CLL.L Regulatory News (CLL)

17 Apr 2008 07:00

Cello Group plc17 April 2008 Cello Group plc (the "Group" or the "Company") Additional listing / TVR The Company announces that on 16 April 2008 it resolved to issue 5,650,026 newordinary shares of 10p each to vendors and certain employees of the Group. Theseshares are to be issued as deferred consideration under the terms of the sharepurchase agreements with Insight Research Group Limited, Silvermills GroupLimited, Tangible Communications Limited, Hill Murray Group Limited and TargetDirect Holdings Limited, all wholly owned subsidiaries of the Company. This issuance constitutes the settlement of all of the 2008 earn out liabilitiesthat were detailed within the recent results announcement on 18 March 2008 whenthe Group announced its final results for the year ended 31 December 2007. Application has been made for these shares to be admitted to trading on AIM andadmission is expected to occur on 22 April 2008. The Company's issued share capital, following admission of the 5,650,026deferred consideration shares, will be 44,561,603 ordinary shares of 10 penceeach ("Ordinary Shares"), all with voting rights. The Company holds 80,000Ordinary Shares in treasury at the date of this announcement. The total numberof current voting rights in the Company will therefore be 44,481,603 shares. The above figure (44,481,603 Ordinary Shares) may be used by shareholders as thedenominator for the calculation by which they will determine if they arerequired to notify their interest in, or a change in their interest in, theCompany under the FSA's Disclosure and Transparency Rules. Enquiries: Cello Group plcMark Bentley, Group Finance Director +44 (0) 20 7812 8460 Kaupthing Singer & Friedlander Capital Markets LtdNicholas How/Marc Young +44 (0) 20 3205 7500 This information is provided by RNS The company news service from the London Stock Exchange