NASA.L Regulatory News (NASA)

6 May 2008 15:37

Nasstar PLC06 May 2008 06 May 2008 Nasstar PLC ("Nasstar" or "the Company", AIM:NASA) Issue of Equity The Company announces that an application has today been made for the admissionof 205,128 new Ordinary Shares of 1p each to trading on AIM with admissionexpected to occur on 12 May 2008. Of these 128,205 Ordinary Shares will be issued to Lord Daresbury, Chairman ofNasstar plc as part of his share based remuneration and 76,923 Ordinary Shareswill be issued to Kevin Bird as part of the conditional deferred considerationin relation to the acquisition of Virtual Email following the achievement ofsales targets for Virtual Email. Following the issue of these Ordinary Shares, the Company will have 14,676,556ordinary shares in issue. Lord Daresbury's will hold 2,262,729 Ordinary Shares,representing 15.4% of the Company's issued share capital. Of these 158,205Ordinary Shares are held personally, 942,857 Ordinary Shares are held byNortrust Nominees Limited and 1,161,667 Ordinary Shares are held by SavernakeHoldings (D) Limited. Mr Bird will hold 1,283,545 Ordinary Shares, representing8.8% of the Company's issued share capital. The above figure may be used by shareholders as the denominator for thecalculations by which they will determine if they are required to notify theirinterest in, or a change to their interest in, the Company. Contact information Nasstar plc Charles Black, Chief Executive 020 7148 5000 - Telephone W.H. Ireland Limited, Nominated Adviser to Nasstar plc Nicola Rayner 0121 265 6330- Telephone About Nasstar plc Nasstar's service enables subscribers to do all of their computing in theinternet cloud, with access to their desktop, files, applications and email overthe internet rather than on-premise. Cloud computing is a highly scalableservice that provides benefits including anywhere access to computing andprovides an alternative to traditional locally installed on-premise computing. Nasstar was founded in 1998 by Charles Black. Nasstar plc was admitted totrading on the London Stock Exchange Alternative Investment Market in December2005 (AIM: NASA). For further information please visit www.nasstar.com. For Investor Relationsvisit www.nasstar.com/ir This information is provided by RNS The company news service from the London Stock Exchange