Published: 18 June 2014
Idox plc (the "Company") announces that 1,150,244 ordinary shares of 1 pence each ("Ordinary Shares") have been issued and allotted following an exercise of options by a former employee
Application has been made to the London Stock Exchange for the Ordinary Shares, which will rank pari passu with the existing shares in issue, to be admitted to trading on AIM and admission is expected to become effective on 23 June 2014.
The Company also announces that it has used the general authority given to the Company by its shareholders at the Company's last annual general meeting held on 27 February 2014 to make market purchases of its own shares.
On 17 June 2014 the Company purchased 838,219 of its ordinary shares of 1 pence each at a price of 44 pence per ordinary share. This represents approximately 0.2 per cent of the current issued share capital of the Company. All of these shares will be held as treasury shares. Following this purchase, the Company holds 1,855,219 Ordinary Shares as treasury shares.
The Company's total issued share capital after the admission of the Ordinary Shares will be 358,386,054 ordinary shares. Therefore the total number of Ordinary Shares in issue excluding shares to be held in treasury is 356,530,835.
The above figure of 356,530,835 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Idox plc +44 (0) 870 333 7101
Martin Brooks, Chairman
Richard Kellett-Clarke, Chief Executive
Jane Mackie, Chief Financial Officer
N+1 Singer (NOMAD and Broker) +44 (0) 20 7496 3000
Shaun Dobson / Nick Donovan
Leander (Financial PR) +44 (0) 7795 168 157
About Idox plc
Idox plc is a supplier of specialist document management collaboration solutions and services to the public sector and increasingly to highly regulated asset intensive industries around the world in the wider corporate sector.
Its Public Sector Software Division is the leading applications provider to UK local government for core functions relating to land, people and property, such as its market leading planning systems and election management software. Over 90% of UK local authorities are now customers. The Division provides public sector organisations with tools to manage information and knowledge, documents, content, business processes and workflow as well as connecting directly with the citizen via the web. It also supplies, predominantly to the public sector in the UK and internationally, decision support content such as grants and planning policy information as well as related specialist services, including election management solutions.
The Engineering Information Management Division delivers engineering document control, project collaboration and facility management applications to many leading companies in industries such as oil & gas, architecture and construction, mining, utilities, pharmaceuticals and transportation in North America and around the world.
The Group employs over 500 staff located in the UK, the USA, Europe, India and Australia.
Updated: 21 March 2018