![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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:4024J Innovation Group PLC 31 March 2003 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR IRELAND FOR IMMEDIATE RELEASE 31 March 2003 THE INNOVATION GROUP PLC (the "Company") Result of Rights Issue The Company announces that the 1 for 1 rights issue of up to 198,680,665 new Ordinary Shares at 5 pence per share, as detailed in the prospectus published by the Company on 14 February 2003, closed at 9:30 a.m. on 28 March 2003. Valid acceptances have been received in respect of 155,026,413 Rights Shares from Qualifying Shareholders, which represents an aggregate take-up of Rights Shares of approximately 78.03 per cent. This figure includes 41,318,585 Rights Shares subscribed pursuant to irrevocable undertakings from each of the Directors (and their associates) to take up their rights. It has not been possible to procure, nor does KBC Peel Hunt, as underwriter, consider there to be a prospect of procuring, at a price (net of expenses) in excess of the Issue Price, subscribers for those Rights Shares for which valid acceptances were not received. Accordingly, KBC Peel Hunt or its sub-underwriters will be required to subscribe at the Issue Price of 5 pence per share the balance of 43,654,252 Rights Shares for which valid acceptances were not received. There are therefore no net proceeds which fall to be distributed to the Qualifying Shareholders who did not take up their entitlements in accordance with the terms of the Rights Issue. It is expected that definitive share certificates in respect of the Rights Shares will be despatched by 7 April 2003. New Ordinary Shares are being credited to CREST accounts today. Directors' shareholdings Following the Rights Issue, and as notified to the Company today by each of the Directors, the shareholdings of the Directors are as follows: Director No. of shares Total holding % of issued acquired share capital Edward Ossie 500,000 1,000,000 0.25% Hassan Sadiq 2,829,329 5,342,348 1.34% Stephen Scott 6,114,286 12,228,572 3.08% Paul Smolinski 217,000 434,000 0.11% Geoffrey Squire 2,107,899 2,231,672 0.56% Robert Terry 34,122,188 65,972,695 16.60% Terms in this announcement shall bear the same meaning, unless the context otherwise requires, as defined in the Prospectus. Enquiries: The Innovation Group plc Hassan Sadiq 01489 898300 Paul Smolinski KBC Peel Hunt Ltd Simon Hayes 020 7418 8900 Jonathan Marren Weber Shandwick Square Mile Sara Musgrave 020 7067 0700 Katie Hunt KBC Peel Hunt is acting for the Company, and no one else, in connection with the Rights Issue and will not be responsible to any other person for providing the protections afforded to its clients or for providing advice in relation to the proposed Rights Issue. This announcement does not constitute or form part of, and should not be construed as, an offer for sale or subscription of, or solicitation of an offer to buy or subscribe for, any securities of The Innovation Group plc nor should it, or any part of it, form the basis of, or be relied on in connection with any contract or commitment whatsoever. Any decision in connection with the Rights Issue should be made solely on the basis of the information contained in the Prospectus. This announcement is not for publication or distribution or release, directly or indirectly, in the United States, Canada, Japan, Australia, South Africa or Ireland. This announcement does not constitute or form any part of any offer to sell, issue or to acquire any securities of the Company in the United States, Canada, Japan, Australia, South Africa, Ireland or in any other jurisdiction. Neither the Company's new Ordinary Shares, Fully Paid Rights nor the Provisional Allotment Letters are being or will be registered under the US Securities Act of 1933, as amended (the 'Securities Act') and may not be offered or sold in the United States (as such term is defined in Regulation S under the Securities Act) at any time except pursuant to the terms of an applicable exemption under the Securities Act and applicable securities laws of the states of the United States. This information is provided by RNS The company news service from the London Stock Exchange END ROISDFFSFSDSEED
1 Year Team Internet Chart |
1 Month Team Internet Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions