Stratmin Global Resources Regulatory News (STGR)

30 Apr 2008 15:00

Interactive Prospect TargetingHdgs30 April 2008 Press Release 30 April 2008 Interactive Prospect Targeting Holdings Plc ("the Company") Issue of Equity The Board of Interactive Prospect Targeting Holdings Plc ("IPT" or the "Company") announces that it has allotted 2,917,222 Ordinary Shares of 0.4p each in thecapital of the Company (the "New Shares") in satisfaction of the second of threetranches of performance-based consideration payable by the Company in connectionwith the acquisition of Directinet SA, announced on 24 May 2006. This trancheis in respect to the earn-out period to December 31 2007 and represents themaximum possible consideration under the acquisition agreement. The New Shareswere issued in according with the terms of the agreement to acquire Directinetand at an effective price of 40.5p. The Company has also allotted 2,539,818 Ordinary Shares of 0.4p each in thecapital of the Company (also the "New Shares") in satisfaction of the first oftwo tranches of performance-based consideration payable by the Company inconnection with the acquisition of NP6, announced on 15 June 2007. This trancheis in respect to the earn-out period to December 31 2007 and represents themaximum possible consideration under the acquisition agreement. The New Shareswere issued in accordance with the agreement to acquire NP6 and at an effectiveprice of 39.1p. The New Shares will rank pari passu with the existing Ordinary Share capital ofthe Company and have been allotted and issued as fully paid. Application has been made for the New Shares to be admitted to trading on AIMand dealings are expected to commence on 7 May 2008. Following admission, the total issued Ordinary Share capital of the Company hasincreased to 50,292,245 Ordinary Shares of 0.4p each. - Ends - For further information:IPT Holdings plcLionel Thain, Chief Executive Tel: +44 (0) 20 7932 4101 Canaccord AdamsMark Williams/Eli Colby, Corporate Finance Tel: +44 (0) 20 7050 6500mark.williams@canaccordadams.com www.canaccordadams.com Media enquiries:AbchurchCharlie Jack / Jack Ballantyne Tel: +44 (0) 20 7398 7700jack.ballantyne@abchurch-group.com www.abchurch-group.com This information is provided by RNS The company news service from the London Stock Exchange