RNS Number : 5530F
Weather Lottery PLC (The)
18 June 2012
THE WEATHER LOTTERY PLC
('TWL" or the "Company")
Issue of Equity
18 June 2012
The Board of TWL announces the issue of the following ordinary 0.1p shares ("Shares") in part settlement of fees due to Company personnel.
· The Right Honourable Lord E T Razzall CBE, Non-Executive Chairman,12,000,000 Shares in settlement of £12,000 fees due.
· J M Botros, Company Secretary and Legal Adviser, 12,000,000 Shares in settlement of £12,000 fees due.
· J S Williams, General Manager, 12,000,000 Shares in settlement of £12,000 fees due.
· A Moore, Consultant on gambling matters, 3,000,000 Shares in settlement of £3,000 fees due.
The new shares are being issued at 0.1p per share, a 25% premium to the closing mid-market price of the Shares on 15 June 2012.
Following the issue of these shares J S Williams will have an interest (including shares held by pension funds of which Mr Williams and his wife are beneficiaries) in 64,905,392 Shares in the Company representing 14.70% of the Company's issued share capital.
Following the issue of these shares J M Botros will have an interest (including in his role as trustee of the Second Trinity Trust) in 37,776,867 Shares in the Company representing 8.55% of the issued share capital of the Company.
Following the issue of these shares Lord E T Razzall will hold 20,000,000 Shares in the Company representing 4.53% of the issued share capital of the Company.
An application has been made to admit the 39,000,000 new Shares detailed above to trading on AIM with effect from 21 June 2012. Following the issue of the new Shares detailed above, the Company will have a total of 441,627,159 Shares in issue.
- ENDS -
For further information contact
The Weather Lottery PLC
John Botros (Company Secretary) 07714 209 346
Allenby Capital (Nominated Adviser and Broker)
Nick Harriss / Nick Athanas / James Reeve 020 3328 5656
SVS Securities (Broker)
Ian Callaway 020 7638 5600
This information is provided by RNS
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