CXA Celoxica

    RNS Number : 1679V
  Celoxica Holdings PLC
  23 May 2008
   

    23 May 2008

    CELOXICA HOLDINGS PLC

    ("CELOXICA" OR "THE COMPANY")

    Result of Subscription and Extraordinary General Meeting

    Celoxica Holdings plc (AIM: CXA) - a leading provider of High Performance Computing solutions, is pleased to announce that further to
the announcement on 29 April 2008, the Share Subscription of up to 200,000,000 Ordinary Shares at a price of 1 pence per share was
oversubscribed.

    As a consequence, certain of the Directors have therefore agreed to reduce the number of Subscription Shares for which they were to
subscribe, in order to allow external investors to achieve their subscriptions in full. The revised number of shares that are being
subscribed for by the Directors is 23,500,000 Subscription Shares in aggregate at the Subscription Price. This represents approximately 11.8
per cent. of the maximum number of Subscription Shares. Under the Share Subscription, Lee Staines has agreed to subscribe for 7,500,000
Subscription Shares, Jean-Marc Bouhelier has agreed to subscribe for 15,000,000 Subscription Shares and Jack Fryer has agreed to subscribe
for 1,000,000 Subscription Shares, all at the Subscription Price. On completion of the Share Subscription, Lee Staines will hold 7,710,526
Ordinary Shares, representing approximately 2.7 per cent. of the Enlarged Ordinary Share Capital, Jean-Marc Bouhelier will hold 17,105,263
Ordinary Shares, representing approximately 6.0 per cent. of the Enlarged Ordinary Share Capital and Jack Fryer will hold 1,695,743 Ordinary Shares, representing approximately 0.6 per cent. of the
Enlarged Ordinary Share Capital. 

    In addition, the Company is pleased to announce that all resolutions proposed to the extraordinary general meeting held earlier today
were duly passed. Admission and dealings in the Subscription Shares are therefore expected to commence on AIM on 27 May 2008.

    Following Admission, the Company will have in issue 284,304,435 Ordinary Shares of 1p each. 

    Certain terms used in this announcement are defined and have the same meaning as in the Company's announcement of 29 April 2008. 


    ENQUIRIES

 Celoxica Holdings plc (www.celoxica.com)  Tel.    +44 (0)1235 863 656  
 Lee Staines, CEO
 Michelle Young, CFO

 ICIS                                      Tel.    +44 (0) 20 7651 8688
 Tom Moriarty                                  
 Caroline Evans-Jones

 Arbuthnot                                 Tel.    +44 (0) 20 7012 2000
 Tom Griffiths
 Alasdair Younie


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

Celoxica (LSE:CXA)
Historical Stock Chart
From May 2024 to Jun 2024

Celoxica (LSE:CXA)
Historical Stock Chart
From Jun 2023 to Jun 2024