Issue of Equity
08 Juli 2010 - 11:01AM
UK Regulatory
TIDMMLO
RNS Number : 0356P
Melorio PLC
08 July 2010
Melorio Plc ('Melorio' or the 'Company')
Issue of Equity
The boards of Pearson and Melorio announced on 19 May 2010 that they had reached
agreement on the terms of a recommended cash offer for the entire issued and to
be issued ordinary share capital of Melorio to be made by Pearson (the "Offer")
and posted the offer document to shareholders on 21 May 2010. The Offer was 225
pence in cash for each Melorio Share and valued Melorio's issued and to be
issued share capital at approximately GBP99.3 million.
Under the Offer, the to be issued ordinary share capital of Melorio included
603,878 Melorio Shares which may be issued pursuant to the 2007, HMRC Approved,
Melorio Save as You Earn Share Option (the "SAYE Scheme").
The Company announces that it has today issued 329,568 ordinary shares pursuant
to the SAYE Scheme. Application has been made for the shares issued to be
admitted to trading on AIM and dealings are expected to commence on 14 July
2010. Following this allotment, the Company's issued ordinary share capital is
now comprised of 40,378,880 shares.
The following directors of Melorio exercised were issued with the following
shares:
+----------------+----------------+----------------+--------------+
| Director | Shares issued | Total holding | Percentage |
| | | following | of share |
| | | exercise | capital (%) |
+----------------+----------------+----------------+--------------+
| Alex Sheffield | 8,635 | 428,700 | 1.1 |
+----------------+----------------+----------------+--------------+
| Helen Smith | 8,635 | 287,885 | 0.7 |
+----------------+----------------+----------------+--------------+
Enquiries:
+----------------------------------------+--------------------+
| Melorio | 020 7389 6800 |
+----------------------------------------+--------------------+
| Hugh Aldous, Chairman | |
+----------------------------------------+--------------------+
| Alex Sheffield, Group Finance Director | |
+----------------------------------------+--------------------+
| | |
+----------------------------------------+--------------------+
| Cenkos Securities | 020 7397 8900 |
+----------------------------------------+--------------------+
| Stephen Keys / Beth McKiernan | |
+----------------------------------------+--------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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