Placing of Shares
October 08 2003 - 5:39AM
UK Regulatory
RNS Number:6525Q
Invox PLC
08 October 2003
Invox plc ("Invox" or "the Company")
The board of Invox are pleased to announce that certain of the Directors,
employees and former employees of the Company have today sold a total of
5,000,000 ordinary shares of 50p per share in the Company ("Ordinary Shares") to
institutional investors to assist in widening the shareholder base of the
Company and to increase the free float by reducing the aggregate shareholding of
the Directors from approximately 64.15% to approximately 37.01%. The Ordinary
Shares were placed by Numis at 280p per share.
The number of Ordinary Shares which the directors of the Company have sold and
the percentage that they now hold are as follows:
Director Number of Ordinary Number of Ordinary Issued Share Capital
Shares sold Shares now held of Company
Paul Hargrave 1,422,507 1,741,659 10.85%
Stephen Hargrave 865,792 1,060,041 6.60%
Jerry Reidy 557,838 682,995 4.25%
Carl Tatton 1,511,672 1,850,828 11.53%
Nigel Wray Nil 606,666 3.78%
Commenting on the placing, Stephen Hargrave, Chairman of Invox, said: "The board
believes that it is important as part of the Company's ongoing development as a
public company to continue to widen its shareholder base and provide greater
liquidity in the Company's shares. The placing which has resulted in an
enlarged base of more than 20 institutional shareholders has, I believe, been a
great endorsement of the strengths of Invox and its management team".
Enquiries:
Stephen Hargrave, Chairman, Invox Plc 020 7242 0735
Paul Hargrave, Managing Director, Invox Plc 0121 214 9900
Niall Devins, Numis Securities Limited 020 7776 1500
This information is provided by RNS
The company news service from the London Stock Exchange
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