26 Mar 2007 13:15
For immediate release: 26 March 2007
iPoint-media plc ("iPoint" or the "Company") Additional Listing iPoint raises approximately ‚£1.4 million to expand marketing operations and increase product development
iPoint, a provider of 3G/IP video interactive application platforms, is pleased to announce that it has raised approximately ‚£1.4 million to continue the expansion of its marketing and customer support teams and product development ability in response to recent commercial successes with its strategic partners such as IBM Corporation, with whom the Company signed a commercial teaming agreement earlier this month.
As such it has agreed to issue and allot 4,180,000 new ordinary shares in the capital of the Company at 33p per share. The allotment and issue is conditional on admission of the Shares to trading on AIM.
In addition, the Company has received, since 22 March 2007, further valid acceptances of the Offer in respect of 70,500 shares in the capital of ANV representing, approximately 0.08 per cent. of ANV's total issued share capital. Accordingly iPoint has issued, conditional on admission, 8,951 new ordinary shares of 0.25p each.
iPoint has now received valid acceptances of the Offer in respect of a total of 84,543,171 shares in the capital of ANV representing, approximately 97.84 per cent. of ANV's total issued share capital.
Application has been made for a total of 4,188,951 to be admitted to AIM and it is expected that dealings in these shares will commence on 29 March 2007.
Following the admission of these shares the Company will have 107,726,923ordinary shares in issue.For Further Information:iPoint-media plc +(0) 972 544 450 667 Muki Geller +44 (0) 20 7330 6800 Clive Garston John East & Partners Limited +44 (0) 20 7628 2200 David Worlidge/Bidhi Bhoma Hansard Group Andrew Tan +44 (0) 20 7245 1100
IPOINT MEDIA PLC