Issue of Equity and Total Voting Rights
March 15 2010 - 11:21AM
UK Regulatory
TIDMVTS
RNS Number : 6057I
Vantis PLC
15 March 2010
15 March 2010
Vantis plc ("Vantis" or "the Company")
Issue of Equity & Total Voting Rights
Vantis plc announces that application has been made for an additional 3,252,534
New Ordinary Shares of 10 pence each ("New Ordinary Shares") to be admitted to
trading on AIM.
The 3,252,534 New Ordinary Shares will rank pari passu with the existing
Ordinary Shares of the Company. Trading in the New Ordinary Shares is expected
to commence on 19 March 2010 and, subsequent to their issue, the total number of
ordinary shares in issue is 62,092,253.
The above figure of 62,092,253 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
Disclosure and Transparency Rules.
The New Ordinary Shares were issued and allotted under the following pre
existing obligations.
Deferred Consideration
A total of 682,664 New Ordinary Shares have been issued and allotted in relation
to vendor performance consideration due to the vendor of Redhead French which
was acquired by Vantis in February 2004.
A total of 280,552 New Ordinary Shares have been issued and allotted in relation
to vendor performance consideration due to the ex-partners of Rouse & Co. which
was acquired by Vantis in April 2006. Please note the 623,448 shares issued on
12 August 2009 and announced in an RNS released on 19 August 2009 were issued at
a price of 50p per share and not 72.5p as previously announced.
A total of 586,064 New Ordinary Shares have been issued and allotted in relation
to performance consideration due to the ex-partners of Keith Robinson & Co.
which was acquired by Vantis in December 2008.
A total of 50,000 New Ordinary Shares have been issued and allotted in relation
to vendor performance consideration due to David Rankin.
Bonuses and other revenue items
A total of 1,476,130 New Ordinary Shares have been issued and allotted to
employees of the Company as bonus remuneration paid in shares.
Remuneration
Ken Dulieu, a Non-Executive Director of the Company, has been issued and
allotted 18,939 New Ordinary Shares as remuneration paid in shares. Mr. Dulieu
has also been issued and allotted 185,185 New Ordinary Shares as remuneration
for consultancy services provided to the Company. Mr. Dulieu will hold 319,991
shares in the Company representing 0.5% of the total issued capital following
the award.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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