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26 Mar 2013 11:44
Chime Communications plc
26 March 2013
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 ICON, deferred consideration has become payable to the value of £8,000,000. Under the terms of the agreement the Company will satisfy half of this amount by the issue of 1,494,501 ordinary shares of 25 pence each ("Shares").
Furthermore, as a result of the achievement of the profit targets set under the original agreement to acquire iLUKA, deferred consideration has become payable to the value of £8,092,364. Under the terms of the agreement the Company will satisfy half of this amount by the issue of 1,530,322 ordinary Shares of 25 pence each.
Application has therefore been made to the Financial Services Authority and the London Stock Exchange plc for 3,024,823 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 will commence on 2 April 2013. The Shares will rank pari passu with the Company's existing issued Shares.
The issued share capital of the Company is currently 82,113,895 Shares each with voting rights. Therefore, following admission of the new 3,024,823 Shares, the issued share capital of the Company on 2 April 2013 will be 85,138,718 Shares each with voting rights.
For further information, please contact:
Mark Smith 020 7096 5833
Finance Director
Robert Davison 020 7096 5860
Company Secretary
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