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

StarvestAnnouncement

17/05/2017 09:50

RNS Number : 4092F
Starvest PLC
17 May 2017
17 May 2017
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 754,717 new Ordinary shares of 0.01 in the Company ("Ordinary Shares") at a price of 2.12p per Ordinary Share as follows to its directors in lieu of a proportion of fees for the three months ended 31 March 2017. 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, 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
471,698
3,707,570
7.01%
Gemma Cryan
70,755
645,755
1.22%
John Watkins *
212,264
2,575,143
4.87%
* 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, 24 May 2017.
Following admission, the Company's enlarged share capital will comprise 52,898,163 Ordinary Shares. Therefore the total number of Ordinary Shares with voting rights is 52,898,163. 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
17 May 2017
Enquiries to: 
Starvest PLC
Callum Baxter Chairman/CEO 07922 255 933 cbaxter@starvest.co.uk
John Watkins Finance Director 07768 512 404 jwatkins@starvest.co.uk
Grant Thornton UK LLP (Nomad)
Colin Aaronson or Harrison Clarke 02073 835 100
SI Capital Ltd (Appointed Broker)
Nick Emerson or Andy Thacker 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
2.12p
471,698




d)
Aggregated information



- Aggregated volume
471,698


- Price
2.12 pence


e)
Date of the transaction
17 May 2017
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
John Watkins
2
Reason for the notification
a)
Position/status
Finance 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)
John Watkins
2.12p
212,264




d)
Aggregated information



- Aggregated volume
212,264


- Price
2.12 pence


e)
Date of the transaction
17 May 2017
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
Non-Executive 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
2.12p
70,755




d)
Aggregated information



- Aggregated volume
70,755


- Price
2.12 pence


e)
Date of the transaction
17 May 2017
f)
Place of the transaction
Outside a trading venue

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