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20 Apr 2009 10:17
20 April 2009
Travelzest plc ("Travelzest" or the "Company")
Exchangeable Shares
Further to the announcement of 24 March 2009 and in accordance with the Exchange Rights Agreement dated 13 October 2006, the board of the Company announces that Travelzest Holdings Inc., a wholly-owned indirect subsidiary of Travelzest, has purchased the 10,572,614 Class A shares in 0763756 B.C. Limited from 6615716 Canada Inc. Consideration for the purchase was 10,572,614 ordinary shares of 2 pence each in the Company ("Ordinary Shares").
The Ordinary Shares were today admitted to trading on AIM.
The Company now has 30,966,110 ordinary shares of 2 pence each in issue with no exchangeable shares and no shares in treasury.
END
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Enquiries: |
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Travelzest plc |
01442 874322 |
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Christopher Mottershead / Colin McKinlay |
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Investec Investment Banking |
0207 597 5970 |
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Martin Smith / Erik Anderson |
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Redleaf Communications |
020 7822 0200 |
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Emma Kane / Samantha Robbins |
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