RUBI Rubicon Divers.

TIDMRUBI

RNS Number : 2879G

Rubicon Software Group PLC

10 May 2011

RUBICON SOFTWARE GROUP PLC

(AIM: RUBI)

Issue of Equity

Rubicon Software Group plc, a leading provider of enterprise class CRM, business productivity tools and Microsoft SharePoint collaboration solutions, announces that it has applied to London Stock Exchange for 125,000 new ordinary shares of 1p each ("New Ordinary Shares") to be admitted to AIM. These shares were agreed to be subscribed at a price of 1p per share by the Chairman, Rob Burnham, as announced on 28 April 2010.

In addition and also as announced on 28 April 2010 as part of the arrangements under which new capital was injected into the Company at that time, David Webber, former director, has acquired 400,000 shares from director Richard Blakesley, and Rob Burnham has acquired 400,000 shares from Alistair Hancock, Chief Executive Officer.

Following completion of the above transactions, Mr Burnham will own, conditional on admission of the New Ordinary Shares to AIM, 1,473,056 shares representing approximately 3.36 per cent. of the enlarged issued share capital of the Company. Furthermore, Mr Webber will own 1,384,714 (3.16%), Mr Blakesley will own 11,550,041 (26.35%) and Mr Hancock will own 11,038,572 (25.18%).

It is expected that the New Ordinary Shares will be admitted to AIM and that dealings will commence with effect from Tuesday 17 May 2011.

 
 Contacts: 
 
 Rubicon Software Group PLC           www.rubiconsoftware.com 
 Alistair Hancock, Chief Executive 
  Officer                                +44 (0) 1276 706 900 
 
 WH Ireland Limited                      www.wh-ireland.co.uk 
 John Wakefield / Marc Davies            +44 (0) 117 945 3470 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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