Lo-Q PLC
31 January 2008
Directors' shareholdings
Lo-Q plc (the 'Company')
The Company received notification that John Lillywhite and Tony Bone, directors
of the Company, have today exercised options over 209,000 ordinary shares of 1p
each in the Company ('Shares') and 182,875 Shares respectively, all at an
exercise price of 3.5p per Share.
The Company also received notification that today Mr Lillywhite and Mr Bone have
sold 104,500 Shares and 91,437 Shares respectively at 18p per Share in order to
realise sufficient funds to settle the resultant tax and national insurance
liability arising as a result of the exercise of their options.
As a result of the above transactions, Mr Lillywhite's interest comprises
145,500 Shares, representing 0.9 per cent. of the enlarged issued share capital
of the Company, and Mr Bone's interest comprises 331,517 Shares, representing
2.12 per cent. of the enlarged issued share capital of the Company.
The Company also received notification today that Jeff McManus, Chairman of the
Company, purchased 50,000 Shares at a price of 18p per Share, and that Steve
Drake, director of the Company, purchased 20,000 Shares at a price of 18.5p per
Share. As a result of these purchases, Mr McManus is now interested in 953,414
Shares representing 6.2 per cent. of the enlarged issued share capital of the
Company, and Mr Drake is now interested in 234,384 Shares representing 1.53 per
cent. of the enlarged issued share capital of the Company.
Application has been made for the 391,875 new Shares to be admitted to trading
on AIM. The new Shares will rank pari passu with the Company's existing issued
Shares. Admission is expected to take place on 6 February 2008 ('Admission').
Total Voting Rights
In accordance with the FSA's Disclosure and Transparency Rules, the Company
notifies that upon Admission the Company's total issued share capital with
voting rights will consist of 15,321,101 ordinary shares of 1p each, with one
voting right per share. The Company holds no shares in Treasury.
The above figure may be used from Admission by shareholders in the Company as
the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change in their interest in, the
share capital of the Company.
Contact:
Jeffrey McManus +44 (0) 1491 577 210
Non-Executive Chairman
John Prior +44 (0) 20 7012 2000
Arbuthnot Securities Limited
This information is provided by RNS
The company news service from the London Stock Exchange
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