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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Intechnology | LSE:ITO | London | Ordinary Share | GB0001388932 | 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% | 24.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:3350O InTechnology PLC 24 July 2000 InTechnology plc ("InTechnology" or "the Company") Result of Extraordinary General Meeting Completion of the acquisition of VData and HOLF Technologies Limited (trading as Storm) ("the Acquisitions") The Board of Intechnology is pleased to announce that, at an Extraordinary General Meeting of the Company held earlier today, the resolutions to effect a capital reorganisation of the Company (the "Capital Reorganisation"), to increase the authorised share capital of the Company, to grant authority to allot shares and to approve the Acquisitions, inter alia, on the terms set out in the prospectus sent to shareholders on 30 June 2000 (the "Prospectus"), were duly passed. All the conditions attaching to the Acquisitions have been satisfied, subject to the re-admission to trading on the Alternative Investment Market of the London Stock Exchange ("AIM") of the existing ordinary shares of the Company (as converted pursuant to the Capital Reorganisation) and the admission to trading on AIM of the new ordinary shares of the Company being issued pursuant to the Acquisitions ("the Consideration Shares") and of the new ordinary shares of the Company, on a nil paid basis, being issued pursuant to the rights issue of up to 6 million new ordinary shares ("the Rights Issue Shares"). The total consideration for the Acquisitions of #165 million has been satisfied by the issue of 103,552,904 Consideration Shares and #9.7 million in cash (which will be paid following completion of the rights issue). David von Simson will step down as non-executive chairman and become a non-executive director of the Company and Christopher Akers and Rodger Sargent will resign from the board with effect from 8.00 a.m. on 25 July 2000. The Rt. Hon. Lord Parkinson will become non-executive chairman of the Company and Peter Wilkinson, Andrew Kaberry, Stephen Pearce, Philip Taysom and Bryn Sage will become executive directors of the Company with effect from 8.00 a.m. on 25 July 2000. Provisional allotment letters in respect of qualifying shareholders' entitlements to Rights Issue Shares will be posted today, in accordance with the Prospectus. It is expected that dealings in the Consideration Shares and, on a nil paid basis, in the Rights Issue Shares will commence, and that dealings in the existing ordinary shares (as converted pursuant to the Capital Reorganisation) will re- commence, on 25 July 2000. The latest time and date for acceptance and payment in full under the Rights Issue is 3.00p.m. on 14 August 2000. Enquiries: Intechnology ---------------- Andrew Kaberry 01423 877 440 WestLB Panmure --------------------- Lucy Tilley / Mark Lander 020 7638 4010
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