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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Team Internet Group Plc | LSE:TIG | London | Ordinary Share | GB00BCCW4X83 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.40 | 0.76% | 185.20 | 184.40 | 185.60 | 186.60 | 183.20 | 186.60 | 95,595 | 16:29:51 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Business Consulting Svcs,nec | 836.9M | 24.3M | 0.0894 | 20.72 | 499.46M |
RNS Number:4343Q Innovation Group PLC 02 October 2003 For immediate release 2nd October 2003 THE INNOVATION GROUP PLC Allocation of TIG Shares The Innovation Group plc ("TiG" or "Company") (LSE; TIG.L) today announces that it has exercised its option to acquire the balance of the shares in Corporate Warranty Administrators (Proprietary) Limited ("CWA") as anticipated in the announcements of 4th May 2001, 20th December 2002 and 1st April 2003. Accordingly, TiG has today allotted 193,968 new Ordinary Shares of 2p each in the capital of the Company ("TiG Shares") in consideration for CWA shares. TiG paid #5 million in cash for its 50.001 per cent stake in May 2001, issued 636,617 shares to increase its stake to 78.3 per cent in December 2002, and issued a further 193,965 shares to increase its stake to 88.95 per cent in April 2003. Additionally, TiG also announces that it has allotted a further 6,269,592 new TiG Shares as the second instalment of deferred consideration for the acquisition of InterX Technology as anticipated in the announcements of 17th April 2002 and 1st April 2003. TiG paid #1,305,275 at the time of acquisition. The deferred consideration was #4 million, payable in equal instalments on 1st April 2003, 1st October 2003, 1st April 2004 and 1st October 2004 and possible additional deferred consideration based on InterX software licence sales above a certain level. However, the Directors do not believe that any additional deferred consideration will be due. Application will be made to the Official List of the UK Listing Authority and to the London Stock Exchange for admission of the new TiG Shares to the Official List and to trading on the London Stock Exchange's markets for listed securities in due course. It is expected that dealings in the new TiG Shares, which will rank pari passu in all respects with the existing ordinary share capital of TiG, will commence on 6th October 2003. The total number of shares in issue following this allocation of shares will be 420,492,364 Enquiries: The Innovation Group plc 01489 898300 Paul Smolinski, Group Finance Director KBC Peel Hunt 020 7418 8900 Simon Hayes Weber Shandwick Square Mile 07884 494112/020 7067 0700 Sara Musgrave / Katie Hunt This information is provided by RNS The company news service from the London Stock Exchange END IOEMBBRTMMTMBMJ
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