Interactive Prospect Targeting Holdings plc

The following information is disclosed in accordance with Rule 26 of the AIM Rules for Companies. This page was last updated on 29th July 2010.

Directex Realisations plc (formerly Interactive Prospect Targeting Holdings plc) was the AIM-listed holding company of one of Europe's leading online marketing groups.

Following the sale of its UK businesses between September and November 2008 and French subsidiaries in April 2009 and January 2010, the Group now comprises the Company and its principal wholly-owned subsidiary, Direct Excellence Limited (until October 2008 Interactive Prospect Targeting Limited), and these companies will continue to trade as going concern investment holding companies whilst the Board seeks to maximise Shareholder value. This will involve the following:

  • Dealing with post-completion issues in relation to the sale of Directinet and Netcollections, including the collection of any further amounts of consideration and the resolution of any warranty claims.
  • Optimising the value of the Group’s 12.2% interest in the ordinary share capital of Web-Clubs Limited (“WCL”), an online marketing business which is a closely held private company and in which the Group has had an investment for some years.
  • Realising any remaining tax recoveries in France.
  • Settling any remaining liabilities.
  • Maximising the return from surplus funds held by the Group.
  • Keeping the Group overhead as low as possible.
  • Considering whether and how best to return funds to Shareholders.

Country of incorporation and main country of operation
Directex Realisations plc is incorporated in England (Registration Number 5173250). Direct Excellence Limited is incorporated in England (Registration Number 3896907); it operates in France through its Branch in that country.

Current constitutional documents
Memorandum and Articles of Association

Details of any other exchanges or trading platforms
The Company’s shares are admitted to trading on AIM and it is not listed on any other exchanges or trading platforms

Number of securities in issue
Issued share capital: 50,518,355 ordinary shares
Shares held in treasury: 60,000 ordinary shares
Percentage of shares not in public hands: 42.12%

Restrictions on share transfer
The shares of the Company are freely transferable

Financial information:

Annual report 2009
Interim Results to 30 June 2009
Annual report 2008
Interim Results to 30 June 2008
Annual report 2007
Interim Results to 27th September 2007
Annual report 2006
Interim Results to 30th June 2006
Annual report 2005
Annual report 2004
Annual report 2003

Regulatory company announcements:
Click here for more information

AIM admission document and shareholder publications:
Click here for more information

Significant Shareholdings

As at 29th July 2010, the Company had been notified that the following were interested in 3% or more of the Company's share capital:

Shareholder Ordinary shares Issued share capital %
Jonathan Lander 6,000,000 11.88%
Lionel Thain 5,740,280 11.36%
Fortelus Capital Management LLP 4,988,987 9.88%
RBC Dexia Investor Services Bank SA 3,622,939 7.17%
Colin Szwed 3,092,222 6.12%
Stephane Zittoun / Amoleen Invest SA 2,158,845 4.37%
Kenneth Russell 2,000,000 3.96%
Click here to view our current share price (DXR)

Directex Realisations plc
Registered in England, No. 5173250

Registered Office:
c/o Dawnay, Day Lander
York House
74-82 Queen Victoria Street
London
EC4N 4SJ


Board of Directors:

Jonathan Lander - Chairman
Martin Kiersnowski - Director and Director of Direct Excellence Limited and Prèsident Direct Excellence French Branch
Nicholas Lander - Director and Company Secretary

Sub-committees:

Remuneration committee
Responsibilities of the Remuneration Committee

Audit Committee
Responsibilities of the Audit Committee

Nominated advisers:

Libertas
16 Berkeley Street
London
W1J 8DZ
Tel: +44 (0)20 7569 9695

Auditors

Deloitte & Touche LLP
Abbots House
Abbey Street
Reading
RG1 3BD

Registrars

The Capita Group Plc
71 Victoria Street
London
SW1H 0XA
Tel: +44 (0)20 7799 1525

Financial PR

College Hill Associates
Royal Mint Court
London
EC3N 4QN
Tel: +44 (0)20 7457 2020