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Issue of Equity

30 Apr 2013 11:00

RNS Number : 5905D
Toumaz Limited
30 April 2013
 



30 April 2013

 

Toumaz Limited

 

Issue of Equity

 

Toumaz Limited (AIM: TMZ, 'Toumaz', or 'the Company') announces that pursuant to the terms of the Acquisition Agreement (as defined in the Company's announcement of 3 July 2012), Toumaz has issued 1,195,122 new ordinary shares of 0.25p each ("Ordinary Shares") in settlement of deferred consideration due to a former employee of Frontier Silicon (Holdings) Limited ("Frontier") in respect of Frontier's acquisition by Toumaz.

 

The Company has applied for these 1,195,122 new Ordinary Shares ("New Shares") to be admitted to trading on AIM, which is expected to occur on 3rd May 2013.

 

Following the admission to trading of the New Shares, Toumaz will have a total issued share capital of 1,172,079,657 Ordinary Shares.

 

There are 33,504,887 Ordinary Shares held jointly by the Employee Benefit Trust and participants for the purposes of the Company's joint share ownership plan in relation to which all voting rights have been waived.

 

Therefore the total number of 1,138,574,770 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 to their interest in the Company, under the Disclosure and Transparency Rules.

 

 

For Further Enquiries: 

 

Toumaz Limited

+44 (0) 207 391 0630

Anthony Sethill, Chief Executive Officer

Jonathan Apps, Chief Financial Officer

Peel Hunt LLP (Nominated Adviser and Broker)

Richard Kauffer/Daniel Harris

+44 (0) 207 418 8900

College Hill

+44 (0) 207 457 2056

Adrian Duffield/Rozi Morris

 

 

About Toumaz (www.toumazltd.com)

 

Toumaz is a pioneer in low cost, ultra-low power wireless technologies for a wide range of markets including medical monitoring and internet connected consumer devices. The recent acquisition of Frontier Silicon brings operational scale and expertise together with a leadership position in digital and networked audio markets.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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