21 Mar 2012 07:00
Toumaz Limited
Issue of Equity
Toumaz Limited (AIM: TMZ, 'Toumaz', or 'the Company'), a pioneer in low cost, ultra low power wireless communications technology, is pleased to announce that, further to the announcement of 16 February 2012, the Company has today completed, conditional upon Admission, the exchange of Imagination Technologies Group plc's (LSE:IMG, 'Imagination') interest in the Company's Toumaz Microsystems subsidiary for 57,142,857 new Ordinary Shares ('Exchange Shares') of the Company.
The terms of the Exchange (as defined and described in the Company's announcement of 13 February 2012) have not been changed from those previously notified.
Application has been made for admission to trading on AIM of the Exchange Shares and this is expected to be effective from 22 March 2012.
Subsequent to issue of the Exchange Shares, the Company's total issued share capital will be 815,460,846 Ordinary Shares. Toumaz holds no shares in treasury. Therefore, the total number of voting rights in Toumaz is 815,460,846.
The above figure 815,460,846 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Toumaz under the FSA's Disclosure and Transparency Rules.
For Further Enquiries:
Patrick Stephansen | Toumaz | Tel: +44 (0) 7979 77879 |
Geoff Nash/Henrik Persson | FinnCap | Tel: +44 (0) 207 600 1658 |