Issue of Equity

17 Mar 2006 11:59

AdVal Group PLC17 March 2006 17 March 2006 AdVal Group plc ("AdVal") Completion of Acquisition and Issue of Equity AdVal today announces that the acquisition of Maxim Learning Limited wascompleted yesterday. A total of 111,407,081 new ordinary shares of 1p each inAdVal ("Ordinary Shares") have been issued in connection with the conversion ofall of the issued convertible unsecured loan notes in AdVal into Ordinary Sharesand the issue of the consideration shares to the vendor of Maxim. Applicationwill be made to the AIM Market of the London Stock Exchange for the new OrdinaryShares to be admitted to trading on 23 March 2006. This information is provided by RNS The company news service from the London Stock Exchange