26 April 2000
TOAD PLC ('Toad' or the 'Company')
Application for the listing of shares
& Directors' shareholdings
Application has been made to the London Stock Exchange for
the admission to listing of 6,000,000 ordinary shares of 10p
each. These shares are being issued as deferred
consideration for the acquisition of Sextons Group Limited
('Sextons') pursuant to a contract dated 19 March 1998. This
contract was described in listing particulars published by
Toad on 19 March 1998 and approved by the shareholders of
Toad in general meeting on 14 April 1998.
Of the 6,000,000 shares to be issued, 4,000,000 shares will
be issued to Mr John Lewin, Chief Executive of Toad, and
2,000,000 shares will be issued to Mr Nicholas Grimond, an
Executive Director of Toad. Mr Lewin and Mr Grimond were two
of the vendors of Sextons.
As a consequence of this issue of shares, Mr Lewin's and Mr
Grimond's shareholding in Toad will increase to 4,021,739
and 2,021,739 shares respectively, representing 5.61% and
2.82%, respectively, of the enlarged issued share capital.
These shares will rank pari passu in all respects with the
existing issued share capital of Toad. It is expected that
dealings will commence in these shares on the Official List
on Tuesday 2 May 2000.
Copies of this announcement are available at the Companies
Announcements Office of the London Stock Exchange and at the
Company's registered office at National Control Centre,
Drake Road, Mitcham, Surrey CR4 4HQ.
Enquiries: John Lewin
020 8710 7710