DOR Doriemus

For immediate release

                                                               17th March, 2004

                    TEP Exchange Group PLC ("the Company")                     

                              Additional Listing                

The Company announces that it has made an application for the admission of
47,867,579 Ordinary Shares to be admitted to trading on AIM.

These shares have been issued pursuant to the authority granted at the general
meetings held on 29th July, 2003 and 13th January, 2003, and are being allotted
in satisfaction of the following;

  * 47,692,579 shares in relation to invoices totalling approximately �476,926
    from Surrenda-Link Limited in respect of management and commission fees for
    the 12 months ended 31st December, 2003. These fees are payable pursuant to
    the terms of the outsourcing agreement between the Company and
    Surrenda-Link Limited entered into during December 2002.
   
  * 50,000 shares in relation to the consultancy fees of Mr George Kynoch,
    non-executive director, in the amount of �500.
   
  * 125,000 shares in relation to an invoice totalling �1,250 rendered to the
    Company by a provider of services.
   
Following the issue of the above shares George Kynoch and Surrenda-Link Limited
(together with Surrenda Link (IOM) Limited, which is deemed to be acting in
concert with Surrenda Link Limited) will hold 324,167 and 75,192,579 ordinary
shares, respectively, representing 0.17 per cent. and 39.29 per cent. of the
enlarged issued share capital of the Company, respectively.

It is expected that dealings in the said shares will commence on 22nd March,
2004.



END

Doriemus (LSE:DOR)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Doriemus (LSE:DOR)
Historical Stock Chart
Von Jul 2023 bis Jul 2024