St Mark Homes Plc Offer Update
September 29 2016 - 9:06AM
UK Regulatory
TIDMSMAP
ST MARK HOMES PLC
St Mark Contracts Offer Update and Issue of Equity
28 September 2016
Offer Update
On 17 June 2016 the Boards of St Mark Contracts Ltd (SMC)and St Mark Homes PLC
(SMH) announced the terms of a recommended all share offer for the entire
issued share capital of SMC. The terms and conditions of that offer were set
out in an Offer Document dated 17 June 2016.
Issue of Equity and Directors Interests
As SMH had already acquired a relevant interest in more than 90% of the
SMC shares it exercised its right to acquire any remaining shares at 11 August
2016 under the compulsory acquisition provisions of the Companies Act on the
same terms as under the Offer.
The company is now therefore completing the acquisition of the entire share
capital of SMC by issuing a further 47,500 new ordinary shares ranking pari
passu with the existing ordinary shares.
Following this issue there are now 3,731,795 ordinary shares in issue.
The aggregate direct interests of the Directors of St Mark and their spouses is
577,500 shares (15.5 % percent of the issued capital of the Company):
Bernard Tansey: 382,500 shares 10.26%
Barry Tansey: 82,750 shares 2.22%
Sean Ryan: 101,250 shares 2.72%
William Gair: 11,000 shares 0.30%
In addition members of the family of the Chairman, Bernard Tansey, and Chief
Executive Officer, Barry Tansey own an additional 167,285 shares (4.44% of the
issued share capital).
The Directors of St Mark Homes PLC accept responsibility for this announcement
END
(END) Dow Jones Newswires
September 29, 2016 10:06 ET (14:06 GMT)