24 Oct 2013 07:00
24 October 2013
@UK plc
("@UK" or the "Company")
ISSUE OF EQUITY and OPTIONS,
TOTAL VOTING RIGHTS
@UK plc (AIM: ATUK) the cloud eCommerce marketplace, announces the following issue of new ordinary shares of 1p each in the Company ("Shares") and options over Shares:
(1) 679,312 Shares pursuant to the exercise by certain @UK employees of options to subscribe for Shares at 3.5p per Share.
(2) 30,000 Shares for the foreground IPR rights resulting from the KTP Project between Goldsmiths and @UK plc that was successfully completed in 2009.
(3) 300,000 Shares to certain employees in lieu of remuneration and calculated at 33p per Share. These Shares are to be released on performance criteria.
Application has been made for the admission to trading on AIM ("Admission") of the 1,009,312 new Shares detailed above, and Admission is expected to occur on 29 October 2013.
Following Admission, the Company shall have 107,191,099 Ordinary Shares in issue, each with voting rights (which figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules).
Enquiries:
@UK PLC Tel: 0118 963 7000
Ronald Duncan, Chairman
Westhouse Securities Limited Tel: 020 7601 6100
Tom Griffiths/Richard Johnson
Newgate Threadneedle Tel 020 7653 9850
Caroline Evans-Jones/Alex White
About @UK PLC
@UK is Europe's leading transactional Cloud Platform with over 1 million users. The platform supports B2B eCommerce and eProcurement across a range of public and private sector organisations providing a secure, controlled transactional environment for B2B trading. The technology is unique in the B2B market, in that it delivers the B2C internet shopping experience in a business environment. The platform has been rebranded to cloudBuy.com for global expansion with Visa and partner banks. The platform is PCI DSS accredited, providing secure, integrated financial transactional capability, delivering savings to both the buyer and the supplier through greater accounts payables accuracy, reduction of manual processes and elimination of paper.
@UK provides an immediate business case using SpendInsight. SpendInsight was developed to recognize, match and classify products and services, providing buyers with greater visibility to spend data, and supports the identification of cashable savings, through unique product level matching artificial intelligence. Combined with Visa analysis to identify the level of potential card rebate to
fund the B2B ecommerce platform.
For more information, visit www.cloudbuy.com