Voss Net PLC
22 March 2001
Voss Net plc
Additional Listing and Directors Shareholding
Voss Net plc has today placed 333,333 new ordinary shares at 22.5p per share
to raise additional working capital for the company. Application has been made
for these shares to be admitted to trading on the Alternative Investment
Market of the London Stock Exchange and dealings are expected to commence on
27 March 2001.
Voss Net has also conditionally placed 222,222 new ordinary shares with Jeremy
Gilbert's pension fund at 22.5p per share subject to shareholder approval to
be sought at the AGM of the Company to be held on 23 April 2001. Application
will be made for these shares to be admitted to trading on AIM in due course.
As a result of the placing, Mr Jeremy Gilbert's pension fund has, or will have
subject to shareholder approval, purchased 222,222 new ordinary shares at
22.5p per share pursuant to the placing. These shares will be regsitered in
the name of Pershing Keen Nominees. If all resolutions are passed at the AGM,
Mr Gilbert will be the beneficial owner of 544,444 ordinary shares
representing 6.84% of the issued share capital of Voss Net.
Mr Robert Burns has purchased 22,222 new ordinary shares in the placing at
22.5p per share and is now the beneficial owner of 22,222 ordinary shares
representing 0.28% of the issued share capital of Voss Net. Mr Burns also has
a 25% indirect interest in 55,555, ordinary shares in Voss Net plc.