Issue of Equity
July 02 2008 - 9:21AM
UK Regulatory
RNS Number : 1721Y
Conival plc
02 July 2008
2 July 2008
Conival Plc
("Conival" or "the Company")
Issue of Equity
Further to the announcement released on 25 April 2008 in relation to a Convertible Loan Agreement, Conival Plc (AIM:CVL), the specialist
branded food and beverage company, today announces that Corvus Capital Inc ("Corvus") has agreed to assign the benefit of a 55,065,238
Ordinary Shares of 0.5p each, representing 13 per cent of the enlarged issued share capital of the Company, to a non-connected third party.
These shares have since been placed with other parties and there is no further disclosable interest required in relation to these shares.
These shares have been allotted and issued at par. Application for these shares to be admitted to trading on AIM has been made and is
expected to occur on 4 July 2008. Following this issue there will be 423,585,238 Ordinary Shares of 0.5 pence each in issue.
The Company was informed yesterday, that Marco Pierre White has disposed of his entire holding of 23,000,000 Ordinary Shares and no
longer has a disclosable interest in the Company. Earlier this year Corvus Capital Inc informed the Company that it no longer held a
disclosable interest in the Company. Accordingly following allotment and issue, the interests of the Directors and the members of Concert
Party in the Ordinary Shares of the Company will be as follows:
Name Ordinary Shares % of issued share Ordinary shares % of issued share
prior to issue of capital prior to after the issue of capital after the
equity issue of equity equity issue of equity
Corvus Capital Inc Nil 0.00 Nil 0.00
Marco Pierre White Nil 0.00 Nil 0.00
Michael Hirschfield1 650,000 0.18 650,000 0.15
Directors
Jeremy Schwartz 1,250,000 0.34 1,250,000 0.3
Alexander Spencer-Churchill 600,000 0.16 600,000 0.14
1.Of these, 600,000 shares are held by Kitwell Consultants Limited, a company controlled by Mr Hirschfield and which acts as Company
Secretary to Conival plc.
Enquiries:
Conival plc 0870 389 6999
Jeremy Schwartz, Chief Executive
John Bick 07917 649362
W.H. Ireland 0121 265 6330
Tim Cofman / Nicola Rayner
This information is provided by RNS
The company news service from the London Stock Exchange
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