Director/PDMR Shareholding

RNS Number : 5128N

Numis Corporation PLC

18 February 2009

 

WEDNESDAY 18 FEBRUARY 2009   

Numis Corporation Plc ('Numis')

Director's Dealing - Change in Substantial Shareholding

The Board of Numis today received notification from IPGL Limited ('IPGL') and its wholly owned subsidiary, Incap Finance B.V. ('Incap'), pursuant to AIM Rule 17 and the Disclosure Rules and Transparency Rules ('DTR'), that in aggregate they have sold their entire holding of 13,102,934 (12.18%) Numis shares at a price of £1.20 per ordinary share. The shares have been placed with a number of institutional investors. Michael Spencer retains 20,000 (0.02%) Numis shares held in his personal capacity. 

Michael Spencer has also announced his intention to step down from Numis' Board to focus on his other business interests. Michael will remain as Chairman whilst a search for his successor is conducted, in order to ensure an orderly transition.  

Michael Spencer is the Chairman of IPGL Limited ('IPGL').  Michael Spencer, together with his wife and Children's Trusts, own approximately 55.1 per cent. of IPGL's issued share capital. 

Michael Spencer's interest in Numis following the disposal of shares is: -

Name	No of shares sold	% of shares in issue	Total shares now held	% of shares in issue
Michael Spencer	13,102,934	12.18%	20,000	0.02%

Michael Spencer commented, 'It has been amazing to be part of Numis over the last five years, helping it grow from a firm with 62 people and 40 corporate clients to one of the leading independent investment banking and institutional stockbroking businesses that it is today.  I wish the firm continued success in the future'.

Oliver Hemsley, Chief Executive, said, 'We have been incredibly fortunate to have someone of Michael's stature and calibre to help guide the management team in developing the business and getting it into the right shape to serve the needs of our growing client base. He will be missed, but will remain a close friend of the firm'. 

The total number of Numis shares in issue is currently 107,555,594. Following the listing of shares on 19 February, the total number of shares in issue will be 108,199,112, as announced on 28 January 2009. Each ordinary share will carry the right to one vote. There are no shares held in treasury.

The total number of voting rights in Numis will therefore be 108,199,112.

18 February 2009  

END

Contacts

Numis Corporation:        

Oliver Hemsley, Chief Executive                       020 7260 1256
Simon Denyer, Company Secretary                   020 7260 1225

Brunswick:

Gill Ackers                                                      020 7396 5382

PricewaterhouseCoopers LLP (Nominated Adviser):

Simon Boadle                                                  020 7583 5000                            

Jon Raggett                                                     020 7583 5000       

 

END

 

 

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