Business
Capital Reorganisation
Capital Reorganisation.
About this update from Ingenta Plc
[{"type":"text","content":"\n RNS Number : 7994Y Publishing Technology PLC 10 July 2008 \nPublishing Technology plc (\"Publishing Technology\" or the \"Company\")\n\nProposed Capital Reorganisation\n\nAs announced on 1 July 2008, the Board of Publishing Technology is proposing a capital reorganisation of its Ordinary Share Capital (the \"Reorganisation\") at its forthcoming General Meeting to be held on 24 July 2008.\n\nThe Reorganisation, if passed, will result in the consolidation of every 100 existing ordinary shares of 0.1p each into one New Ordinary Share of 10p. The number of new ordinary shares in issue following the Reorganisation will be 8,413,610 being 841,361,040 divided by 100\n\nAfter the implementation of the Reorganisation the nominal value of each New Ordinary Share will be one hundred times that of each Existing Ordinary Share but otherwise, each New Ordinary Share will have the same rights (including voting and dividend rights and rights on a return of capital) as each Existing Ordinary Share has at present.\n\nAssuming the resolution is passed, the Reorganisation of the Company's issued share capital, as set out in the Notice of General Meeting, will take place at the close of business on 24 July 2008. Accordingly, 24 July 2008 is the record date for the proposed Reorganisation.\n\nApplication will be made for the new ordinary shares to be admitted to trading on AIM. It is expected that Admission will become effective at 8am on Friday 25 July 2008 whereupon the Reorganisation will become effective.\n\nThe new ISIN of the New Ordinary Shares of 10p each will be: ISIN - GB00B3BDTG73.\n\n\n\nFor further information please contact:\n\n\nPublishing Technology PLC\nGeorge Lossius/Alan Moug 01865 397800\n \nFinnCap, nominated adviser\nGeoff Nash/Rose Herbert 020 7600 1658\n\nThe Communication Group plc \nRichard Evans &nb...