16 Dec 2009 11:20
For immediate release
16 December 2009
INTELLEGO HOLDINGS PLC
('Intellego' or 'the Company')
DIRECTORS' DEALINGS
Further to the announcement made earlier today, Intellego is pleased to announce the Directors' subscription for 5,720,000 new ordinary shares of 0.05p each at 0.35p per share under the placing announced earlier today ("the Placing"), which will raise a total of £150,150 before expenses and will be used by the Group for general working capital purposes.
Following the Placing, the Directors' shareholdings will be as follows:
| Placing shares | Shareholding following placing | Percentage issued shares following placing | |
| Angus Forrest | 4,290,000 | 12,510,234 | 5.98 |
| Bruce Leith | 1,430,000 | 2,430,000 | 1.16 |
The Placing is conditional on admission to trading on AIM of the new ordinary shares. Application will be made to the London Stock Exchange for the 42,900,000 new ordinary shares, which will rank pari passu with all existing ordinary shares, to be admitted to trading on AIM. Admission is expected to become effective and dealings to commence on or around 21 December 2009. Following admission of these shares, there will be a total of 209,213,350 ordinary shares in issue.
--ENDS--
For further information:
Intellego Holdings plc
Angus Forrest / Ranjit Roy Choudhuri
0845 0583960
Beaumont Cornish Limited
Roland Cornish
020 7628 3396
Bishopsgate Communications Limited
Tel: 020 7562 3350
Maxine Barnes / Robyn Samuelson
NOTES TO EDITORS
About Intellego
Intellego is a leading provider of content-driven training solutions, blended learning a mix of e-learning and instructor lead training, to regulated industries and distributed workforces. Focus areas include custom e-learning and training for Retail, Finance, Pharmaceutical, and Healthcare Industries.