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C A Sperati PLC (TEA)

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Thursday 14 August, 2014

C A Sperati PLC

Holdings in Company and Correction

RNS Number : 1585P
C A Sperati PLC
14 August 2014
 

 

                                                                                                            14 August 2014

 

 

C A Sperati plc

("CAS" or the "Company")

 

Holdings in Company and correction to announcement dated 7 August 2014

 

CAS was informed on 15 July 2014 that, on 14 July 2014, Schweco Nominees Limited, on behalf of Jonathan Rowland, sold 100,000 ordinary shares of 0.5 pence each in the issued share capital of the Company ("Ordinary Shares") at a price of 4 pence per Ordinary Share. Prior to such sale, Schweco Nominees Limited, on behalf of Jonathan Rowland, held 1,951,600 Ordinary Shares representing approximately 10.12 per cent. of the issued share capital of the Company and following such sale holds 1,851,600 Ordinary Shares, representing approximately 9.60 per cent. of the issued share capital of the Company. Due to an administrative oversight this was neither recorded in the Company's records nor therefore announced.

 

In light of the above information which has now come to the attention of the Company and its Nominated Adviser, the Consultancy Agreement and the JR Warrant Agreement, as defined in the Company's announcement dated 7 August 2014 and entitled "Appointment of consultant, grant of warrants and establishment of an unapproved share option scheme", were not Related Party Transactions (as defined in the AIM Rules for Companies ("AIM Rules")) given that at the time of entering into such agreements Jonathan Rowland held less than 10 per cent. of the issued share capital of the Company. Therefore there was no requirement under the AIM Rules for Nilesh Jagatia and Oliver Fattal to provide a statement to the effect that having consulted with Beaumont Cornish Limited, the terms of the JR Warrant Agreement and the Consultancy Agreement were fair and reasonable insofar as the Company's shareholders were concerned.  All other information in the announcement dated 7 August 2014 remains the same.

 

For further information on CAS please visit the Company's website: www.casperatiplc.com or please contact:

 

C A Sperati plc


Jason Drummond, Executive Chairman

Tel: 020 8858 7069



 

Beaumont Cornish Limited (Nominated Adviser & Joint Broker)


Roland Cornish

Tel: 0207 628 3396

Emily Staples




Peterhouse Corporate Finance (Joint Broker)




  Lucy Williams

Tel: 020 7469 0936

 


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