17 Sep 2013 07:00
17 September 2013
Coms plc
("Coms" or the "Company")
Issue of shares
Holdings in Company
Coms plc. (AIM: COMS) announced the acquisition of Premium O Limited on 12th June and 12 million shares being deferred dependant on £55,000 gross profit over the first 3 Months totalling £165,000.
The Company is pleased to announce that Premium O has achieved the gross profit and £357,000 in the first 3 Months from the date of acquisition has been achieved which is £192,000 over target.
Application will be made for the admission to trading on AIM of the 12,000,000 Ordinary Shares with admission expected to take place on 24 September 2013. The Company's enlarged issued ordinary share capital immediately following the issue of these shares will be 619,873,783 Ordinary Shares, The Company holds no Ordinary Shares in Treasury at this time. The figure of 619,873,783 Ordinary Shares 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 in interest in, the share capital of the Company under the Disclosure and Transparency Rules.
The 12 million shares will be allocated as such:
David Breith 7,140,000
Lee Campion 4,800,000
Suzannah Doyle 60,000
After allocation of shares David Breith (CEO) will own 137,326,455 shares representing 22.15% shares in the company and Lee Campion will own 24,000,000 shares representing 3.87% of the company.
For further information, please contact:
Coms plc
David Breith (CEO) +44 (0) 207 148 3000
Iain Ross (Chairman)
Charles Stanley Securities +44 (0)207 149 6000
(Nominated Adviser and Joint Broker)
Karri Vuori / Philip Davies
SI Capital Limited +44 (0) 1483 413 500
(Joint Broker)
Andy Thacker / Nick Emerson
Newgate Threadneedle +44 (0) 207 653 9858
(PR)
Robyn McConnachie / Graham Herring
Notes to Editors
Coms plc is listed on the London Stock Exchange (AIM market) and is a leading player in the provision of Hosted VoIP Telephony to UK businesses with over 10-years' experience in the telecoms sector. Unlike most VoIP providers, Coms does not rely on third party providers and we own and operate a UK based Carrier Class Telephony Platform.