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IDMoS plc - Placing of 2,395,793 sharesLondon, 15 September 2005 IDMoS plc (AIM:IDO), the specialist in disease detection and monitoring technology, today announces the conditional placing (the "Placing") of 1,477,073 new ordinary shares of 5p each ("new Ordinary Shares") at 158 pence per share. The new Ordinary Shares, which represent approximately 10.0 per cent of the current issued ordinary share capital of the Company, have been conditionally placed by Code Securities Limited, on behalf of the Company, with institutional investors and the Placing is expected to raise approximately £2.3 million for the Company. The Company expects to use the proceeds for general working capital purposes and in particular to bring forward the development of its projects and collaborations in the dental and medical fields. The Placing is conditional, inter alia, on admission of the new Ordinary Shares to trading on AIM. Application will be made for the new Ordinary Shares to be admitted to trading on AIM and it is expected that trading in the new Ordinary Shares, which will rank pari passu in all respects with the existing ordinary shares in the Company, will commence on AIM on 20th September 2005. Placing of existing shares Stephen Westwood, Chief Executive Officer, said: "I am very pleased to be placing this stock in response to strong institutional demand from existing as well as new institutional investors, and to be increasing overall liquidity. The Company has shown good progress since its listing on AIM, including the signing of a significant development and commercialisation agreement with Dentsply International, Inc. and the establishment of a collaboration to develop its technology in the area of oncology. We look forward to continuing our strong progress in the dental area as well as in new disease applications and these new funds will allow us to greatly further our efforts in this regard." For further information, please contact:
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