Cybit - partner of choice for forward thinking companies

Aha....

'Trafficmaster PLC said it has sold 56.3 mln shares in Cybit
Holdings PLC for 1.7 mln stg in cash.
Trafficmaster will hold warrants for further 67 mln shares in Cybit, which
can be exercised in two stages. The first tranche can be exercised at 4.5 pence
each before Dec 31, 2004, and the next tranche at 6.5 pence before Dec 31, 2006.
Trafficmaster said it has a strong strategic partnership with Cybit under
which it provides a range of products and services, including hosting services
and the provision of telematics hardware.
newsdesk@afxnews.com
shw'

6.5p x 50 is £3.25 new money.

The warrants are not a factor unless you are lp.

CM.