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Starvest plc (SVE)

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Friday 06 August, 2010

Starvest plc

Chairman's Exercise of Options






Friday 6 August 2010



Chairman's exercise of options  - 6 August 2010

Starvest plc ('Starvest' or the 'Company'), the provider of finance to fledgling
businesses  with a focus on mineral  exploration and development, announces that
it  received notification on 5 August 2010, of the exercise of 1,600,000 options
to subscribe for Ordinary Shares of 1 pence each in the Company at a price of 5
pence per share and of the exercise of 200,000 options to subscribe for Ordinary
Shares  in the  Company at  a price  of 6 pence  per share  by directors  of the
Company as stated below:

+--------------------+-----------------------------+----------------+
|                    | Number of options exercised | Exercise price |
+--------------------+-----------------------------+----------------+
| Ronald Bruce Rowan |                   1,400,000 |        5 pence |
+--------------------+-----------------------------+----------------+
| Ronald Bruce Rowan |                     200,000 |        6 pence |
+--------------------+-----------------------------+----------------+
| John Watkins       |                     200,000 |        5 pence |
+--------------------+-----------------------------+----------------+
| Total              |                   1,800,000 |                |
+--------------------+-----------------------------+----------------+


As  a result of this exercise of  these options, the directors' interests in the
Ordinary Shares of the Company are as follows:

+------------------+---------------+-------------------------------------------+
|                  |Shares now held|Percentage of issued ordinary share capital|
+------------------+---------------+-------------------------------------------+
|Ronald Bruce Rowan|     10,170,000|                                     27.85%|
+------------------+---------------+-------------------------------------------+
|John Watkins      |      1,035,000|                                      2.83%|
+------------------+---------------+-------------------------------------------+

In  addition to  their interests  in the  Ordinary Share  Capital of the Company
stated above, Mr Rowan and Mr Watkins remain interested in the following options
to subscribe for the Company's Ordinary Shares.

+--------------------+---------------------+----------------+
|                    | Options outstanding | Exercise price |
+--------------------+---------------------+----------------+
| Ronald Bruce Rowan |           1,750,000 |       15 pence |
+--------------------+---------------------+----------------+
| John Watkins       |             500,000 |        5 pence |
+--------------------+---------------------+----------------+
| John Watkins       |             100,000 |        6 pence |
+--------------------+---------------------+----------------+
| John Watkins       |             875,000 |       15 pence |
+--------------------+---------------------+----------------+

Application  will been made for  the New Ordinary Shares,  which rank pari passu
with  the Company's  existing issued  Ordinary Share  capital, to be admitted to
trading  on AIM. It is expected that the admission of the New Ordinary Shares to
trading on AIM will occur on 13 August 2010.

Following  the issue and allotment of the  new Ordinary Shares, the Company will
have  39,017,259 Ordinary Shares of 1 pence each in issue of which 2,300,000 are
held  in treasury, therefore the number of  Ordinary Shares in issue with voting
rights is 36,717,259.





Enquiries to:

Bruce   Rowan,   Chairman   020 7486 3997 or   John  Watkins,  Finance  Director
07768 512404; john@starvest.co.uk

Gerry Beaney or Colin Aaronson Grant Thornton Corporate Finance 020 7383 5100
                                                            ed by Thomson Reuters on behalf of 
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(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
All reproduction for further distribution is prohibited.
    
Source: Starvest plc via Thomson Reuters ONE