rns16 Dec 2010 22:31
GoIndustry-DoveBid plc / Index: AIM / Epic: GOI / Sector: Support Services
16 December 2010
GoIndustry-DoveBid plc ('the Group')
Issue of new share
GoIndustry-DoveBid plc, the global provider of asset advisory, disposition and valuations services, announces that the application has been made for admission of one new ordinary share of 1p in the Company's share capital (the "Ordinary Share") to trading on AIM ("Admission"). The purpose of the issue of the Ordinary Share is to raise 1 pence to fund the repurchase of the 9,798,493 deferred shares of 99p each (the "Deferred Shares") created in the Company's restructuring of its share capital approved by the annual general meeting on 23 June 2010.
Following Admission, which is expected to become effective on 22 December 2010, a total of 9,798,494 ordinary shares of 1p each will be in issue. The Deferred Shares are expected to be repurchased on 22 December 2010 and to be cancelled immediately.
**ENDS**