Norkom Group plc ('Norkom' or the 'Group')

Further to the announcement made earlier today regarding the placing of ordinary shares in Norkom, Goodbody Stockbrokers confirms that 8,140,000 ordinary shares (the 'Placing Shares') have been placed at a price of €1.90 per ordinary share, raising gross proceeds of approximately €15.5 million for the Company.

Application will be made for the Placing Shares to be admitted to trading on the AIM and IEX markets of the London and Irish Stock Exchanges respectively.

The Placing Shares rank pari passu in all respects with the existing ordinary shares of the Group. The Placing will not require the approval of Norkom shareholders as the directors of Norkom are empowered under the Articles of Association to allot ordinary shares on a non pre-emptive basis such that the allotment is limited to 10% of the issued share capital of the Group immediately following its admission to the AIM and IEX markets of the London and Irish Stock Exchanges in June 2006.

For further information:

Norkom Group plc.
Paul Kerley, Cecil Hayes, Liam Davis
+ 353 1 873 9600

Goodbody Corporate Finance/Goodbody Stockbrokers
Simon Howley, David Kearney
+353 1 667 0420 

<< Back To Corporate Announcements