16 Dec 2009 11:02
For immediate release
16 December 2009
INTELLEGO HOLDINGS PLC
('Intellego' or 'the Company')
PLACING
The Directors of Intellego are pleased to report the placing of 42,900,000 new ordinary shares of 0.05p each at 0.35p per share, to raise £150,150 before expenses ("the Placing") with clients of Rivington Street Corporate Finance. The proceeds will be used for general working capital purposes.
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 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.
The Directors of the Company intend to subscribe for shares to the total value of £20,020 on the same terms as outlined above.
--ENDS--
For further information:
Intellego Holdings plc
Angus Forrest / Ranjit Roy Choudhuri
0845 058 3960
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.