ATA Group PLC
23 October 2000
ATA Group Plc ('ATA Group ' or the 'Group')
Placing of new ordinary shares
The Board is pleased to announce that ATA Group has
raised £1.36 million through a placing, by Teather &
Greenwood Limited, of 1,600,000 new ordinary shares of 1p
each with institutional investors. The placing
represents 19.8 per cent. of the enlarged issued share
capital of the Group and all the shares were issued at
85p per share, a premium to the closing middle market
price of 83.5p per share on 20 October 2000.
The proceeds raised through the placing will be used for
the consideration payable to the vendors of Catalis Group
Limited as outlined in the circular to shareholders dated
13 October 2000.
The new ordinary shares will rank pari passu with the
existing ordinary shares of the Company. Application
will be made for the new shares to be admitted to trading
on AIM and dealings are expected to commence on 8
November 2000.
For further information contact:
Bill Douie
Clive Chapman
ATA Group Plc 0117 924 1600
Richard Thompson
Teather & Greenwood Limited 020 7426 9000