Result of Equity Issue


13 March 2014

ISIN: GB0033277178

Wheelsure Holdings plc

("Wheelsure" or the "Company")

Result of Open Offer

On 18 February 2014, Wheelsure announced details of an Open Offer to raise up to GBP 291,102 through the issue of up to 29,110,206 new ordinary shares of 1p each in the Company (“Ordinary Shares”) at a price of 1p per share.

The Open Offer closed for acceptances at 11.00 a.m. on 12 March 2014 and the Company is pleased to announce that it received valid acceptances under the Open Offer, including applications received under the Excess Application Facility, in respect of 29,110,206 Open Offer Shares, representing 100 per cent. of the Open Offer Shares available in the Open Offer.

All applications made pursuant to the Open Offer will be met in full and a scaling back exercise has been undertaken with respect to applications made pursuant to the Excess Application Facility. In accordance with the terms of the circular to Shareholders dated 18 February 2014 (the "Circular"), the Directors have allocated the shares available for satisfying excess share applications between all Qualifying Shareholders who applied for excess shares, pro rata to their respective holdings of Ordinary Shares as at the Record Date, subject to limits placed by such Qualifying Shareholders in their application for such excess shares.

It is expected that the 29,110,206 Open Offer Shares will be admitted to trading on the ISDX Growth Market on Friday 14 March 2014. Definitive certificates in respect of Open Offer Shares taken up are expected to be posted to those Qualifying Shareholders who have validly elected to hold their Open Offer Shares in certificated form by 26 March 2014. In respect of those Qualifying Shareholders who have validly elected to hold their Open Offer Shares in uncertificated form, the Open Offer Shares are expected to be credited to their stock accounts maintained in CREST as soon as possible after 8.00 a.m. on 14 March 2014.

The proceeds of the Open Offer, amounting to GBP 291,102 (before expenses) will be used by the Company for general working capital purposes.

In conformity with rule 5.6.1 of the Disclosure and Transparency Rules, the Board of the Company notifies the market that, on admittance to trading of the Open Offer Shares, the total number of Ordinary Shares in issue will be 126,144,226 with each carrying the right to one vote. There are no Ordinary Shares held in Treasury and therefore this is also the total number of voting rights.

The directors of the Company are responsible for the contents of this announcement.

For further information please contact:

Wheelsure Holdings plc
Gerhard Dodl, CEO 01525 840 557

Peterhouse Corporate Finance Limited
Duncan Vasey and Mark Anwyl 020 7469 0930

This announcement should be read in conjunction with the full text of the Circular. All capitalised/defined terms in this announcement have the same meaning as those in the Circular.

Short Name: Wheelsure Holdings
Category Code: ROI
Sequence Number: 410669
Time of Receipt (offset from UTC): 20140313T130917+0000


Wheelsure Holdings Plc


Wheelsure Holdings Plc