Issue of Equity
December 31 2007 - 5:00AM
UK Regulatory
RNS Number:7812K
Sumus plc
31 December 2007
Sumus Plc
("Sumus" or the "Company")
Issue of Equity in connection with deferred consideration
payable for acquisition of FSAS
Sumus Plc, the AIM listed holding company for IFA businesses providing
investment and financial advisory services and network support services to IFA
firms, is pleased to announce that in accordance with the terms of the sale and
purchase agreement of its acquisition of Financial Services Advice and Support
Limited ("FSAS") in September 2006, deferred consideration of �1,063,132 is
payable, half in cash and half by the issue of 1,158,094 new ordinary shares of
0.5p each ("New Ordinary Shares").
Application has been made for the admission of the New Ordinary Shares to
trading on AIM and dealings are expected to commence therein on 4 January 2008.
The New Ordinary Shares will, when issued, rank pari passu with the Company's
existing ordinary shares of 0.5p each, including the right to receive all
dividends and other distributions hereafter declared, made or paid.
Contacts:
Sumus Plc Allan Rosengren, CEO 0117 933 0701/07973 511941
0117 933 0777 Peter Smith, FD 0117 933 0754/07713 885286
Arbuthnot Securities Tom Griffiths
020 7012 2000 Neil Kirton
Winningtons Financial Tom Cooper 0797 122 1972
0117 920 0092 Paul Vann
This information is provided by RNS
The company news service from the London Stock Exchange
END
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