RNS Number:4125O
Net b2b2 PLC
20 February 2008
Netb2b2 plc ("Netb2b2" or "the Company")
Issue of Equity
Netb2b2 plc (AIM:NEB) announces that, yesterday, the Company issued 2.5 million
ordinary shares of £0.10 each in the Company ("Ordinary Shares") to Keith Young,
the Company's Chairman. This represents the second tranche of Ordinary Shares to
be issued to Mr Young pursuant to the agreement between him and the Company,
entered into in December 2007. Details of this transaction were set out in the
notice of extraordinary general meeting posted to shareholders and notified on 4
December 2007. The placing price for the Ordinary Shares was £0.10.
Application has been made to the London Stock Exchange plc for the new Ordinary
Shares to be admitted to trading on AIM and it is anticipated that admission
will become effective and that dealings will commence on 25 February 2008.
Following the issue of the new Ordinary Shares, Mr Young is interested in
6,375,826 Ordinary Shares representing 57.64 per cent. of the issued share
capital of the Company.
20 February 2008
For further information, please contact:
Smith & Williamson Corporate Finance Limited Tel: 020 7131 4000
Azhic Basirov / Siobhan Sergeant
This information is provided by RNS
The company news service from the London Stock Exchange
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