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C A Sperati PLC (TEA)

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Wednesday 24 September, 2014

C A Sperati PLC

Issue of Equity

RNS Number : 4311S
C A Sperati PLC
24 September 2014
 



 

                                                                                                                                24 September 2014

 

 

C A Sperati plc

("CAS" or the "Company")

 

 

Issue of Equity

 

 

CAS announces that in accordance with a settlement agreement dated 21 November 2013 which it entered into with Kevin Jackson, a former director of the Company, relating to the termination of his employment with the Company ("Settlement Agreement"), it has agreed to issue 1,466,666 ordinary shares of 0.5 pence each in the capital if the Company ("Ordinary Shares") at a price of 3 pence per Ordinary Share, the aggregate value of such shares being £44,000 ("Settlement Shares").

 

In addition, and in accordance with the Settlement Agreement, Kevin Jackson will also be granted a warrant to subscribe for a further 1,466,666 Ordinary Shares at an exercise price of 3 pence per Ordinary Shares and exercisable until 23 September 2017.

 

Finally, pursuant to the terms of a broker agreement dated 4 February 2014, made between the Company and Peterhouse Corporate Finance Limited ("Peterhouse"), the Company has agreed to issue Peterhouse 125,000 Ordinary Shares at 4 pence per Ordinary Share, the aggregate value of such shares being £5,000 and which represents Peterhouse's initial annual retainer (exclusive of VAT) for acting as broker to the Company for the purposes of the AIM Rules for Companies ("Broker Shares").

 

Application will be made for the Settlement Shares and the Broker Shares, which will rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. Dealings in the Settlement Shares and the Broker Shares on AIM are expected to commence on or around 30 September 2014.

 

TVR

 

Following completion of the Subscription (which was announced by the Company on 23 September 2014), the issue of the Settlement Shares and the issue of the Broker Shares the Company's issued share capital will consist of 34,208,477 Ordinary Shares of 0.5 pence each, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury.

 

Therefore the total number of Ordinary Shares in the Company with voting rights will be 34,208,477.

 

The above figure of 34,208,477 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 Conduct Authority's Disclosure and Transparency Rules.

 

 

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: 0207 148 3008



 

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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