REG - Starvest PLC - Issue of Equity, TVR and Directors' Holdings <Origin Href="QuoteRef">SVE.L</Origin>

StarvestAnnouncement

17/10/2016 15:25

RNS Number : 7418M
Starvest PLC
17 October 2016
Monday 17 October 2016 
Starvest Plc ("Starvest" or "the Company")
Issue of Equity, Total Voting Rights and Directors' Holdings
The Company is pleased to announce that it has today resolved to issue a total of 725,000 new ordinary shares of 0.01 in the Company ("Ordinary Shares") at a price of 2.00p per Ordinary Share to its directors in lieu of a proportion of fees for the three months ended 30 September 2016. The issue of new Ordinary Shares to directors is in accordance with the Company's enhanced focus on limiting the outflow of cash from the business at this time, thereby preserving cash for investment opportunities as they present themselves.
The following table shows the number of new Ordinary Shares issued to each director and their resultant total holdings:
Director name
Number of ordinary shares issued
Interest in enlarged issued share capital
% of enlarged share capital
Callum N Baxter
500,000
2,015,872
5.00%
John Watkins 
Note 1
225,000
2,142,142
5.31%
Note 1: Includes 1,200,000 ordinary shares held by his wife, Mrs Diane Mary Watkins.
Application will be made for the new shares to be admitted to trading on AIM with admission expected to take place on or around 21 October 2016.
Following admission, the Company's enlarged share capital will comprise 40,343,446 Ordinary Shares. Therefore the total number of Ordinary Shares with voting rights is 40,343,446. 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.
Callum N Baxter
Chairman & Chief Executive
17 October 2016
Enquiries to: 
Callum Baxter, Chairman cbaxter@starvest.co.uk or John Watkins, Finance Director 07768 512 404; jwatkins@starvest.co.uk
Colin Aaronson or Harrison Clarke - Grant Thornton UK LLP 02073 835 100
Nick Emerson or Andy Thacker - SI Capital Limited 01483 413 500

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