Further Issue of Equity

    RNS Number : 2723G
  Bright Things plc
  21 October 2008
   




    Bright Things Plc
    ('Bright Things' or the 'Company')
    Issue of Equity

    Bright Things Plc is pleased to announce that further to the announcement made on 30 September 2008, the Company has raised a further
£50,000 through a conditional subscription for 4,000,000 new ordinary shares ("the Shares") together with 2,000,000 warrants at 1.25 pence
per share ("the Subscription") on the same terms as the placing announced on 30 September (the "Placing").

    The additional finance has been raised from employees of Get On With It Limited, a company that is contracted by Bright Thing's wholly
owned subsidiary, Commonworld Limited, to complete the development of the SocialGo, the Company's software product offering that allows
users to create their own private social network.

    As with the Placing, the Subscription is conditional upon, amongst other things, the passing of the relevant resolutions at the Annual
General Meeting. The Shares will rank pari-passu with the existing ordinary shares. Application has been made for the Shares to be admitted
to AIM and are expected to be admitted to trading on AIM on 24 October 2008. 

    Following the Placing and the Subscription, there will be 127,676,328 ordinary shares in issue.

    Dominic Wheatley commented:

    "We are delighted that key staff who are managing and helping to develop our innovative new product have decided to invest in Bright
Things. This demonstrates their belief in the product, and gives them a real interest in the success of the Company."

    For more information please see www.brightthings.com 

    Bright Things PLC                           0870 351 7770

    Dominic Wheatley, CEO

    Edward Levey, Finance Director

    HB Corporate

    Luke Cairns/ Rory Creedon            Tel: [phone]

    Brunswick Group

    Giles Croot / Mark Antelme,            Tel: [phone]





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