Endace Share Information

In accordance with AIM Rule 26, Endace Limited (“Endace” or the “Company”) is obliged to disclose the following information.  This information was last updated on 11 June 2009. 

Number of AIM securities in issue (noting any held as treasury shares)

As at 11 June 2009, the Company's issued share capital consisted of 14,976,276 ordinary shares with each share carrying the right to one vote. The Company holds no shares in Treasury. 

Identity and percentage holding of significant shareholders

As at 11 June 2009, the Company has been advised of the following significant shareholders (as defined in the AIM Rules):

Percentage of AIM securities not in public hands

Out of the above significant shareholders, the Company considers those with an asterix to be not in public hands as the shares are held by a related party, on the basis that they are a substantial shareholder or a director. In addition, 2.11% of the shares are owned by John Scott and Mark Rowan who are directors of the Company. Accordingly, insofar as the Company is aware, shares equaling 33.13% should be considered not in public hands for the purposes of Rule 26. Definitions of the terms in bold are set out in the AIM Rules.

Details on restrictions on the transfer of AIM securities

Restrictions on the transfer of Endace shares are set out in full in the Company’s Constitution.  In summary, the Board may decline to register any shares where (i) the Company has a lien on any of the shares; or (ii) the shares are not fully paid up; or (iii) the transfer is not accompanied by the certificate (if any) for the shares to which it relates or other evidence as the Board may reasonably require; or (iv) the effect of the transfer would be to reduce the number of shareholders to less than 50, that by virtue of not having the minimum number of shareholders the Company would cease to be subject to the provisions of the New Zealand Takeovers Code and the transfer is not to a person who has made an offer pursuant to the New Zealand Takeovers Code that is either unconditional or has been declared unconditional.  The Board may also decline to register a transfer of shares if they represent at least 0.25% in number of any class and there has been a failure to comply with a notice requiring disclosure of interests in the shares. 

Rights of Shareholders

Please note that although Endace is an AIM company, it is not incorporated in the UK, therefore your rights and obligations as a shareholder may be different from the rights of shareholders in a UK incorporated company.