Issue of Equity

22 Dec 2005 07:01

Mondas PLC22 December 2005 Mondas plc ("Mondas" or "the Company") Issue of equity Mondas, the specialist provider of software solutions to the banking andsecurities and education markets, announces that in order to raise additionalworking capital for the Company, Teather & Greenwood Limited has placed2,608,696 new ordinary shares in the Company with institutional and otherinvestors at 11.5p per share ("the Placing"). The proceeds of the Placing amountto approximately £250,000, net of expenses. The Placing is conditional upon,amongst other things, the completion of the acquisition of Blue Curve. Colin Peters, the chairman of the Company, has conditionally subscribed for173,913 new ordinary shares under the Placing. Accordingly, on completion of thePlacing, Colin Peters will hold 1,469,757 ordinary shares, representing 4.03 percent. of the then enlarged issued share capital of the Company. The new ordinary shares will rank pari passu with the existing issued ordinaryshare capital of the Company. Application will be made for the new ordinaryshares to be admitted to trading on the AIM Market. It is expected thatadmission will become effective and that trading will commence in the newordinary shares on 17 January 2006. Copies of the circular to shareholders are available from the Company'sregistered office, 17-29 Sun Street, London EC2M 2PT. 22 December 2005 Enquiries: Mondas plc 020 7392 1300Jarlath McGee/Ian SelbyJohn East & Partners Limited 020 7628 2200David Worlidge/John EastTeather & Greenwood Limited 020 7426 9000James Glancy/Clare Banham/Stephen AustinCollege Hill 07831 379122/Matthew Smallwood/Clare Warren 020 7457 2020 This information is provided by RNS The company news service from the London Stock Exchange