Exercise of Warrants
April 14 2011 - 7:34AM
UK Regulatory
TIDMNXS
14 April 2011
NEXUS MANAGEMENT PLC
(AIM: NXS)
("Nexus Management" or "the Company")
Exercise of Warrants
The Board of Nexus Management, the AIM quoted provider of specialist IT managed
services, announces that it has issued 20,000,000 new ordinary shares at a
price of 0.35 pence each in the capital of the Company following the exercise
of warrants held by SF T1ps Smaller Companies Growth Fund ("T1ps"). Following
admission of such shares to trading on AIM, T1ps will be interested in a total
of 164,199,462 ordinary shares in the capital of Nexus, equivalent to 14.67 per
cent. of the enlarged issued share capital of the Company.
Application will be made for 20,000,000 new ordinary shares to be admitted to
trading on AIM. Admission of such shares is expected to become effective and
dealings are expected to commence on AIM on 20 April 2011. Following the issue
of such shares, the Company will have 1,119,494,622 ordinary shares in issue.
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Enquiries:
Nexus Management plc
Roger Richardson, Chief Executive Tel: 01862 812 107
Merchant Securities Limited (Nominated Adviser)
Simon Clements/David Worlidge Tel: 020 7628 2200
Rivington Street (Broker)
Jon Levinson Tel: 020 7 562 3351
Bishopsgate Communications Ltd
Duncan McCormick/Deepali Schneider/Natalie Tel: 020 7562 3350
Quinn
nexus@bishopsgatecommunications.com
END
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