ITO Intechnology

RNS Number:4861P
InTechnology PLC
15 August 2000


InTechnology plc ("InTechnology" or the "Company")

Result of Rights Issue

The Board of InTechnology is pleased to announce that, by 3.00 p.m. on 14
August, 2000, the latest time for acceptances under the Rights Issue, valid
acceptances had been received in respect of 5,553,253 new Ordinary Shares,
representing approximately 92.55 per cent. of the new Ordinary Shares offered
by way of rights at 150p per share.

Subscribers have today been procured for the 446,676 new Ordinary Shares for
which valid acceptances were not received, at a price of 282p per Share. This
represents a premium of 132p per Share over the Rights Issue Price of 150p per
Share. The net proceeds, after deduction of the Rights Issue Price and the
expenses of procuring subscribers, will be paid pro rata by cheque to the
provisional allottees originally entitled thereto, except that entitlements of
less than #3.00 will not be paid but will be aggregated and retained for the
benefit of the Company. 

Sub-underwriters will not be required to subscribe for any shares.

It is expected that definitive certificates in respect of the new Ordinary
Shares will be despatched to Shareholders by 22 August 2000.

Fractional entitlements arising pursuant to the Rights Issue were not
allotted.  These fractional entitlements amounted to 71 shares.  There are now
137,999,929 ordinary shares of 1p each in issue in InTechnology.

15 August 2000

Enquiries

InTechnology plc
Andrew Kaberry       01423 877 440


WestLB Panmure Limited
Tim Linacre          0171 638 4010

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