REAL Real Office

 

TIDMREAL 
 
RNS Number : 9181H 
Real Office Group PLC 
02 March 2010 
 

For immediate release 
                                       2 March 2010 
 
           REAL OFFICE GROUP PLC ("ROG" the "Group" or the "Company") 
 
           ISSUE OF SHARES TO SETTLE INTERCOMPANY BALANCE AND EARNOUT 
 
Further to the announcement on 1 February 2010 regarding the disposal of ISIS 
Projects Limited ("ISIS"), ISIS has been sold on to the management team by CFC 
Holdings Limited a company controlled by Roger Smee who is also Chairman and 
Chief Executive Officer and majority shareholder of the Company with 78% of the 
ordinary share capital. 
 
Real Office Group plc, the AiM quoted global design and build business, has 
today issued: 
 
·    5,029,892 ordinary shares of 10 pence each to settle the outstanding 
intercompany between ROG and ISIS; and 
·    3,250,000 ordinary shares of 10 pence each and in satisfaction of the 
amounts due to members of the management team under the earnout provisions of 
the original sale to ROG as set out in the Company's Admission Document dated 2 
April 2009. 
 
An application for admission to trading to AiM has been submitted and these 
shares are expected to be admitted to trading on 6 March 2010.  All shares 
issued above are subject to a 12 month lock in and orderly market agreement as 
set out in the Company's Admission Document dated 2 April 2009. Once admitted 
the total number of shares in issue will be 151,948,975. 
 
Enquiries: 
 
Real Office Group plc 
Roger Smee, Chairman 
Philip Brady, Finance Director 
0207 822 0989 
 
Cenkos, Nominated Advisor to the Company 
Nick Wells/Elizabeth Bowman 
0207 397 8900 
 
Smithfield 
020 7360 4900 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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