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Last checked at 
10 Jun 2009 15:48
RNS Number : 6982T
OMG PLC
10 June 2009
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OMGΒ plcΒ (theΒ "Company")
Additional ListingΒ
The Company announces that in accordance with the Asset Purchase Agreement (βAgreementβ) with Mobile Video Services Inc (βMVSβ), the Company has issued 603,260 ordinary shares of 0.25 pence each in the Company (βOrdinary Sharesβ) to MVS, to satisfy $250,000 out of a deferred consideration commitment of $637,605 (with the balance payable in cash). The deferred consideration relates to the acquisition of the trade and assets of MVS by the Company in April 2008. As required under the Agreement, the Ordinary Shares were issued at an effective price of 25.70 pence, based on the average closing price for the 10 days prior to the issue.
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The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company. Application has been made for the new Ordinary Shares to be admitted to trading on the London Stock Exchangeβs AIM market (βAdmissionβ) and it is expected that Admission will become effective on 16 June 2009.
TheΒ totalΒ issuedΒ share capital of the Company followingΒ the issue of theΒ newΒ Ordinary SharesΒ will consistΒ ofΒ 65,793,426, all withΒ equalΒ voting rights.Β
10Β June 2009
ENQUIRIES:
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OMG plc |
Tel +44 (0) 1865 261800 |
|
Nick Bolton, CEO |
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|
David Deacon, CFO |
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|
Evolution SecuritiesΒ |
Tel +44 (0) 20 7071 4300 |
|
Jeremy Ellis |
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|
Sam Plumptre |
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This information is provided by RNS
The company news service from the London Stock Exchange
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