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

StarvestAnnouncement

07/04/2022 12:00

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RNS Number : 6706H  Starvest PLC  07 April 2022

07 April 2022

 

 

 

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
168,055 new Ordinary shares of £0.01 in the Company ("Ordinary Shares") at a
price of 13p per Ordinary Share as follows to two of its directors in lieu of
fees for Q4 2021.  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            115,385                            8,098,753                                 13.90
 Gemma Cryan                52,670                             1,490,254                                 2.56

 

Application will be made for the new shares to be admitted to trading on AIM
with admission expected to take place on, or around, 14 April 2022.

 

Following admission, the Company's enlarged share capital will comprise
58,282,493 Ordinary Shares.  No shares are held in Treasury. Therefore, the
total number of Ordinary Shares with voting rights is 58,282,493. 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 retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

Callum N Baxter

Chairman & Chief Executive

07 April 2022

 

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 Ciara Donnelly 02073 835 100

 

SI Capital Ltd (Broker)

Nick Emerson or Alan Gunn  01483 413 500

 

 

The following disclosures are 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  13        115,385

 d)   Aggregated information

      - Aggregated volume

      - Price                                                      N/A - single transaction

 e)   Date of the transaction                                      07 April 2022

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

 

Date of the transaction

 

07 April 2022

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  13p       52,670

 d)   Aggregated information

      - Aggregated volume

      - Price                                                      N/A - single transaction

 e)   Date of the transaction                                      07 April 2022

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

 

Date of the transaction

 

07 April 2022

f)

 

Place of the transaction

 

Outside a trading venue

 

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