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Published on 2/5/2007 in the Prospect News PIPE Daily.

New Issue: IX Euorpe plans £5.07 million private placement of shares

By Laura Lutz

Washington, Feb. 5 - IX Europe plc announced a private placement of shares for £5.074 million.

The company sold 8.6 million ordinary shares to institutional investors at 59p per share.

Proceeds will be used to build data centers and infrastructure.

IX Europe is a London-based data services company.

Issuer:IX Europe plc
Issue:Ordinary shares
Amount:£5.074 million
Shares:8.6 million
Price:59p
Warrants:No
Pricing date:Feb. 5
Stock symbol:London: IXE
Stock price:69.4p at close Feb. 5

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