Allocate Software plc

Allocate Software plc

February 08, 2010 02:00 ET

Exercise of Options and Director's Dealings

8 February 2010

                                           Allocate Software plc
                                       ("Allocate" or "the Company")
                                Exercise of Options and Director's Dealings

Allocate  was notified on 5 February 2010 that Richard Morgan-Evans, Non-Executive Director of the Company,
exercised  an  option  on  4 February 2010 to acquire 200,000 ordinary shares of 5  pence  each  ("Ordinary
Shares")  at  25.5 pence per share, which were subsequently all sold on 5 February 2010  at  71  pence  per
share.  Following these transactions, Mr Morgan-Evans holds no shares in the Company.

In  addition, on 4 February 2010, employees of the Company exercised options to acquire a total of  282,902
Ordinary Shares.

Application  has been made for the 482,902 Ordinary Shares to be admitted to AIM, with trading expected  to
commence  on  11  February 2010 ("Admission").  Upon Admission, the shares will  rank  pari  passu  in  all
respects with the existing Ordinary Shares of the Company.

After admission of these new shares, the Company will have 60,308,527 Ordinary Shares in issue.


Allocate Software                                                   
Simon Thorne - Group Finance Director                               Tel: +44 (0) 20 7355 5555

Numis Securities                                                    
Nominated adviser - Michael Meade / Brent Nabbs                     Tel: +44 (0) 20 7260 1000
Corporate Broking - James Black

Hansard Communications                                              Tel: +44 (0) 20 7245 1100
Justine James                                                       
Kirsty Corcoran

About Allocate Software

Allocate  Software plc is the leading workforce optimisation software applications provider for  world-wide
organisations with large, multi-skilled workforces.  With a blue chip client base spanning the  public  and
private sector, its key vertical markets include: Healthcare, Defence, Maritime and Government & Education.

At  the core of the business is Allocate's workforce optimisation software application, which organisations
use to deploy the right people with the right skills, to the right place at the right time.

Headquartered  in  London, Allocate provides services and support to its increasing international  customer
base through regional offices in the UK, Sweden, USA, Australia and Malaysia.

Allocate Software is quoted on the London Stock Exchange (AIM: ALL).   For further information please visit

Contact Information

  • Allocate Software plc