Director Shareholding
June 25 2003 - 12:36PM
UK Regulatory
RNS Number:7897M
Screen PLC
25 June 2003
Directors' Shareholdings
Screen plc, which serves the homeland security related markets, announces that
#450,000 of repayable on demand loan notes ("Loan Notes"), which were acquired
by certain of the directors of Screen plc ("the Directors") on 28 March 2003,
have on 25 June 2003 been converted into equity (as noted in the AGM Statement,
made on 12 June 2003).
The Loan Notes were converted to equity to the value of #162,500 based on a
share price of 12p and resulting in the issue of 1,354,167 new ordinary shares
of 1p each in the Company ("New Ordinary Shares").
The Company has today applied for the New Ordinary Shares to be admitted to the
Alternative Investment Market ("AIM") and Admission of the New Ordinary Shares
to AIM is expected to become effective on 30 June 2003.
Following conversion of the Loan Notes, the following Directors were issued a
total of 1,151,053 New Ordinary Shares on 25 June 2003 at 12p per share.
Director Number of New % of enlarged Enlarged holding % of enlarged
Ordinary Shares issued issued capital
capital
Mr Adrian Merryman, 275,665 0.42% 360,665 0.55%
Chief Executive
Mr Timothy Wightman, 580,363 0.89% 1,360,363 2.08%
Mr Timothy Sulivan 87,057 0.13% 191,057 0.29%
Mr Ian Taylor, 120,911 0.18% 300,366 0.46%
Chairman
Dr Geoffrey Carswell 87,057 0.13% 207,057 0.32%
Contacts:
Screen plc
Adrian Merryman - CEO
Tel: 01932 753 970
info@screenplc.com
www.screenplc.com
Binns & Co PR Ltd
Peter Binns, Paul McManus
Tel: 0207 786 9600
paul.mcmanus@binnspr.co.uk
www.binnspr.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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