Cleardebt Group PLC
17 July 2007
ClearDebt Group plc
('ClearDebt' or the 'Company')
Admission of Equity
Following the successful completion of the acquisition by the Company of the
entire issued share capital of Abacus (Financial Consultants) Limited, ClearDebt
announces the admission, in aggregate, of 304,590,567 ordinary shares of 2p each
('Ordinary Shares') (being the re-admission of 288,840,567 existing Ordinary
Shares and the admission of 15,750,000 new Ordinary Shares issued pursuant to
the placing to raise £315,000, before expenses) to trading on AIM today
('Admission').
Following the extraordinary general meeting of the Company, held yesterday, and
Admission, Daniel Morris has been appointed as a director of the Company.
For further information, please contact:
David Mond, ClearDebt Group plc Tel: 0161 228 7444
David Youngman, WH Ireland Limited (Nominated Adviser) Tel: 0161 832 2174
Ruari McGirr, St. Helen's Capital Plc (Broker) Tel: 020 7628 5582
Paddy Blewer, College Hill Associates (Financial PR) Tel: 020 7457 2020
The following information on Daniel Morris is provided in accordance with
Schedule Two (g) of the AIM Rules:
Daniel Morris, aged 31, is a director of Abacus (Financial Consultants) Limited
and Brooklands Finance Limited. During the last five years he has also been a
director of Abacus (Financial Solutions) Limited, ASK Finance Limited,
Houldsworth Finance Limited (dissolved) and Umbrella (Financial Management)
Limited (dissolved).
There is no further information to be disclosed under Schedule Two (g) of the
AIM Rules.
This information is provided by RNS
The company news service from the London Stock Exchange
