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Tuesday 16 June, 2009

Advanced Comp Softw

Issue of Equity

RNS Number : 9858T
Advanced Computer Software PLC
16 June 2009
 



Advanced Computer Software Plc

 

('ACS' or 'the Company')

     
Issue of Equity


Advanced Computer Software Plc (AIM: ASW) a leading provider of software and IT services to the Primary Care sector, announces that pursuant to the Acquisition Agreement that was completed on 15 June 2009, following the Offer for Business Systems Group Holdings Plc ('BSG') being declared wholly unconditional, ACS has acquired 18,315,018 BSG Shares from the trustees of the Nick Gerard Life Interest Trust, in exchange for the issue and allotment of 14,000,000 ACS Shares (approximately 4 per cent. of the enlarged share capital) at an issue price of 25 pence per ACS share to the Nick Gerrard Life Interest Trust.


Consequently the Company has applied for the application of 14,000,000 new ordinary shares  in the Company to be admitted to trading on AIM, with admission expected to occur on or around 19 June 2009.


Following this issue the Company will have 350,170,170 ordinary shares in issue which represent the Company's total voting rights.


For the avoidance of doubt capitalised terms have the same meaning as in the Rule 2.5 announcement made by the Company on 8 May 2009.


Enquiries:


Advanced Computer Software Plc
Vin Murria, Chief Executive Officer    
                +44 20 7831 5088
Karen Bach, Chief Financial Officer

 

Seymour Pierce Ltd

Richard Feigen                                                 +44 207 107 8047

Sarah Jacobs
Christopher Wren


College Hill
Adrian Duffield                                 
                +44 20 7457 2815

Carl Franklin



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