News
Events
RSS Feeds

News VIRAGE LAUNCHES DEDI... | AUTONOMY CORPORATION... | MERIDIO WINS THE TEC...
Press Release
Related Events
Related Case Studies
Related Resources

Autonomy Corporation plc - Investment by Co-Founders

Cambridge, England - 29 November 2005 - Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software, today announces that Autonomy’s co-founders Dr Michael Lynch, group Chief Executive Officer, and Richard Gaunt, Technical Director, have each committed to significant new investment in Autonomy. As part of the Rights Issue, Dr Lynch today subscribed for 3,021,766 Autonomy Rights Issue Shares and Mr Gaunt subscribed for 318,861 Rights Issue Shares.

The following disclosure is in accordance with section 324 of the Companies Act and Disclosure Rule 3.1.2R: On 28 November 2005 Autonomy was duly notified that Dr Lynch had sold 6,388,999 of his Nil Paid Rights at 90p per Nil Paid Right. On 28 November 2005 Autonomy was duly notified that Mr Gaunt had sold 909,259 of his Nil Paid Rights at 90p per Nil Paid Right.

On 29 November 2005 Autonomy was duly notified that Dr Lynch invested £2,000,000 in Autonomy Rights Issue Shares, together with the proceeds of the sale of his Nil Paid Rights, for an aggregate investment in 3,021,766 Autonomy Rights Issue Shares. Also on 29 November 2005 Autonomy was duly notified that Mr Gaunt had invested the proceeds of the sale of his Nil Paid Rights in 318,861 Autonomy Rights Issue Shares.

Following the take up of their rights Dr Lynch and Mr Gaunt will have the following interests:

Name Rights Issue Shares subscribed in the Rights Issue Nil Paid Rights sold during Rights Issue Resulting Total Holding % Total Holding (1)
Dr Michael Lynch 3,021,766 6,388,999 21,843,298 12.2%
Richard Gaunt 318,861 909,259 2,775,101 1.5%

(1) Assuming 179,385,495 ordinary shares, nominal value 1/3p per share, outstanding following completion of the Rights Issue.

Certain terms used in this announcement are defined and have the same meaning as in the Prospectus relating to the Rights Issue.

Enquiries:

Autonomy Financial Media Contacts: Autonomy Analyst and Investor Contacts:
Edward Bridges
Financial Dynamics
+44 (0)20 7831 3113
Sushovan Hussain, Chief Financial Officer
Autonomy Corporation plc
+44 (0)1223 448 000

This is a selection of our forthcoming events, please visit our seminars page for more information.

Automatic Hyperlinks provided by IDOL Server

This is a small selection of the Autonomy case studies available, please visit our publications site at http://publications.autonomy.com/ for more information.

Automatic Hyperlinks provided by IDOL Server

Tweet this articletweet this
+1 415 243 9955

About Us
Technology
Functionality
Products
Solutions
Services
Customers
Partners
News & Events
Contact Us