Business
Issue of Shares
Issue of Shares.
About this update from Zinc Media Group Plc
[{"type":"text","content":"\n RNS Number : 7234W Ten Alps PLC 03 August 2009 \n \nPress Release 3 August 2009\n\nTen Alps plc\n\nIssue of Shares\n\nTen Alps Plc (AIM:TAL) ('Ten Alps') the factual media company, has issued 775,610 ordinary shares of 2p each ('New Shares') as part of the deferred consideration for the acquisition of DBDA, a business providing corporate social responsibility factual content.\n\n As announced by Ten Alps on 18 June 2007, the acquisition of DBDA included deferred consideration based on the performance of DBDA over the subsequent 2.5 years.\n\nTen Alps is pleased to report that DBDA has performed significantly above the top tier of those initial expectations. \n\nDBDA management have chosen to take partial payment of the deferred consideration in Ten Alps equity, with the remainder settled in cash. \n\nApplication has been made for the admission of the 775,610 New Shares to trading on AIM, which is expected to occur on 7 August 2009, and which will rank pari passu with existing ordinary shares in the Company.\n\nFollowing admission to trading of the New Shares, Ten Alps will have an issued share capital of 64,689,686 Ordinary Shares of 2 pence each.\n\n\n\n\n\n\n\nTen Alps plc \n\n\n\n\n\n\n\nAlex Connock, CEO \n\n\nTel: +44 (0) 20 7878 2311\n\n\n\n\nc/o Moira McManus\n\n\n\n\n\n\n\nwww.tenalps.com\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGrant Thornton, Nominated Adviser\n\n\nTel: +44 (0) 20 7383 5100\n\n\n\n\nFiona Owen / Robert Beenstock\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCanaccord Adams, Broker\n\n\n\n\n\...