$275 Million Sale of Information Services Division -ISD- Completed, 27.9M Pound -$44M- New Equity Injection Confirmed.Business Editors LONDON--(BUSINESS WIRE)--May 5, 2000 Formal Name Change to Bright Station plc Effective Today - May 5 Stock Symbols to Change to BSN BSN abbr. Bachelor of Science in Nursing On LSE LSE - Language Sensitive Editor And BSTN On NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on On May 8 The Dialog Corporation plc (NASDAQ:DIAL, LSE:DLG DLG - (DFA-based Lexical analyser Generator) The lexical analyser generator in the Purdue Compiler-Construction Tool Set. ) ("the Company") announced today that it has completed the sale, for $275 million, of its Information Services Division (ISD) to The Thomson Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :TOC). This completion having taken place, The Thomson Corporation has been allotted 9,297,290 New Ordinary Shares in Bright Station at a price of 170.5 pence per share ($10.50 per ADS). In addition, JIYU Holdings has been allotted 7,038,123 New Ordinary Shares in Bright Station, also at a price of 170.5 pence per share ($10.50 per ADS). These subscriptions provide (pound)27.9 million ($44.0 million) of new equity investment in the Company, and result in Thomson Corporation and JIYU Holdings holding 5.4% and 4.1% respectively, of the enlarged issued share capital. These New Ordinary Shares will be admitted to the official list today, May 5, 2000. As of today, May 5, 2000, the Company will formally change its name to Bright Station plc. As of May 8, 2000, its stock symbols will change to BSN on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. and to BSTN on NASDAQ. Bright Station plc is comprised of three divisions: -- Web Solutions (WSD) focused on the proprietary InfoSort content indexing technology, Muscat natural language search technology, WebTop/WebCheck concept-based search tool and the Knowledge Management suite of solutions. Bright Station's Knowledge Management business has officially been re-named SmartLogik.; -- ECommerce (ECD) contains the B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business OfficeShopper Internet procurement business, and the Sparza B2B eCommerce licensing technologies.; -- Internet Ventures (IVD), being launched in conjunction with the official formation of Bright Station, will nurture and invest in, promising high technology and Internet start-up businesses leveraging the Company's technology assets and expertise. Bright Station's American Depositary Shares (ADS) will trade on NASDAQ under the symbol 'BSTN' with four Ordinary Shares comprising one ADS; its Ordinary Shares trade on the London Stock Exchange under the symbol 'BSN.' |
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