REG - Lok'nStore Group - Proposed Placing of Ordinary Shares <Origin Href="QuoteRef">LOK.L</Origin>

Lok'n StoreAnnouncement

16/12/2015 07:00

RNS Number : 1803J
Lok'nStore Group PLC
16 December 2015
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
Lok'nStore Group Plc ("Company")
Proposed Placing of Ordinary Shares
To facilitate an institutional placing to be conducted today, Lok'nStore announces that Andrew Jacobs and Simon Thomas, both directors of the Company, intend today to sell, together, up to 400,000 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") representing approximately 1.39 per cent. of the issued share capital of the Company at a price of 340p per share.
Mr Jacobs' participation (amounting to 200,000 Ordinary Shares) in the placing is intended to be satisfied by the exercise today of the same number of options held by him under the terms of the Company's Unapproved Share Option Scheme.
The completion of the Placing and the resulting directors' shareholdings will be announced as soon as practicable today.
Enquiries:
Lok'nStore
Philippa Myers, Assistant Company Secretary
01252 521 010
finnCap Ltd
Julian Blunt/Giles Rolls, Corporate Finance
Alice Lane, Corporate Broking
020 7220 0500
Camarco
Billy Clegg
Tom Huddart
0203 757 4980

This information is provided by RNS
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