Starvest PLC Issue of Equity, TVR and Directors' Holdings (7418M)
October 17 2016 - 9:21AM
UK Regulatory
TIDMSVE
RNS Number : 7418M
Starvest PLC
17 October 2016
Monday 17 October 2016
Starvest Plc ("Starvest" or "the Company")
Issue of Equity, Total Voting Rights and Directors' Holdings
The Company is pleased to announce that it has today resolved to
issue a total of 725,000 new ordinary shares of GBP0.01 in the
Company ("Ordinary Shares") at a price of 2.00p per Ordinary Share
to its directors in lieu of a proportion of fees for the three
months ended 30 September 2016. The issue of new Ordinary Shares to
directors is in accordance with the Company's enhanced focus on
limiting the outflow of cash from the business at this time,
thereby preserving cash for investment opportunities as they
present themselves.
The following table shows the number of new Ordinary Shares
issued to each director and their resultant total holdings:
Director Number of Interest % of enlarged
name ordinary in enlarged share capital
shares issued issued share
capital
Callum N
Baxter 500,000 2,015,872 5.00%
John Watkins
Note 1 225,000 2,142,142 5.31%
Note 1: Includes 1,200,000 ordinary shares held by his wife, Mrs
Diane Mary Watkins.
Application will be made for the new shares to be admitted to
trading on AIM with admission expected to take place on or around
21 October 2016.
Following admission, the Company's enlarged share capital will
comprise 40,343,446 Ordinary Shares. Therefore the total number of
Ordinary Shares with voting rights is 40,343,446. This figure may
be used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
Callum N Baxter
Chairman & Chief Executive
17 October 2016
Enquiries to:
Callum Baxter, Chairman cbaxter@starvest.co.uk or John Watkins,
Finance Director 07768 512 404; jwatkins@starvest.co.uk
Colin Aaronson or Harrison Clarke - Grant Thornton UK LLP 02073
835 100
Nick Emerson or Andy Thacker - SI Capital Limited 01483 413
500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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