REG - Starvest PLC - Issue of Equity and Directors' Holdings

StarvestAnnouncement

22/01/2019 13:50

RNS Number : 7927N
Starvest PLC
22 January 2019
 


22 January 2019
 
 
 
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 1,327,869 new Ordinary shares of £0.01 in the Company ("Ordinary Shares") at a price of 3.05p per Ordinary Share as follows to two of its directors in lieu of fees for the six months ended 31 December 2018.  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


1,245,902


 5,797,916


10.5




Gemma Cryan


81,967


 949,944


1.7



 
Application will be made for the new shares to be admitted to trading on AIM with admission expected to take place on, or around, 28 January 2019.
 
Following admission, the Company's enlarged share capital will comprise 55,292,698 Ordinary Shares.  No shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights is 55,292,698.  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
22 January 2019
 
Enquiries to:
 
Starvest PLC
Callum Baxter  Chairman/CEO  07922 255 933  cbaxter@starvest.co.uk
 
Grant Thornton UK LLP (Nomad)
Colin Aaronson, Harrison Clarke or Seamus Fricker  020 7383 5100
 
SI Capital Ltd (Appointed 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


3.05


 1,245,902


























d)
 


Aggregated information


















- Aggregated volume


















- Price


3.05 pence














e)
 


Date of the transaction
 


22 January 2019




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


3.05p


81,967
 


























d)
 


Aggregated information


















- Aggregated volume


















- Price


3.05 pence














e)
 


Date of the transaction
 


22 January 2019




f)
 


Place of the transaction
 


Outside a trading venue



                                                                      




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