2 Jun 2011 15:55
2 June 2011
NORTHBRIDGE INDUSTRIAL SERVICES PLC
("NORTHBRIDGE", THE "COMPANY" OR THE "GROUP")
Issue of Equity and Total Voting Rights
Northbridge Industrial Services plc, the industrial services and rental company, announces that the Company has issued 10,274 new ordinary shares of 10p per share ("Ordinary Shares") in relation to the exercise of options.
The Company has applied for the admission to trading on AIM of the 10,274 new Ordinary Shares and it is expected that admission will become effective, and dealings in the Consideration Shares will commence, at 8.00 a.m. on Wednesday, 8 June 2011.
Total Voting Rights
Following admission of the new Ordinary Shares to trading on AIM, the Company's total issued share capital will consist of 15,495,741 Ordinary Shares, including 152,150 Ordinary Shares held in treasury. Therefore the number of Ordinary Shares which should be used by shareholders in the Company 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 share capital of the Company under the Financial Services Authority's Disclosure and Transparency Rules, is 15,343,591 with effect from 8 June 2011.
For further information
Northbridge Industrial Services plc Eric Hook, Chief Executive Officer Craig Robinson, Finance Director
| 01283 531645 |
Smith & Williamson Corporate Finance Limited (Nominated Adviser) Azhic Basirov / David Jones
| 020 7131 4000 |
Arbuthnot Securities Limited (Broker) Antonio Bossi / Ed Groome
| 020 7012 2000 |
Buchanan Communications Charles Ryland / James Strong
| 020 7466 5000 |
About Northbridge:
Northbridge Industrial Services plc hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Germany, France, Australia, Singapore, India, Brazil, Korea and Azerbaijan, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, construction and the public sector. The product range includes loadbanks, transformers, generators, compressors and oil tools. Northbridge was admitted to AIM in 2006 since when it has recorded increased earnings and dividends each year based on providing a high level of service, responsiveness and flexibility to customers. It has grown by acquisition of companies in the UK, Dubai, Azerbaijan and Australia and through investing further in those acquired companies to make them more successful. Northbridge continues to seek suitable businesses for acquisition across the world.
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