CHW.L Regulatory News (CHW)

16 May 2007 15:28

Chime Communications PLC16 May 2007 Chime Communications PLC16 May 2007 Chime Communications PLC ("the Company") Additional Listing The Company announces that as a result of the achievement of the profit targetsset under the original agreement to acquire De Facto Communications Limited,initial deferred consideration has become payable to the value of £1,287,877.26;half of this sum is payable by way of the issue of shares with the other halfpayable by way of the issue of loan notes. Application has therefore been madeto the Financial Services Authority and the London Stock Exchange plc for1,128,727 ordinary shares of 5p each ("Shares") to be admitted to the OfficialList of the UKLA and to trading on the London Stock Exchange. It is expectedthat the Shares will be admitted and trading will commence on 17 May 2007. TheShares will rank pari passu with the Company's existing issued ordinary shares. The next payment will not be due until April 2009 and will be subject to the achievement of further profit targets. Under the terms of the acquisition agreement dated 31 December 2004 there are aggregate deferred payments to be made up to a maximum of £2 million. For further information, please contact:Lord Bell 020 7861 8515Chairman Christopher Satterthwaite 020 7861 8515Chief Executive Officer This information is provided by RNS The company news service from the London Stock Exchange