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Friday 09 October, 2009

AEC Education plc

Issue of Equity

RNS Number : 5337A
AEC Education plc
09 October 2009
 



AEC Education plc

("AEC" or the "Company")


Issue of equity


The Company is pleased to announce that AEC Bilingual Pte Ltd (formerly known as AASM School of Management Pte Ltd) has achieved the profit targets that were set at the time of the acquisition by AEC of 51% of the shares in the company, in June 2007. AEC has therefore issued a further 498,946 new ordinary shares of 10p each in the Company ("Ordinary Shares") to the vendors of AEC Bilingual Pte Ltd, being the balance of the consideration due.  


AEC Bilingual Pte Ltd is a private education provider based in Singapore which recruits students from China for its Business Management and Logistics programmeIt has operations in Shenzhen and Changchun in China which are focused on student recruitment, adult education and placement and advisory services.


Application has been made for 498,946 new Ordinary Shares to be admitted to trading on AIM and dealings are anticipated to commence on 15 October, 2009. Following this issue, the Company's total number of issued Ordinary Shares will be 43,223,781.


**End**


For further information please visit www.aeceducationplc.co.uk  or enquire to:


AEC Education plc


Liam Swords

Office: +44 (0) 20 8308 1202


Mobile: +44 (0) 7775 787 427



WH Ireland Limited (NOMAD & Broker)


Adrian Kirk

+44 (0)161 832 2174

Stuart Forshaw




Biddicks


Katie Tzouliadis

+44 (0) 207 448 1000

Sophie Lane




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