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Photon Kathaas (PKP)

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Friday 29 June, 2012

Photon Kathaas

Issue of Equity and Directors Shareholdings

RNS Number : 5494G
Photon Kathaas Productions Ltd
29 June 2012
 



For immediate release

 

Photon Kathaas Productions Limited

("Photon Kathaas" of the "Company)

 

Issue of Equity and Directors Shareholdings

                                

 

Photon Kathaas (AIM:PKP.L) announces that 19,706 and 5,781 new Ordinary Shares have been issued to Michael Rosenberg, Non-executive Chairman, and Nathalie Schwarz, Non-executive Director respectively. In accordance with the terms of their service contracts Michael Rosenberg and Nathalie Schwarz have agreed to take new Ordinary Shares in the Company in lieu of cash against Director's fees payable to them for the months of November and December 2011. These Ordinary Shares have been allotted to them at an issue price of US$0.49 per share.

 

Following the above issue of shares, Michael Rosenberg is now interested in a total of 175,293 Ordinary Shares in the Company, representing approximately 0.81% of the enlarged issued share capital of the Company.

 

Following the above issue of shares, Nathalie Schwarz is now interested in a total of 42,022 Ordinary Shares in the Company, representing approximately 0.19% of the enlarged issued share capital of the Company.

 

Application is being made for the 25,487 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 5 July 2012.

 

Following the issue of these shares, the Company has a total of 21,519,019 Ordinary Shares in issue. The total number of voting rights in the Company is therefore 21,519,019.

 

Enquiries

 

Photon Kathaas


Michael Rosenberg

+  44 (0)20 7938 4026

Venkat Somasundaram, Chief Executive

+65 6224 4991

Reshma Ghatala, Head of Marketing

+91 44 2820 2988



Seymour Pierce Limited (Nomad & broker)

020 7107 8000

Tom Sheldon (Corporate Finance)

David Banks/Jacqui Briscoe (Corporate Broking)






College Hill

020 7457 2020

Adrian Duffield/Jon Davies


 

About Photon Kathaas Productions

Photon Kathaas Productions is the first film company specifically created to make and distribute films of different genres to a primarily South Indian audience, speaking the languages of Telugu, Tamil, Kannada and Malayalam.

 

PKP benefits from a special creative relationship with its chief creative officer, Gautham Vasudev Menon. Gautham is one of the leading directors and producers in South Indian cinema. He has been involved in nine films to date, not only as a director but also as a screenplay writer, an executive producer and a producer. His earlier films include: Minnale (2000), Rehna He Tera Dile Mein (2001), Kaaka Kaaka (2003), Gharshana (2004), Vettaiyadu Vellaiyadi (2006), Pachaikili Muthucharam (2007), Vaaranam Aayiram (2008) Vinnaithaandi Varuvaayaa (2010), Ye Maaya Chesave (2010) and Nadunissi Naaygal (2011).

 

A. R. Rahman is PKP's creative adviser. He is an Indian film composer, record producer, musician and singer and is credited for totally overhauling the style in which music is made in India. A. R. Rahman has won two Academy Awards (Slumdog Millionaire), 25 Filmfare Awards, four Indian National Film Awards, a Bafta Award, two Golden Globes and two Grammy Awards.

 


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