Interactive Publishing Plc
LSE : INTP

December 23, 2008 04:32 ET

Issue of shares as deferred consideration and a cash placing

                                    INTERACTIVE PUBLISHING PLC
                                                 
                   Issue of shares as deferred consideration and a cash placing

The  directors of Interactive Publishing plc ("Interactive" or "the Company") announce  today  the
issue of 17,000,000 ordinary shares in settlement of the deferred consideration due for the period
ended 30 June 2008 on the acquisition of Trojan Publishing Limited ("Trojan"). In accordance  with
the Trojan acquisition agreement these shares were issued at 3 pence per ordinary share.

Of these shares 9,103,500 were issued to the following Directors of the Company:

- 8,483,000 to J Sanders
- 280,500 to P Jay
- 340,000 to R Quiddington

The  directors  also announce the issue today of 2,500,000 ordinary shares in a  cash  placing  to
raise £50,000.

As  a result of the above share issues, the directors announce the following revised shareholdings
in the issued share capital of the company:

J Sanders now holds 27.37%*
P Jay has now holds 0.90%
R Quiddington now holds 1.10%
Formby Limited now holds 11.90%
A Butler now holds 7.27%

*  P  Sanders,  the father of J Sanders, was issued with 850,000 ordinary shares as  part  of  the
deferred  consideration. His revised shareholding together with that of J  Sanders  is  50,178,600
ordinary shares, representing 30.11% of the total issued share capital.

The above holdings relate to legal and beneficial holdings.

The  Company has now 166,666,666 ordinary shares of 0.25 pence each in issue. The Company's  total
issued share capital is £416,667.

Total Directors shareholdings following the above transactions are 46.68%.

The directors of Interactive Publishing plc accept responsibility for this announcement.

                                             - ends -

CONTACT DETAILS:

Interactive Publishing plc:       Melissa Gilmour  Tel: 0797 076 7869
Fisher Corporate Plc:            Gary Miller              Tel: 0207 388 7000


Contact Information

  • Interactive Publishing Plc