RE: Libero1 May 2014 15:37
Here's why:
Shares Not in Public Hands
In the terms of the AIM Rules published February 2010 and insofar as it is aware, at 10 December 2013, 12.69% of the Company’s AIM securities were not in public hands.
Restrictions on Transfer of AIM Securities
4,640,894 Ordinary Shares (AIM:SPSC) trade with the following restriction:
The newly issued common shares, $.01 par value per share, of the Company ("Common Shares") which were issued pursuant to an exemption from registration under Regulation S promulgated under the US Securities Act of 1933 (the "US Securities Act") and certain previously issued Common Shares which were issued pursuant to an alternative exemption from registration promulgated under the US Securities Act are restricted securities as defined in Rule 144 of the US Securities Act and may not be offered, sold or otherwise transferred except pursuant to an effective registration statement or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act.
The remaining 40,610,476 Ordinary Shares (AIM:SPSY) trade without transfer restrictions.
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