Chairman Supports Mobile Banking Placing

 

TIDMIEN 
 
RNS Number : 2427H 
Intelligent Environments Group PLC 
17 February 2010 
 

 
 
 
 
 
IEN.L 
 
                       Intelligent Environments Group plc 
 
                            ("IE" or the "Company") 
 
                  Chairman supports mobile banking fund raising 
 
Intelligent Environments Group plc (AIM Ticker: IEN), the online software 
provider for financial services, is pleased to announce that Clive Richards, the 
non-executive chairman of iE, is taking up 2,300,057 ordinary shares in the 
Company at 9.00p per share and following the placing his interest in the Company 
will be 24,763,056 shares which represents approximately 14.14% of the issued 
share capital of the Company. 
 
IE's Chairman Clive Richards commented:- 
 
"This placing, which I am delighted to support, gives the Company the financial 
resources to complete the first version of its mobile banking platform and 
support its marketing launch in the UK. It is our intention not only to secure 
orders from our existing customers for this new product, but also widen our 
market reach. This is a very exciting time for the Company and I look forward to 
reporting our progress in due course." 
 
 
Enquiries: 
+-----------------------------+--------------+--------------+ 
| Phillip Blundell, Chief     | IE plc       | +44 (0)20    | 
| Executive                   |              | 8614 9800    | 
+-----------------------------+--------------+--------------+ 
| Charles Cunningham, NOMAD   | FinnCap      | +44 (0)20    | 
| and Broker                  |              | 7600 1658    | 
+-----------------------------+--------------+--------------+ 
| Shane Dolan                 | Biddicks     | +44 (0)20    | 
|                             |              | 7448 1000    | 
+-----------------------------+--------------+--------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCEAKAKFDNEEFF