4 July 2011
("Innovise" or the "Company")
Purchase of own shares
Innovise plc, the AIM-quoted software solutions and IT services provider, has
purchased 100,000 ordinary shares of 1p each ("Ordinary Shares") at 12p per
share under the authority granted to the Company at the Annual General Meeting
held on 2 March 2011 ("the Buyback Authority"). The shares purchased, which
represent approximately 0.25 per cent. of the Company's current issued ordinary
share capital, will be held as treasury shares.
Innovise's issued share capital consists of 40,400,702 Ordinary Shares.
Following the above purchase by the Company, Innovise now holds 544,105
Ordinary Shares as treasury shares. Therefore, the total number of voting
rights in Innovise is 39,856,597. The above figure of 39,856,597 may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change of
their interest in, the Company.
For further information contact:
Mike Taylor, Chief Executive Innovise plc 087 0626 0400
Tony Edwards, Finance Director Innovise plc 087 0626 0400
Edward Hutton, Nominated Northland Capital Partners 020 7492 4750
Ian Foster, Shareholder Wordsworth Communication Limited 077 3918 5050
Note to editors:
Innovise plc is a fast growing IT solutions company with two divisions, each of
which has its own management team and focused growth strategy.
Innovise ESM enables major organisations to transform complex IT environments,
resulting in improved performance and service. The division partners with the
leading global vendors to deliver best-in-class solutions to Fortune 500
businesses across a range of industries.
The Innovise Software & Solutions division consists of two complementary units:
Innovise Software's products are extensively used to improve efficiency within
the facilities management, support services and public sectors, while Innovise
Solutions provides customised and highly cost-effective managed services
including remote database administration, infrastructure management and
Innovise has offices in Brierley Hill, Slough, Southampton, London and Mumbai.
For more information, please visit www.innovise.com.