Innovative Software Direct plc
LSE : ISDP

November 17, 2008 04:52 ET

Issue of Equity

                                                 
17 November 2008

                                  Innovative Software Direct plc
                                     (the "Company" or "ISD")
                                                 
                                          Issue of Shares


The  Directors  of ISD announce that on 13 November 2008 the Company issued 190,000  New  Ordinary
Shares following the exercise of warrants at 1 pence per Ordinary Share.

The warrants were issued to WTTR Holdings Limited, a company in which Barry Hersh and Simon Hersh,
Directors of ISD, are also directors and together are controlling shareholders.

Barry  Hersh's  shareholding following the above issue is 1,000,000 Ordinary Shares (6.92%).  This
shareholding is a beneficial holding.

Simon  Hersh's  shareholding following the above issue is 700,000 Ordinary  Shares  (4.84%).  This
shareholding is a beneficial holding.

Directors' shareholdings following the above issue are 2,095,000 Ordinary Shares (14.50%).

Following the above, the total shares in issue are 14,452,269 Ordinary Shares of 1 pence each  and
the total issued share capital of the Company is £144,523.


The Directors of the Company accept responsibility for the above announcements.

                                            ---ENDS---

Contact Information

  • Innovative Software Direct plc