Ingenta, one of the UK's top 20 web services and a world leader in creating online knowledge communities, is reversing into the AIM-listed Delyn Group plc.
Users of ingenta are provided with a broad aggregation of articles from professional, technical and research journals not searchable through normal web search engines.
The company's business-to-business services aimed at the global community of information and research professionals also extend to creating vertical knowledge communities for specialist sectors such as animal science and human nutrition.
The proposed Pounds 118 million reverse acquisition of ingenta limited will be largely funded by the issue of new shares to the owners of ingenta. The proposals also include a placing of new ordinary shares at 280p per share to raise Pounds 3m and a change of name to ingenta plc.