CHW.L Regulatory News (CHW)

6 May 2008 17:30

Chime Communications PLC06 May 2008 Chime Communications PLC ("the Company") Additional Listing The Company announces that as a result of the achievement of the profit targets set under the original agreement to acquire VCCP Limited, deferred considerationhas become payable to the value of £15,500,000. Half of this sum is payable by way of the issue Loan Notes with the other half payable by way of the issue of shares. The Company has agreed to satisfy approximately 25% of the share consideration in cash and by the issue from treasury of shares bought in the market for the purpose. Application has therefore been made to the Financial Services Authority and the London Stock Exchange plc for 18,914,297 ordinary shares of 5p each ("Shares") to be admitted to the Official List of the UKLA and to trading on the London Stock Exchange. It is expected that the Shares will be admitted and trading willcommence on 12 May 2007. The Shares will rank pari passu with the Company's existing issued ordinary shares. Under the terms of the acquisition agreement dated 28 June 2005 the Vendors of VCCP Limited have achieved the maximum earnout under the agreement and there areno further payments to be made. For further information, please contact: Lord Bell 020 7861 8515Chairman Mark Smith 020 7861 8515Finance Director This information is provided by RNS The company news service from the London Stock Exchange