Issue of Equity, TVR and Directors' Holdings

RNS Number : 4092F
Starvest PLC
17 May 2017
 

17 May 2017

 

 

 

Starvest Plc ("Starvest" or "the Company")

Issue of Equity, Total Voting Rights and Directors' Holdings

 

The Company is pleased to announce that it has resolved to issue a total of 754,717 new Ordinary shares of £0.01 in the Company ("Ordinary Shares") at a price of 2.12p per Ordinary Share as follows to its directors in lieu of a proportion of fees for the three months ended 31 March 2017.  The issue of new Ordinary Shares to directors is in accordance with the Company's enhanced focus on limiting the outflow of cash from the business, thereby preserving cash for investment opportunities as they present themselves.

 

The following table shows the number of new Ordinary Shares issued and their resultant total holdings:

 

Shareholder/Director name

Number of ordinary shares issued

Interest in enlarged issued share capital

% of enlarged share capital

Callum N Baxter

471,698

3,707,570

7.01%

Gemma Cryan

70,755

645,755

1.22%

John Watkins *

212,264

2,575,143

4.87%

*  Includes 1,200,000 ordinary shares held by his wife, Mrs Diane Mary Watkins.

 

Application will be made for the new shares to be admitted to trading on AIM with admission expected to take place on, or around, 24 May 2017.

 

Following admission, the Company's enlarged share capital will comprise 52,898,163 Ordinary Shares.  Therefore the total number of Ordinary Shares with voting rights is 52,898,163.  This 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

Callum N Baxter

Chairman & Chief Executive

17 May 2017

 

Enquiries to:

 

Starvest PLC

Callum Baxter  Chairman/CEO  07922 255 933  cbaxter@starvest.co.uk

John Watkins  Finance Director  07768 512 404  jwatkins@starvest.co.uk

 

Grant Thornton UK LLP (Nomad)

Colin Aaronson or Harrison Clarke  02073 835 100

 

SI Capital Ltd (Appointed Broker)

Nick Emerson or Andy Thacker  01483 413 500

 

The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Callum Baxter

2

 

Reason for the notification

a)

 

Position/status

Chairman and CEO

 

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Starvest Plc

b)

 

LEI

 

2138002RU77NWA794295

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

Ordinary Shares of 1.0p each



Identification code

ISIN: GB0009619817



b)

 

Nature of the transaction

 

Participation in Fundraise

c)

 

Price(s) and volume(s)


Name

Price(s)

Volume(s)

Callum Baxter

2.12p

471,698

 





d)

 

Aggregated information




- Aggregated volume

471,698



- Price

2.12 pence



e)

 

Date of the transaction

 

17 May 2017

f)

 

Place of the transaction

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

John Watkins

2

 

Reason for the notification

a)

 

Position/status

Finance Director

 

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Starvest Plc

b)

 

LEI

 

2138002RU77NWA794295

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

Ordinary Shares of 1.0p each



Identification code

ISIN: GB0009619817



b)

 

Nature of the transaction

 

Participation in Fundraise

c)

 

Price(s) and volume(s)


Name

Price(s)

Volume(s)

John Watkins

2.12p

212,264

 





d)

 

Aggregated information




- Aggregated volume

212,264



- Price

2.12 pence



e)

 

Date of the transaction

 

17 May 2017

f)

 

Place of the transaction

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Gemma Cryan

2

 

Reason for the notification

a)

 

Position/status

Non-Executive Director

 

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Starvest Plc

b)

 

LEI

 

2138002RU77NWA794295

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

Ordinary Shares of 1.0p each



Identification code

ISIN: GB0009619817



b)

 

Nature of the transaction

 

Participation in Fundraise

c)

 

Price(s) and volume(s)


Name

Price(s)

Volume(s)

Gemma Cryan

2.12p

70,755

 





d)

 

Aggregated information




- Aggregated volume

70,755



- Price

2.12 pence



e)

 

Date of the transaction

 

17 May 2017

f)

 

Place of the transaction

 

Outside a trading venue

                                                                      


This information is provided by RNS
The company news service from the London Stock Exchange
 
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