DRUR Drury Lane

    RNS Number : 9479A
  AIM
  08 August 2008
   


 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE
           WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

 COMPANY NAME:
 DRURY LANE CAPITAL PLC (to be renamed Advanced Computer Software Plc subject
 to shareholder approval at a general meeting on 26 August 2008)

 COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS
 (INCLUDING POSTCODES) :
 20 Black Friars Lane
 London EC4V 6HD

 COUNTRY OF INCORPORATION:
 England and Wales

 COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
 www.drurylanecapital.com
 www.drurylanecapital.co.uk

 COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN
 INVESTING COMPANY, DETAILS OF ITS INVESTING STRATEGY). IF THE ADMISSION IS
 SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE
 STATED:

 Drury Lane Capital Plc was admitted to trading on AIM on 30 October 2006 with
 the purpose of acquiring and managing companies and businesses in sectors
 where the Directors believe there are opportunities for consolidation, with
 particular focus on those sectors undergoing structural, technological and/or
 regulatory change. The Company was established to focus on businesses based
 in the UK, Europe and North America.


 It was announced on 23 July 2008 that the Company had entered into a
 conditional agreement to acquire the whole of the issued share capital of
 Adastra Software Limited for total consideration of �12.2 million. The
 Company will, following the proposed acquisition, be a holding company of
 Adastra. The proposed acquisition is a reverse takeover under Rule 14.


 Adastra provides a specialist medical event management, data distribution and
 clinical support software application to urgent and unscheduled "operational
 hub" healthcare provider services. Adastra's UK customer base comprises
 approximate
 DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO
 TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares,
 nominal value and issue price to which it seeks admission and the number and
 type to be held as treasury shares):
 190,920,170 Ordinary Shares of 10 pence each, including 86,088,235 new
 Ordinary Shares issued at a Placing Price of 17 pence

 CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET
 CAPITALISATION ON ADMISSION:
 Capital to be raised: �14.6 million
 Anticipated market capitalisation: �32.5 million

 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
 60.8 per cent. 

 DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES
 (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:
 N/A

 FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the
 first name by which each is known or including any other name by which each
 is known):
 Existing Directors 

 David Jeffreys Williams         (Non-Executive Chairman - to resign on Admission)
 James Henry Merrick Corsellis   (Executive Director - to resign on Admission)
 Mark Irvine John Watts          (Executive Director - to become a Non-Executive Director on
                                 Admission)
 Benjamin Howard Shaw            (Non-Executive Director - to resign on Admission)

 Proposed Directors - to be appointed on Admission

 Michael Edward Wilson Jackson   (Chairman)
 Vinodka ("Vin") Murria          (Chief Executive Officer)


      FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION
(underlining the first name by which each is known or including any other name by which each is known):
  
    Percentage holding before admission     
                               %
 Marwyn Neptune Fund LP  88.9%
           Killik & Co*  11.1%

    * Killik & Co. hold the Ordinary Shares on behalf of their clients as a discretionary private client broker.
  
    Percentage holding after admission
        
  
                 Marwyn Neptune Fund LP  21.0%
  The Drury Lane Employee Benefit Trust  10.2%
                ISIS Equity Partners LP   9.2%
                             Lynn Woods   8.5%
                             Vin Murria   7.7%
                            James Berry   7.3%
              Close Investments Limited   6.8%
                 Hargreave Hale Limited   5.1%
             NVM Private Equity Limited   4.6%
 Credit Suisse Asset Management Limited   3.1%
  Artemis Investment Management Limited   3.1%
                          Anthony Hayes   3.1%


      NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
      N/A
       1.     ANTICIPATED ACCOUNTING REFERENCE DATE 
       2.     DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED
       3.     DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:
       4.     31 December 
       5.     31 December 2007 for the Company and 29 February 2008 for Adastra
       6.     Interims to 30 June 2008 to be released by 30 September 2009, year end to 31 December 2008 to be released by 30 June 2009;
interims to 30 June 2009 to be released by 30 September 2009

      EXPECTED ADMISSION DATE:
      27 August 2008 ("Admission"). Further shares will be admitted on 28 and 29 August 2008, via a split admission process

      NAME AND ADDRESS OF NOMINATED ADVISER:
      Collins Stewart Europe Limited, 9th Floor, 88 Wood Street, London EC2V 7QR

      NAME AND ADDRESS OF BROKER:
      Collins Stewart Europe Limited, 9th Floor, 88 Wood Street, London EC2V 7QR

      OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE
FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
      Copies of the Admission Document will be available free of charge to the public during normal business hours (Saturdays, Sundays and
public holidays excepted) at the offices of Collins Stewart Europe Limited, 9th Floor, 88 Wood Street, London EC2V 7QR from the date of
Admission until at least one month from the date of Admission in accordance with Rule 3 of the AIM Rules for Companies. The Admission
Document contains full details about the applicant and the admission of its securities

      DATE OF NOTIFICATION:
        8 August 2008

      NEW/ UPDATE:
      NEW





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