentage of|
|                  |            |   Shares after the|     enlarged issued|
|                  |            |            Placing| share capital after|
|                  |            |                   |         the Placing|
+------------------+------------+-------------------+--------------------+
|                  |            |                   |                    |
+------------------+------------+-------------------+--------------------+
|Andrew Pendlebury |     615,175|            615,175|               6.82%|
+------------------+------------+-------------------+--------------------+
|Andrew Bailey     |     205,058|            256,058|               2.84%|
+------------------+------------+-------------------+--------------------+


30 April 2008


For further information please contact:


ATA Group plc Tel:                            01332 263 122
Bill Douie, Executive Chairman.
Andrew Pendlebury, Chief Executive Officer.
Andrew Bailey, Chief Operating Officer.

Evolution Securities Limited Tel:             0207 071 4300
Jeremy Ellis / Chris Clarke



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

END
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