Issue of Equity

RNS Number : 9468C

Creightons PLC

24 March 2014

 



CREIGHTONS PLC ("THE COMPANY")

ISSUE OF EQUITY

The Board of Creightons plc (the "Company") is pleased to announce that the Company has issued and allotted 3,876,550 new ordinary shares in fulfilment of the exercise of options held by members of the management team under the terms of the Company's share option scheme. 3,256,550 options were exercised at a price of 2p per new ordinary share and 620,000 options were exercised at a price of 1.38p per share, raising a total of £73,687 for the Company, and representing approximately 6.64 per cent. of the enlarged issued share capital.

Application has been made for the 3,876,550 new ordinary shares to be admitted to the Official List of the UK Listing Authority.  Application has also been made to the London Stock Exchange plc for such new ordinary shares to be admitted to trading on its market for listed securities.  It is expected that listing and trading will be effective from 27 March 2014.

As a result of exercising options at 2p per new ordinary share under the Company's share option scheme, Mr W McIlroy, a director of the Company, has advised the Company that he has acquired 1,303,275 new ordinary shares, and that his notifiable holding is now 16,219,275 representing approximately 27.79% of the enlarged issued share capital.

As a result of exercising options at 2p per new ordinary share under the Company's share option scheme, Mr BJM Johnson, a director of the Company, has advised the Company that he has acquired 1,303,275 new ordinary shares, and that his notifiable holding is now 4,787,844 representing approximately 8.20% of the enlarged issued share capital.

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, the total number of ordinary shares in issue following admission of the new ordinary shares will be 58,355,426, each carrying the right to one vote.  The above 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 FCA's Disclosure and Transparency Rules.

The Company intends issuing its next trading results, for the period ending 31^st March 2014, on or before 30th June 2014.

NDJ O'Shea

Director

Peterborough

21^st March 2014

For further information, please contact Mr NDJ O'Shea at the company's offices on 01733 281000.

 

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