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Issue of Equity 04.20.07
The Board of AIC announces that it has issued 21,587 common shares. Application
has been made for these common shares to be admitted to trading on AIM. These
common shares will rank pari passu with the existing common shares in AIC, and
trading of these shares on AIM is expected to commence on Thursday 26 April
2007.
21,490 of these shares were issued pursuant to a consultancy agreement entered
into on 25 October 2006, as disclosed in the Admission Document. The remaining
97 shares relate to an exchange rate difference on the conversion of US$500,000
of promissory notes between the rate calculated on the date of the Admission
Document and the rate on the date that the notes were ultimately converted.
Including these shares, the total number of common shares in issue as of 26
April 2007 will be 42,290,115.
For further information, please contact: Applied Intellectual Capital
Dr. Stephen Clarke
Tel. +1 925 639 9399
