RNS Number : 2879G
Rubicon Software Group PLC
10 May 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 the Chairman, Rob Burnham, as announced on 28 April 2010.

In addition and also as announced on 28 April 2010 as part of the arrangements under which new capital was injected into the Company at that time, David Webber, former director, has acquired 400,000 shares from director Richard Blakesley, and Rob Burnham has acquired 400,000 shares from Alistair Hancock, Chief Executive Officer.

Following completion of the above transactions, Mr Burnham will own, conditional on admission of the New Ordinary Shares to AIM, 1,473,056 shares representing approximately 3.36 per cent. of the enlarged issued share capital of the Company. Furthermore, Mr Webber will own 1,384,714 (3.16%), Mr Blakesley will own 11,550,041 (26.35%) and Mr Hancock will own 11,038,572 (25.18%).

It is expected that the New Ordinary Shares will be admitted to AIM and that dealings will commence with effect from Tuesday 17th May 2011.

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 the Chairman, Rob Burnham, as announced on 28 April 2010.

In addition and also as announced on 28 April 2010 as part of the arrangements under which new capital was injected into the Company at that time, David Webber, former director, has acquired 400,000 shares from director Richard Blakesley, and Rob Burnham has acquired 400,000 shares from Alistair Hancock, Chief Executive Officer. 

Following completion of the above transactions, Mr Burnham will own, conditional on admission of the New Ordinary Shares to AIM, 1,473,056 shares representing approximately 3.36 per cent. of the enlarged issued share capital of the Company. Furthermore, Mr Webber will own 1,384,714 (3.16%), Mr Blakesley will own 11,550,041 (26.35%) and Mr Hancock will own 11,038,572 (25.18%).
It is expected that the New Ordinary Shares will be admitted to AIM and that dealings will commence with effect from Tuesday 17th May 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 10th May 2011