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

StarvestAnnouncement

14/07/2020 10:45

RNS Number : 9533S
  
Starvest PLC
  
14 July 2020
  
 

14 July 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 539,097 new Ordinary shares of £0.01 in the Company ("Ordinary Shares") at a price of 11.5p per Ordinary Share as follows to two of its directors in lieu of fees for Q4 2019 and Q1, Q2 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


460,869


 7,639,388 


13.27




Gemma Cryan


78,228


 1,241,112


2.16



 
Application will be made for the new shares to be admitted to trading on AIM with admission expected to take place on, or around, 20 July 2020.
 
Following admission, the Company's enlarged share capital will comprise 57,573,986 Ordinary Shares.  No shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights is 57,573,986. 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
14 July 2020
 
Enquiries to: 
 
Starvest PLC
Callum Baxter or Gemma Cryan  02077 696 876  info@starvest.co.uk
 
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
 


Issue of shares in lieu of Directors' fees




c)
 


Price(s) and volume(s)









Name


Price(s)


Volume(s)




Callum Baxter


11.5


 460,869


























d)
 


Aggregated information


















- Aggregated volume


460,869














- Price


11.5 pence














e)
 


Date of the transaction
 


14 July 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
 


Issue of shares in lieu of Directors' fees




c)
 


Price(s) and volume(s)









Name


Price(s)


Volume(s)




Gemma Cryan


11.5p


78,228


























d)
 


Aggregated information


















- Aggregated volume


78,228














- Price


11.5 pence














e)
 


Date of the transaction
 


14 July 2020




f)
 


Place of the transaction
 


Outside a trading venue



                                                                      


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