Ten Alps Communications PLC
19 October 2001
Ten Alps Communications plc ('Ten Alps' or 'the Company')
Further re Acquisition of Pacesetter
Further to the announcement made on Wednesday 17 October, the directors of Ten
Alps are pleased to announce the completion of the acquisition of events
company Pacesetter Holdings Limited and its trading subsidiary, Pacesetter
Associates Limited.
Application has today been made for admission of the 4,891,304 new ordinary
shares of 2p each in the Company, issued as consideration for Pacesetter
Holdings Limited, to trading on the Alternative Investment Market of the
London Stock Exchange. The shares will rank pari passu with the existing
ordinary shares of the Company. Dealings are expected to commence in the new
ordinary shares on 25 October 2001.
As part of the acquisition agreement, the vendors of Pacesetter Holdings
Limited have undertaken not to dispose of any of the initial consideration
shares for a period of one year from today, except in certain limited
circumstances.
For further information please contact:
Sheila Gunn MBE
Brown Lloyd James
Tel: 0207 591 9610
e-mail: sheilag@blj.co.uk
Alex Connock
Chief Executive
Ten Alps Communications plc
Tel: 0207 627 4190
e-mail: Alex@10Alps.com