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Weather Lottery(The) (BOX)

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Thursday 05 January, 2012

Weather Lottery(The)

Issue of Equity and Notice of AGM

RNS Number : 0756V
Weather Lottery PLC (The)
05 January 2012



("TWL" or the "Company")


Issue of Equity, Total Voting Rights, Update on Confiscation Order and Notice of Annual General Meeting


5 January 2012


Issue of equity


Further to the announcements made on 21 April 2011 and 20 September 2011, the Company has received a subscription for new ordinary 0.1p shares ("Ordinary Shares") from John Botros for £25,000 at 0.5625p per share, completing the equity fundraising announced on 21 April 2011 (the "Subscription").  Following the issue of 4,444,444 new Ordinary Shares under the subscription, Mr Botros will be interested in a total of 25,776,867 Ordinary Shares, equivalent to 6.40% of the share capital of the Company as enlarged by the Subscription.  This includes 21,021,112 Ordinary Shares as trustee for the Second Trinity Trust, equivalent to 5.22% of the share capital of the Company as enlarged by the Subscription.


Following the Subscription, the Company will have a total of 402,627,159 Ordinary Shares in issue. 



Total Voting Rights


In accordance with the Financial Services Authority's Disclosure and Transparency Rules, the Company hereby announces that it has 402,627,159 Ordinary Shares ordinary shares of 0.1p each ("Ordinary Shares"), with each Ordinary Share carrying the right to one vote. The Company does not hold any Ordinary Shares in Treasury.


The above figure of 402,627,159 Ordinary Shares may be used by shareholders in the Company 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 share capital of the Company under the Financial Services Authority's Disclosure and Transparency Rules.



Update on Confiscation Order Against Former Director


Further to the announcement made on 5 December 2011, the 4,333,333 Ordinary Shares in the Company (equivalent to 1.08% of the share capital of the Company as enlarged by the Subscription) that were held by former director Keith Millhench have been transferred under a court order into trust for the sole benefit of the Company, and are held for disposal at the discretion of the Board sometime before the end of April 2012.  John Botros, the Company Secretary, is acting as trustee for these Ordinary Shares.



Notice of Annual General Meeting


The Company has today posted its Annual Report and Accounts and notice of its Annual General Meeting ("AGM") to shareholders; a copy of both will also be posted on the Company's website (  The AGM will be held at the offices of Harrison Clark solicitors, 5 Deansway, Worcester on 30 January 2012 at 12.00 midday.



For further information please contact:


The Weather Lottery plc

John Botros (Company Secretary)                                           07714 209 346

Andrew Flitcroft (Finance Director)                                          07769 591 096


Allenby Capital Limited (Nomad and Broker)

Nick Harriss/James Reeve/Nick Athanas                                 020 3328 5656


SVS Securities plc (Broker)

Ian Callaway                                                                         020 7638 5600


Greycoat Communications (PR)

Andrew Marshall                                                                    07785 297 111


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