Docstoc

Company

Document Sample
Company Powered By Docstoc
					C
Company         Mobilewave Group PLC
TIDM            MBW
Headline        Issue of Equity
Released        17:45 17-Feb-2012
Number          6821X17


RNS Number : 6821X
Mobilewave Group PLC
17 February 2012


17 February 2012

                               MobileWave Group plc

                          ("MobileWave" or the "Company")

                                   Issue of Equity

The Board of MobileWave is pleased to announce that they have reached an
agreement with Donovan Neale-May to convert a loan he had made to the Company
of $220 000 in 29 November 2011, into 10,769,240 ordinary shares valued at 1.3
pence per share, a premium of 16.07 per cent. to the closing mid market price of 1.12
pence per share on the last practicable day prior to announcement.

Donovan Neale-May is the CEO of Global Fluency Inc, a worldwide communications
services firm based in Palo Alton, and Executive Director of the Chief Marketing
Officers Council, two organisations who have acted in an advisory capacity to
MobileWave.

Accordingly, application has been made for the 10,769,240 new ordinary shares to be
admitted to trading on AIM and it is expected that admission will take place on 24
February 2012.

The new ordinary shares will rank pari passu with the existing shares of the Company.
Following this allotment, the total issued share capital of the Company will increase
to 104,852,009 ordinary shares.

Following the conversion of his loan into equity, Donovan Neale-May will hold a total
of [10,769,240] representing 10.27 per cent. of the enlarged issued share capital of
the Company.

Rory Stear, Executive Chairman, said: "the Board is pleased that Donovan Neale-May,
an important advisor to our Company, has agreed to convert his loan into Company Mobilewave
equity. Preservation of cash is important to any early stage company and when that Group PLC
is aligned to securing a strategically important shareholder, it is clearly in the best
interests of all parties."

For further information, please contact:

MobileWave                                                                       Group
plc                                          rstear@mobilewave.com
Rory Stear, Chairman

Charles Stanley Securities                                                 020    7149
6000
Nominated Adviser & Broker
Dugald J.Carlean / Carl Holmes



                This information is provided by RNS
      The company news service from the London Stock Exchange
ompany
TIDM                                                                                      MBW
                                                                                          Issue of
Headline
                                                                                          Equity
                                                                                          07:00 08-
Released
                                                                                          Feb-2012
Number                                                                                    9836W07


RNS Number : 9836W
Mobilewave Group PLC
08 February 2012

8 February 2012

                                    MobileWave Group plc

                              ("MobileWave" or the "Company")

                                        Issue of Equity

The Board is pleased to announce that as a result of the ongoing investment in the Company by
Dutchess Opportunity Cayman Fund Ltd ("Dutchess") announced on 06 October 2011 the
Company is issuing a further 3,000,000 new ordinary shares in the Company to the Dutchess.
Under the Investment Agreement entered into by the Company and Dutchess, Dutchess agreed
to subscribe for up to £4.0 million of new ordinary shares in the Company over a period of three
years.
Accordingly, application has been made for the 3,000,000 new ordinary shares to be admitted to
trading on AIM and it is expected that admission will take place on 14 February 2012.

The new ordinary shares will rank pari passu with the existing shares of the Company. Following
this allotment, the total issued share capital of the Company will increase to 94,082,769
ordinary shares.



For further information, please contact:

MobileWave Group plc                                rstear@mobilewave.com
Rory Stear, Chairman

Charles      Stanley       Securities                                           020       7149
6000
Nominated Adviser & Broker
Dugald J.Carlean / Carl Holmes

                     This information is provided by RNS
           The company news service from the London Stock Exchange

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:23
posted:4/9/2012
language:Latin
pages:3