FOR IMMEDIATE RELEASE
31 MARCH 2008
INTELLEGO HOLDINGS PLC
("INTELLEGO" "THE COMPANY")
The Board of Intellego, the AIM traded e-learning and compliance
courseware solutions business, is pleased to announce that a further
5,000,000 ordinary shares have been placed in addition to those
announced on 20 March 2008.
Following demand from investors at the last share placing, the
Company's broker, Ellis Stockbroker, has placed a further 5,000,000
Intellego new ordinary shares of 0.5p ("shares") at a price of 1.15p
per share raising £57,500 before expenses.
Application is being made to have the 5,000,000 shares admitted to
trading on AIM and trading is expected to commence in these shares on
4 April 2008. These new shares will rank pari passu with the
Company's existing shares.
After the 5,000,000 have been issued the Company's issued share
capital consists of 129,862,750 ordinary shares with a nominal value
of 0.5p each, with voting rights ("Ordinary Shares"). The Company
does not hold any Ordinary Shares in Treasury.
Therefore the total number of Ordinary Shares in the Company with
voting rights is 129,862,750.
Commenting on the placing Angus Forrest, Chairman, said:
"We are delighted with the level of interest shown in Intellego's
stock. The Company will be using the new funds to finance acquisition
opportunities as well as organic growth in a period of rapid
Angus Forrest/Ranjit Roy Choudhuri
Tel. 0870 428 1250
Intellego Holdings Plc
Maxine Barnes / Nick Farmer
Tel. 020 7562 3350
Bishopsgate Communications Limited
Tel. 020 7628 3396
Beaumont Cornish Limited
NOTES TO EDITORS
Intellego is a leading provider of content-driven training and
communication solutions to regulated industries and distributed
workforces. Focus areas include training for the introduction of new
enterprise software applications; regulatory compliance &
benchmarking; technical product launches; and industry accreditation
portals. Key markets serviced include Finance, Legal, Pharmaceutical,
Health, Engineering, Oil & Gas and Transportation.
Intellego was established in 2002 and its shares admitted to trading
on the Alternative Investment Market (AIM) of the London Stock
Exchange on 17th December 2004.
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