Holding(s) in Company

RNS Number : 7047P

Longships PLC

21 July 2010

 



21 July 2010

LONGSHIPS PLC ("Longships" or the "Company")

Holdings in Company

Longships was yesterday informed that Arlington Special Situations Fund ("Arlington") had placed its entire holding in the Company, which consisted of 6,550,002 ordinary shares of 1p each and represented 28.38% of the Company's share capital, with professional investors at 14 pence per share.

As a result of their participation in the placing the following have notified their disclosable interests as set out in the table below:

Name	Number of Shares	Date of Transaction
Charles Cannon - Brookes	357,000	16/7/2010
Malcolm Burne*	1,925,000	20/7/2010
Richard Lockwood	1,500,000	20/7/2010
CIPCO Limited	700,000	19/7/2010

Any further disclosable interests resulting from the placing will be announced to the market as soon as Longships receives notification.

As a result of these transactions the following directors and significant shareholders have new holdings in Longships and the revised holdings are presented in the table below. Longships still has 23,080,002 Ordinary Shares of 1p each in issue.

Name	Shareholding as at 21st July 2010	Percentage of Longships' Total Voting Rights
Charles Cannon - Brookes	757,000	3.28%
Malcolm Burne*	1,925,000	8.34%
Richard Lockwood	2,000,000	8.66%
CIPCO Limited	700,000	3.03%

Charles Cannon - Brookes is making disclosures due to his position as Investment Director of Longships Plc

* Malcolm Burne's holding is split between 225,000 shares which he holds directly and 1,700,000 shares which are held indirectly through his association with White Night investments Limited.

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Enquiries:

Longships Plc                                                                        Tel: [phone]

Nathan Steinberg - Director

Grant Thornton Corporate Finance (Nominated Adviser)          Tel: [phone]

Colin Aaronson/ David Hignell

 

 

 

 

 

END

 

 

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