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Starvest PLC (SVE)

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Monday 06 April, 2020

Starvest PLC

Issue of Equity and Directors' Holdings

RNS Number : 9212I
Starvest PLC
06 April 2020
 

06 April 2020

 

 

 

Starvest Plc ("Starvest" or "the Company")

Issue of Equity, Total Voting Rights and Directors' Holdings

 

The Company is pleased to announce that it has resolved to issue a total of 1,107,057 new Ordinary shares of £0.01 in the Company ("Ordinary Shares") at a price of 4.25p per Ordinary Share as follows to two of its directors in lieu of fees for Q2, Q3 and Q4 2019 and Q1 2020.  The issue of new Ordinary Shares to directors is in accordance with the Company's focus on limiting the outflow of cash from the business, thereby preserving cash for investment opportunities as they present themselves.

 

The following table shows the number of new Ordinary Shares issued and their resultant total holdings:

 

Shareholder/Director name

Number of ordinary shares issued

Interest in enlarged issued share capital

% of enlarged share capital

Callum N Baxter

894,117

 7,178,519

12.59

Gemma Cryan

212,940

 1,162,884

2.04

 

Application will be made for the new shares to be admitted to trading on AIM with admission expected to take place on, or around, 14 April 2020.

 

Following admission, the Company's enlarged share capital will comprise 57,034,889 Ordinary Shares.  No shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights is 57,034,889. This figure may be used by shareholders 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 Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

Callum N Baxter

Chairman & Chief Executive

06 April 2020

 

Enquiries to:

 

Starvest PLC

Callum Baxter or Gemma Cryan  02077 696 876  [email protected]

 

Grant Thornton UK LLP (Nomad)

Colin Aaronson, Harrison Clarke or Seamus Fricker  02073 835 100

 

SI Capital Ltd (Broker)

Nick Emerson or Alan Gunn  01483 413 500

 

 

The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Callum Baxter

2

 

Reason for the notification

a)

 

Position/status

Chairman and CEO

 

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Starvest Plc

b)

 

LEI

 

2138002RU77NWA794295

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

Ordinary Shares of 1.0p each



Identification code

ISIN: GB0009619817



b)

 

Nature of the transaction

 

Participation in Fundraise

c)

 

Price(s) and volume(s)


Name

Price(s)

Volume(s)

Callum Baxter

4.25

 894,117





d)

 

Aggregated information




- Aggregated volume




- Price

4.25 pence



e)

 

Date of the transaction

 

06 April 2020

f)

 

Place of the transaction

 

Outside a trading venue

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Gemma Cryan

2

 

Reason for the notification

a)

 

Position/status

Director

 

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Starvest Plc

b)

 

LEI

 

2138002RU77NWA794295

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

Ordinary Shares of 1.0p each



Identification code

ISIN: GB0009619817



b)

 

Nature of the transaction

 

Participation in Fundraise

c)

 

Price(s) and volume(s)


Name

Price(s)

Volume(s)

Gemma Cryan

4.25p

212,940





d)

 

Aggregated information




- Aggregated volume




- Price

4.25 pence



e)

 

Date of the transaction

 

06 April 2020

f)

 

Place of the transaction

 

Outside a trading venue

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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