Allocate Software PLC Result of AGM (9262R)

TIDMALL

RNS Number : 9262R

Allocate Software PLC

23 November 2012

23 November 2012

ALLOCATE SOFTWARE PLC

("Allocate" or "the Company")

Result of AGM and Scrip Dividend Scheme

for the Dividend for the year ended 31 May 2012

Allocate Software (AIM:ALL), the leading provider of workforce and compliance optimisation solutions, announces that at the Company's Annual General Meeting ('AGM') held earlier today, all of the resolutions proposed, as set out in the Notice of the AGM, were duly passed.

The Board of Allocate also announces that it has approved elections for scrip dividends in respect of 6,751,883 Allocate shares (approximately 10.6% of the existing issued share capital) and as a result, the Board of Allocate has approved the issue and allotment of up to 99,275 new Allocate shares (approximately 0.16% of the existing issued share capital) at 81.60p per ordinary share. These shares will rank pari passu with all existing shares.

Application will be made for admission of the new Allocate shares to trading on the Alternative Investment Market of the London Stock Exchange and dealings are expected to commence on 28 November 2012. Following the admission of these shares, the total number of voting rights in Allocate will therefore be 64,040,528 ordinary shares of 5p each. There are no shares held in treasury.

Enquiries:

 
     Allocate Software plc                       Tel: [phone] 
      Chris Gale - Chief Financial Officer 
     Numis Securities                            Tel: [phone] 
      Nominated adviser - Michael Meade / 
      Richard Thomas 
      Corporate Broking - James Black 
     Gable Communications                        Tel: [phone] 
      Justine James                               [phone] 
 

About Allocate Software plc

Allocate Software plc is the leading workforce and corporate governance software solutions provider for world-wide organisations with large, multi-skilled workforces. With a blue chip client base spanning the public and private sector, its key vertical markets include Healthcare and Defence.

The experience and in-depth knowledge, gained in the UK and internationally has enabled Allocate to invest in developing innovative solutions that are relevant to the constantly evolving market needs of its customers. At the core of the business is Allocate's workforce optimisation software, which streamlines the whole workforce management of multi disciplinary groups, across diverse locations.

Headquartered in London, Allocate provides services and support to its increasing international customer base through regional offices in the UK, Sweden, USA, Australia and Malaysia.

Allocate is quoted on the London Stock Exchange (AIM: ALL).

This information is provided by RNS

The company news service from the London Stock Exchange

END

RAGBJBATMBBTBMT