Business
Issuance of Ordinary Shares
Issuance of Ordinary Shares.
About this update from Tavistock Investments Plc
[{"type":"text","content":"\n \nRNS Number : 2113G SocialGO plc 27 June 2012 \n \n\nSocialGO plc\n(\"SocialGO\" or the \"Company\")\n \nIssuance of Ordinary Shares\nThe Company has today issued 2,500,000 Ordinary Shares to First Columbus LLP, Broker to the Company. 5,833,333 Ordinary Shares have also been issued to the vendors of Get On With It Limited ('GOWIT'), which includes two SocialGO Directors, pursuant to the acquisition of GOWIT by the Company as was announced by the Company on 24 December 2009.\nIssue of Ordinary Share to First Columbus LLC\nThe company issued 2,500,000 new Ordinary Shares at a price of 1p to First Columbus LLC in settlement of annual broker fees. \nIssue of Ordinary Shares to the vendors of GOWIT\nAs was announced by the Company on 24 December 2009 the vendors of GOWIT, including two SocialGO plc Directors, are entitled to awards of Ordinary Shares pursuant to the acquisition of GOWIT by the Company. A total of 5,833,333 Ordinary Shares have now vested in favour of the vendors of GOWIT, 5,219,298 of which have now vested in favour of SocialGO Directors under these awards as follows:\n\n\n\n\nName of Director\n\n\nPosition of Director\n\n\nNumber of Ordinary Shares vested 12 January 2012, issued 26 June 2012\n\n\nRemaining Ordinary Shares to be issued between 12 January 2013 and 12 January 2014 under the GOWIT acquisition agreement\n\n\n\n\nAlex Halliday\n\n\nNon-Executive Director\n\n\n2,763,158\n\n\n5,526,316\n\n\n\n\nSteve Hardman\n\n\nCOO\n\n\n2,456,140\n\n\n4,912,280\n\n\n\n\nFollowing this award, Mr Halliday now holds 22,518,748 Ordinary Shares in the Company, representing 4.96% of the enlarged issued share capital.\nFollowing this award, Mr Hardman now holds 20,713,482 Ordinary Shares in the Company, representing 4.57% of the issued share capital.\nApplication has been made for the admission of 8,333,333 Ordinary Shares to be admitted to trading on AIM. Admission is expected to occur on 2 July 2012.\nShare Capital\nPursuant to the issuance of the Ordinary Shares in connection with the Placing, to First Columbus LLC and to the vendors of GOWIT, the Company will have 453,678,073 Ordinary Shares in issue.\n \n\n\n\n\nSocialGO plc\n\n\n\n\n\n\n\nDominic Wheatley, Chairman\nNeil Goodall, CEO\n\n\nTel: +44 (0)845 299 7289\nwww.socialgoplc.com\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nDeloitte LLP...