RNS Number:4722F
Revenue Assurance Services PLC
10 October 2007



10 October 2007

                         REVENUE ASSURANCE SERVICES PLC
                                (THE "COMPANY")


                       ISSUE OF EQUITY/DIRECTOR DEALINGS


The Company announces that, following, inter alia, the exercise of certain
options, awards and warrants to acquire ordinary shares of 25 pence in the
capital of the Company ("Ordinary Shares") on 9 October 2007, it has accordingly
allotted an aggregate of 4,887,056 new Ordinary Shares (the "New Ordinary
Shares") credited as fully paid and ranking pari passu with the existing
Ordinary Shares in issue.


3,550,000 of the New Ordinary Shares were beneficially acquired by Simon Beart
and William Good, both executive directors of the Company.  Further details of
these interests are set out in the appendix to this announcement.


In addition, one New Ordinary Share was allotted to Spice PLC in connection with
the proposed scheme of arrangement under section 425 of the Act (the "Scheme")
to effect the acquisition of the Company by Spice PLC.


Application will not be made to London Stock Exchange plc for the New Ordinary
Shares to be admitted to trading on AIM following the suspension of trading in
the Ordinary Shares earlier today in connection with the Scheme, which is
expected to become effective on 12 October 2007.


Relevant Securities in Issue


In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Revenue
Assurance Services plc confirms that it has 49,996,512 ordinary shares of 25
pence each in issue. The International Securities Identification Number for
these shares is GB0001592251.



FOR FURTHER INFORMATION, PLEASE CONTACT:

Revenue Assurance Services plc:
         William Good, Group Finance Director       01483 735700

Cenkos Securities plc:
         Simon Southwood                            020 7397 8900


                                    Appendix

                     Interests in Ordinary Shares acquired


Simon Beart


Scheme                      Date of grant               Exercise price (p)          Number of ordinary Shares
                                                                                    beneficially acquired

Warrants                    10 July 1998                            120                       150,000
Warrants                    10 July 1998                           112.5                      500,000
Warrants                    24 February 2004                        95                        350,000
Long Term Incentive Plan    9 September 2005                        Nil                      1,500,000

Total                                                                                        2,500,000



William Good


Scheme                      Date of grant               Exercise price (p)          Number of ordinary Shares
                                                                                    beneficially acquired

Long Term Incentive Plan    9 September 2005                        Nil                       900,000
Unapproved Executive Share  20 January 2004                         95                        150,000
Option Scheme

Total                                                                                        1,050,000




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

IOEOKKKBDBDDFKD
Revenue Assur. (LSE:RAS)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Revenue Assur. Charts.
Revenue Assur. (LSE:RAS)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Revenue Assur. Charts.