Holding(s) in Company
02 December 2003 - 1:13AM
UK Regulatory
RNS Number:6925S
Intec Telecom Systems PLC
01 December 2003
Intec Telecom Systems PLC - Holding in Company
London, 1 December 2003 - The Board of Intec Telecom Systems PLC ("Intec" or
"the Company") has been informed by Trematon, a company listed on the
Johannesburg Stock Exchange, that following the conclusion of negotiations
between Mican Ltd. (Intec's largest shareholder with 85,452,524 shares
representing 41.4% of the issued share capital of the Company), the shareholders
of Mican (including Trematon) and Mican's bankers, Trematon expects to have a
direct beneficial holding in 8.6 million ordinary Intec shares representing
4.15% of the issued share capital of the Company.
The Company expects to make further announcements regarding Mican's remaining
shareholding in Intec following the conclusions of negotiations, which Mican has
informed the Company are at an advanced stage.
For further information:
Mike Frayne, Executive Chairman
Intec Telecom Systems PLC
+44 (0) 1483 745800
mike.frayne@intec-telecom-systems.com
Andrew Rodaway
Intec Telecom Systems PLC
+44 (0) 7768 808082
andrew.rodaway@intec-telecom-systems.com
Cubitt Consulting
Fergus Wylie/Sarah Brydon
+44 (0) 20 7367 5100
fergus.wylie@cubitt.com
About Intec Telecom Systems
Intec Telecom Systems is an award-winning worldwide Operations Support Systems
("OSS") vendor for fixed, mobile and next-generation networks (ie. WLAN, 3G and
IP), with more than 550 installations of its products worldwide. Founded in
1997, Intec was listed on the London Stock Exchange (Code: ITL.L) in June 2000.
Intec is the market leader in intercarrier billing systems and convergent
mediation software, and a recent winner of the 2003 Global Billing Award - Best
Overall Contribution, and Telestrategies '2003 Mediation Excellence Award'.
This information is provided by RNS
The company news service from the London Stock Exchange
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