Issue of Equity
October 02 2003 - 5:59AM
UK Regulatory
RNS Number:4497Q
BNB Resources PLC
02 October 2003
2 October 2003
BNB Resources PLC
("BNB" or "the Company")
Directors' & other interests
Issues of new Ordinary Shares
Allotment in lieu of Non-Executive Directors' Fees
Further to the authority granted to the Company to issue new ordinary shares of
5p each ("new Ordinary Shares") in lieu of certain non-executive Directors'
fees, the Company has today issued in aggregate 55,312 new Ordinary Shares at
16p per share for the quarter ended 30 September 2003 as follows:
27,187 new Ordinary Shares to Julian Treger, in respect of his services as
non-executive Chairman; and
28,125 new Ordinary Shares to Xanthus Limited ("Xanthus") in respect of Roderick
MacLeod, non-executive Director.
Allotment in Lieu of Consultancy Fees
The Company has today allotted 7,812 new Ordinary Shares to Stanley Davis in
satisfaction of his consultancy fees to BNB's Norman Broadbent Business.
Allotment in Lieu of Fees due to AI Transactions Ltd
The Company has today allotted 200,000 new Ordinary Shares to AI Transactions
Ltd in part satisfaction of fees relating to the acquisition of Garfield Robbins
Limited.
Application has been made for an aggregate amount of 263,124 new Ordinary Shares
to be admitted to trading on AIM and dealings are expected to commence on 9
October 2003.
The interests in the Company of Julian Treger, Xanthus Limited and the members
of the Concert Party and updated for the issue of the new Ordinary Shares, are
as follows:
Concert Party Number of Percentage Number of
Ordinary Shares of issued Warrants
share capital
Perry Sub-concert Party
Xanthus Limited 16,342,362 21.05% 222,076
Round Enterprises Limited 15,128,240 19.49% 199,218
31,470,602 40.54% 421,294
Montelle Sub-concert Party
Montelle 17,070,998 21.99% 386,101
Madison Trust 528,456 0.68% 13,649
The & Trust 3,421,443 4.41% 57,068
Brian Myerson 69,914 0.09% -
Julian Treger 131,218 0.17% -
21,222,029 27.34% 456,818
Pension Plans 555,738 0.72% -
Total 53,248,369 68.60% 878,112
Julian Treger has a possible beneficial interest in Montelle Properties Limited
and Roderick MacLeod has an indirect controlling interest in Xanthus Limited.
Press enquiries:
Paul Turner, Group Finance Director
BNB Resources PLC 020 7634 1073
Alex Borrelli
Shore Capital 020 7408 4090
Definitions:
'Concert Party' as defined in the circular to shareholders dated 21
November 2002
'Ordinary Shares' ordinary shares of 5p each in the Company
'Pension Plans' BNB Resources Pension Trustees Limited and The BNB
Resources Performance Share Plan
'Warrants' warrants to subscribe for new Ordinary Shares
This information is provided by RNS
The company news service from the London Stock Exchange
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