Issue of Equity

28 Feb 2006 08:12

Travelzest plc28 February 2006 Travelzest plc28 February 2006 Issue of Equity Pursuant to the purchase of Holiday Express Group Limited on 3 October 2005, certain performance criteria set out in the acquisition agreement have been met and accordingly Travelzest plc (the "Company") has made an additional payment of £1,067,202 to the former shareholders of Holiday Express Group Limited. Of this, £634,067 was in cash and the balance by the issue of 355,901 Ordinary Shares of 2 pence ("Ordinary Shares") in the share capital of the Company. An application has been made for these shares to be admitted to trading which is expected to take place on 3 March 2006. As a result the Company has 8,518,134 Ordinary Shares in issue. This information is provided by RNS The company news service from the London Stock Exchange