Issue of Equity - 06 January 2011

RNS Number : 9834Y
Rubicon Software Group PLC
06 January 2011

 

RUBICON SOFTWARE GROUP PLC

(AIM: RUBI)

Issue of Equity

Rubicon Software Group plc, a leading provider of enterprise class CRM, business productivity tools and Microsoft SharePoint collaboration solutions, announces that it has applied to London Stock Exchange for 125,0000 new ordinary shares of 1p each ("New Ordinary Shares") to be admitted to AIM. These shares were agreed to be subscribed at a price of 1p per share by David Webber, a former director, as announced on 28 April 2010. Completion of the transactions has been delayed pending completion of the investment by Mr Webber's SIPP.

In addition and also as announced on 28 April, 312,500 shares which were agreed to be acquired by Mr Webber from Information Systems Associates, Inc were in fact held by Rob Burnham, Chairman, as trustee for Mr Webber and have now been transferred to Mr Webber.

Following completion of the above transactions, Mr Webber will own, conditional on admission of the New Ordinary Shares, 984,714 shares. Mr Burnham now owns 948,056 shares, representing approximately 2.17 per cent. of the enlarged issued share capital of the Company.

It is expected that the New Ordinary Shares will be admitted to AIM and that dealings will commence with effect from Wednesday 12 January 2011.

 

Contacts:

 

Rubicon Software Group PLC

www.rubiconsoftware.com

Alistair Hancock, Chief Executive Officer

+44 (0) 1276 706 900

 

WH Ireland Limited

www.wh-ireland.co.uk

John Wakefield / Marc Davies

+44 (0) 117 945 3470

END

 

Posted on 6th January 2011