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7 Apr 2011 17:24
Chime Communications PLC
07 April 2011
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 Stuart Higgins Communications Limited, deferred consideration has become payable to the value of £1,290,727. Under the terms of the agreement the Company will satisfy half of this amount by the issue of 243,874 ordinary shares of 25 pence each ("Shares") based on the average share price of the last 30 business days prior to 31 March 2011.
Application has therefore been made to the Financial Services Authority and the London Stock Exchange plc for 243,874 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 12 April 2010. The Shares will rank pari passu with the Company's existing issued Shares.
The issued share capital of the Company is currently 73,586,429 Shares each with voting rights. Therefore, following admission of the new 243,874 Shares and following the admission of 6,423,793 shares referred to in the announcement made yesterday, 6 April 2011 (to be admitted on 11 April 2011), the issued share capital of the Company on 12 April 2011 will be 80,254,096 Shares each with voting rights.
For further information, please contact:
Lord Bell 020 7861 8515
Chairman
Mark Smith 020 7861 8515
Finance Director
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