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30 Sep 2009 07:00
30 September 2009
Interior Services Group plc
Additional Listing
The Board of Interior Services Group plc ("the Company") announces that it has issued 2,107,038 ordinary shares of 1p each in the Company ("Ordinary Shares") in respect of deferred consideration due on the acquisition of Pearce Group Limited and its subsidiaries. The Ordinary Shares are subject to a lock-in arrangement enabling them to be sold in three equal tranches, following the first date of issue, over the next 3 years.
The Ordinary Shares were issued at a price of £1.1865 each, being the average closing mid-market price as quoted on the AIM market of the London Stock Exchange plc on each of the 10 business days up to and including 29 April 2009 in accordance with the Sale and Purchase Agreement dated 12 November 2007.
Application has been made to the London Stock Exchange for the new Ordinary Shares to be admitted to AIM and it is expected that admission will take place on 5 October 2009. The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following admission the total issued share capital of the Company will be 33,157,597.
Enquiries
Interior Services Group plc
Jared Cranney, Company Secretary
Tel: 020 7392 5339
Ends
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